By Susanna Moon
Chicago, March 12 – Bank of Montreal priced $1.35 million of 0% buffered bullish enhanced return notes due Feb. 28, 2020 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 a maximum redemption amount of $1,260 per $1,000 principal amount.
Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond 10%.
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: | $1.35 million
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| Maturity: | Feb. 28, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% any fund gain, capped at 26%; par if fund falls by up to 10%; 1% loss per 1% decline beyond 10%
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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: | 0.25%
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| Cusip: | 06367T2V1
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