| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Bank of Montreal > News item |
Bank of Montreal plans booster notes with barrier on EAFE ETF, Stoxx
By Sarah Lizee
Olympia, Wash., May 6 – Bank of Montreal plans to price 0% booster notes with barrier due May 31, 2022 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser performing asset increases by more than 142.3% of the initial level, the payout will be par plus the gain of the lesser performing asset.
If the lesser performing asset return is positive but does not exceed 142.3% of the initial level, the payout will be par plus 42.3%.
If either asset falls by up to 30%, the payout will be par.
If either asset falls by more than 30%, the payout will be par plus the return of the lesser performing asset with full exposure to the loss.
BMO Capital Markets Corp. is the agent.
The notes will price on May 30.
The Cusip number is 06367WKT9.
© 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.