Principal Protected Notes
Bank of Montreal Covered Call Canadian Banks ETF Minimum Coupon Principal Protected Deposit Notes, Series 15
|Bank of Montreal|
|ZWB - BMO Covered Call Cdn Bank ETF|
|January 17, 2018|
|January 17, 2025|
- 100% Principal Protection: by Bank of Montreal, as issuer, if held to Maturity. Coupon payments of 0.75% per annum on the Deposit Amount. The Variable Return is based on the percentage change (if positive) in the closing price of the units of the Reference ETF from the Closing Date to the Final Valuation Date. More specifically, the Variable Return per Deposit Note is $100 multiplied by 100% of the percentage change (if positive).
Current Status As of May 18, 2018
**Early trading charge will reduce proceeds on disposition.
Bid Price (i) may be subject to an Early Trading Charge (equal to a percentage of the Deposit Amount), (ii) may be less than the Deposit Amount of the Notes, and (iii) reflects the most recent price available. The Bid Price may fluctuate and/or be adversely affected by a number of factors, including certain factors discussed in the Information Statement.
The above summary and the other material on this website is for information purposes only and does not constitute an offer to sell or a solicitation to purchase Notes. Investors should read the applicable Information Statement which sets out the specific terms and risk factors associated with an investment in the Notes carefully and discuss the suitability of the Notes with their investment advisor before making any investment decisions. The offering and sale of Notes may be prohibited or restricted by laws in certain jurisdictions. Notes may only be purchased where they may be lawfully offered for sale and only through individuals qualified to sell them. For a copy of the applicable Information Statement, click on the link above.