New Issue: BMO prices $525,000 contingent fixed return notes on S&P 500

By Taylor Fox

New York, Feb. 1 – Bank of Montreal priced $525,000 of 0% market-linked securities with contingent fixed return and fixed percentage buffered downside due Jan. 5, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the final index level is greater than or equal to the threshold level, 90% of the initial index level, the payout at maturity will be par plus 12.5%.

If the final level is less than the threshold level, investors will lose 1% for each 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Bank of Montreal
Issue:	Market-linked securities with contingent fixed return and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$525,000
Maturity:	Jan. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to the threshold level, 90% of the initial index level, par plus 12.5%; otherwise, 1% loss for each 1% decline beyond 10%
Initial level:	3,732.04
Threshold level:	3,358.836, 90% of initial level
Pricing date:	Dec. 30
Settlement date:	Jan. 5
Agents:	Wells Fargo Securities, LLC
Fees:	3.19%
Cusip:	06368E7F3

© 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.