By Susanna Moon
Chicago, March 9 – Bank of Montreal priced $348,000 of 0% bullish enhanced return notes due May 31, 2019 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to maximum payment of $1,230 for each $1,000 principal amount.
Investors will be exposed to any losses.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Bullish enhanced return
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| Underlying fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $348,000
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| Maturity: | May 31, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any fund gain capped at 23%; 1% loss for each 1% decline
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| Initial level: | $49.72
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | BMO Capital Markets Corp.
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| Fees: | 0.5%
|
| Cusip: | 06367T2M1
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