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Principal At Risk Notes
Bank of Montreal Canadian Capped Utilities Boosted Barrier Principal At Risk Notes, Series 70 (CAD)
JHN7106
Product Details
TypeBoosted Barrier
IssuerBank of Montreal
ClassEquity
Linked toS&P/TSX Capped Utilities Index
CurrencyCAD
Issue DateMarch 15, 2017
Maturity DateMarch 15, 2023
Term6.0 Years
Boosted Return65.00%
Booster Range100.0% - 165.00%
Barrier Protection-35.00%
Upside Participation (above Boosted Return)300.00%
Downside Participation (below Barrier Level)100.00%
Minimum Payment$1.00
Maturity Return Profile*
* The return profile above is provided for illustration purposes only. This graph demonstrates the payment on the Principal At Risk Notes based on a specific return on the reference asset. There can be no assurance that any specific return will be achieved on the Principal At Risk Notes.
Product Description
  • The Notes are designed to provide investors with the opportunity for an enhanced or “boosted” return while also offering contingent protection against a slight to moderate decline in the Reference Index. The Principal Amount is NOT protected under these Notes.
  • Issuer: Bank of Montreal.
  • Medium Term: 6-year term to maturity.
  • Reference Index: The S&P/TSX Capped Utilities Index (Price Return Version) is comprised of securities of Canadian utilities sector issuers. S&P/TSX Capped Utilities Index constituents are selected from constituents included in the S&P/TSX Composite Index that are classified in the Global Industry Classification System (GICS®) utilities sector. The relative weight of any single constituent of the S&P/TSX Capped Utilities Index is capped at 25%.
  • Boosted Return: 65.00% where the Index Return is greater than or equal to 0.00% and equal to or less than 65.00% (equivalent to 8.70% per annum, compounded annually).
  • Booster Level: 100% of the Initial Level (or an Index Return of 0.00%).
  • Participation Rate: 300% participation where the Index Return is greater than the Boosted Return.
  • Downside Participation: 100% participation where the Final Level is below the Barrier Level.
  • Contingent Protection: If the Index Return is negative, the Principal Amount will be fully protected so long as the Final Level of the Reference Index is equal to or above the Barrier Level (i.e. 65% of the Initial Level) on the Final Valuation Date. If the Final Level of the Reference Index is below the Barrier Level on the Final Valuation Date, a Holder will sustain a loss on the Notes equal to the actual Index Return (which will be negative by the decline in the Reference Index), subject to the minimum principal repayment of $1.00 per Note.
  • Daily secondary market: Provided by BMO Capital Markets (may be subject to an early trading charge of up to 4.50% declining to zero over 360 days after the Issue Date and other limitations as described in the Prospectus). The Notes will not be listed on any exchange or marketplace.

Current Status
Update as ofApril 28, 2017
Remaining Term5.88 years
Current ETC4.50%
Current Bid Price historical $102.20