By Susanna Moon
Chicago, July 12 – Bank of Montreal priced $1.07 million of 0% buffered bullish enhanced return notes due Nov. 6, 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 200% of any fund gain, up to a maximum redemption amount of $1,139 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
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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: | $1,067,000
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| Maturity: | Nov. 6, 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 13.9%; par if fund falls by up to 15%; exposure to any losses beyond 15%
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| Initial level: | $42.90
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| Pricing date: | July 2
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| Settlement date: | July 6
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| Agent: | BMO Capital Markets Corp.
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| Fees: | None
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| Cusip: | 06367T6T2
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