By Wendy Van Sickle
Columbus, Ohio, March 29 – Bank of Montreal priced $290,000 of 0% contingent risk absolute return notes with digital upside due Sept. 30, 2020 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund closes above its initial level, the payout at maturity will be par plus the digital return of 30%.
If the fund falls by up to the 75% barrier level, the payout at maturity will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
Issuer: | Bank of Montreal
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Issue: | Contingent risk absolute return notes with digital upside
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Underlying fund: | VanEck Vectors Gold Miners ETF
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Amount: | $290,000
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Maturity: | Sept. 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If fund gains, par plus 30%; if fund falls by up to 25%, par plus absolute return; otherwise, full exposure to any losses
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Initial level: | $22.44
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Barrier level: | $16.83, 75% of initial level
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Pricing date: | March 26
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Settlement date: | March 29
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Agent: | BMO Capital Markets Corp.
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Fees: | 1%
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Cusip: | 06367T3N8
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