By Susanna Moon
Chicago, Dec. 8 – Bank of Montreal priced $1.05 million of 0% buffered bullish enhanced return notes due Nov. 29, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum amount of $1,150 per $1,000 principal amount.
Investors will receive par if the fund falls by up to 22% and will lose 1% for each 1% decline beyond the buffer.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Buffered bullish enhanced return notes
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| Underlying fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $1,053,000
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| Maturity: | Nov. 29, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any fund gain, capped at 15%; par if fund falls by up to 22%; 1% loss for each 1% decline beyond 22%
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| Initial level: | $47.01
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agent: | BMO Capital Markets Corp.
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| Fees: | None
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| Cusip: | 06367TQ94
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