Bank of Montreal wakes up to coffee company-linked product

Reverse convertible linked to Green Mountain Coffee Roasters

Bank of Montreal has registered a reverse convertible with the US SEC that pays a chunky 19.95% annualised return for its three-month life. The structured product has a 70% downside protection barrier and is linked to Green Mountain Coffee Roasters.

The Canadian bank registered three reverse convertibles for the public market on March 29, which also included a seven-month reverse convertible linked to the SPDR S&P 500 ETF. The product pays an annualised rate of 6% and has an 85% downside buffer.

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