By Susanna Moon
Chicago, March 2 – Bank of Montreal priced $354,000 of 0% contingent risk absolute return notes with digital upside due Feb. 28, 2019 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 21%.
If the fund falls but by no more than its 60% 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
|
| Issue: | Contingent risk absolute return notes with digital upside
|
| Underlying fund: | VanEck Vectors Gold Miners ETF
|
| Amount: | $354,000
|
| Maturity: | Feb. 28, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund gains, par plus digital return of 21%; if fund falls by up to 40%, par plus absolute return; otherwise, full exposure to any losses
|
| Initial level: | $24.37
|
| Barrier level: | 60% of initial level
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 0.8%
|
| Cusip: | 06367TSQ4
|
|
|
|
|
|
|
|
|
© 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.
