BMO plans contingent risk absolute return notes on VanEck Vectors Gold

By Marisa Wong

Morgantown, W.Va., Oct. 16 – Bank of Montreal plans to price 0% contingent risk absolute return notes with digital upside due Oct. 31, 2019 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund finishes above its initial level, the payout at maturity will be par plus the digital return of 23%.

If the fund falls by up to 25%, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1% for each 1% decline.

BMO Capital Markets Corp. is the agent.

The notes will price Oct. 26.

The Cusip number is 06367TJ50.

© 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.