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Principal At Risk Notes
Bank of Montreal S&P/TSX Composite Low Volatility Index Twin Win Buffer Principal At Risk Notes, Series 16 (CAD) (F-Class)
JHN7147
Product Details
TypeTwin Win
IssuerBank of Montreal
ClassEquity
Linked toS&P/TSX Low Volatility Index
CurrencyCAD
Issue DateJune 14, 2017
Maturity DateJune 14, 2023
Term6.0 Years
Upside Participation240.00%
Cap levelNone
Absolute Participation (above Barr/Buff Level)100.00%
Downside Participation (below Barr/Buff Level)100.00%
Barrier/ Buffer Protection-20.00%
Maximum Payment None
Minimum Payment$20.00
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 return when the Index Return is positive and a positive return if the Index Return is equal to or above the Buffer Level, while reducing the downside risks with partial protection that “buffers” any negative performance of the Reference Index below the Buffer Level over the term of the Notes.
  • Issuer: Bank of Montreal.
  • Medium Term: 6-year term to maturity.
  • Reference Index: The price return version of the S&P/TSX Composite Low Volatility Index is designed to measure the performance of the 50 least volatile stocks within the S&P/TSX Composite Index. Constituents are weighted relative to the inverse of their corresponding volatility, with the least volatile stocks receiving the highest weights. The Reference Index is designed to serve as a benchmark for low volatility or low variance strategies based on the S&P/TSX Composite Index, which is the headline index and the principal broad market measure for the Canadian equity markets.
  • Upside Participation: 240% participation (or 2.40 times the Index Return) where the Index Return is positive.
  • Downside Participation above Buffer Level: 100% participation in the absolute value of any negative Index Return where the Final Level is equal to or above the Buffer Level on the Final Valuation Date.
  • Buffer Level: 80% of the Initial Level of the Reference Index.
  • Protection Buffer: 20%, meaning a Holder would sustain incremental losses from a decline in the Reference Index below the Buffer Level.
  • Maximum Payment Amount: There will be no cap or maximum payment amount on the Notes.
  • Minimum Payment Amount: $20.00 per Note.
  • Daily Secondary Market: Provided by BMO Capital Markets (may be subject to limitations as described in the Prospectus).

Current Status
Update as ofMay 19, 2017
Remaining Term6.00 years
Current ETC
Current Bid Price historical $100.00