Published on 6/6/2016 in the Prospect News Structured Products Daily.
New Issue: Bank of Montreal sells $21,000 buffered bullish notes tied to SPDR Dow Jones REIT ETF
By Tali Rackner
Norfolk, Va., June 6 – Bank of Montreal priced $21,000 of 0% buffered bullish enhanced return notes due May 31, 2018 linked to the SPDR Dow Jones REIT exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to a maximum redemption amount of $1,168.75 per $1,000 principal amount
Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond 10%.
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: | SPDR Dow Jones REIT ETF
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Amount: | $21,000
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Maturity: | May 31, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 150% of any fund gain, capped at 11.25%; par if fund declines by up to 10%; exposure to any losses beyond 10%
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Initial level: | $93.74
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Pricing date: | May 26
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Settlement date: | May 31
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Agent: | BMO Capital Markets Corp.
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Fees: | 0.8%
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Cusip: | 06367TEG1
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