Bank of Montreal offers glimpse of sunny returns
Bank of Montreal and Goldman Sachs revive somnabulant US public issuance market with racy reverse convertible and leveraged return note
Only two products were registered with the US Securities and Exchange Commission (SEC) yesterday (March 5), but they could not have been more varied. Bank of Montreal offered a short-term, low-barrier play on a solar power company, while Goldman Sachs treated investors to an 18-month gamble on the S&P 500, though the Goldman note does offer potential accelerated returns of four times the rise in the US benchmark index, subject to a maximum of 116–118.8% including principal.
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