Bank of Montreal rolls out more reverse convertibles
The Canadian bank has registered a further three reverse convertibles with the US Securities and Exchange Commission, while JP Morgan and Citi filed straddle products linked to the performance of ETFs
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, with
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