BMO to price one-year bullish enhanced return notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., Oct. 15 – Bank of Montreal plans to price 0% bullish enhanced return notes due Nov. 25, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any index gain, capped at par plus 11.5% to 15.5%. The exact cap will be set at pricing.

Investors will be fully exposed to any index decline.

BMO Capital Markets Corp. is the agent.

The notes will price on Oct. 19.

The Cusip number is 06367WDW0.

© 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.