By Susanna Moon
Chicago, July 3 – Bank of Montreal priced $1.53 million of 0% buffered bullish return notes due June 30, 2020 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 150% of any fund gain, up to a maximum redemption amount of $1,200 per $1,000 principal amount.
Investors will receive par if the fund falls by up to 20.5% and will be exposed to any losses beyond the buffer.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Buffered bullish return notes
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1,533,000
|
| Maturity: | June 30, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, capped at 20%; par if fund falls by up to 20.5%; exposure to any losses beyond 20.5%
|
| Initial level: | $43.16
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | None
|
| Cusip: | 06367T6P0
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
