Published on 10/16/2017 in the Prospect News Structured Products Daily.
New Issue: BMO prices $450,000 bullish enhanced return notes linked to S&P 500
By Tali Rackner
Minneapolis, Oct. 16 – Bank of Montreal priced $450,000 of 0% bullish enhanced return notes due Oct. 24, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum redemption amount of $1,100 per $1,000 principal amount.
Investors will be fully exposed to any index decline.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Bullish enhanced return notes
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| Underlying index: | S&P 500
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| Amount: | $450,000
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| Maturity: | Oct. 24, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus triple any index gain, capped at 10%; full exposure to any losses
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| Initial level: | 2,550.93
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| Pricing date: | Oct. 12
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| Settlement date: | Oct. 27
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| Agent: | BMO Capital Markets Corp.
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| Fees: | 0.25%
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| Cusip: | 06367TL40
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