Bank of Montreal rolls out more reverse convertibles

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Bank of Montreal flies the flag for reverse convertibles

Bank of Montreal added another three reverse convertibles to its recent flood of filings with the US Securities and Exchange Commission (SEC) on March 16, following the filing of 23 such products with the regulator a day ealier. The bank's latest products all have a six-month term. One is linked to the performance of Halliburton stock and pays the highest annualised rate at 13.91% subject to a closing day barrier of 75%. The remaining products are linked to FedEx and Capital One Financial, wi