The bank has launched a five-year structured note tied to the healthcare company.
The Bank of Montreal (BMO) has issued Series 1730 (CAD) of its Callable Contingent Income Barrier Notes in Canada. Distributed via BMO Nesbitt Burns and Richardson Wealth Limited, the five-year notes offer access to the share of Novo-Nordisk ADR, a Danish company that develops, produces and markets pharmaceutical products. The product offers a monthly coupon at a rate of 0.925% (equivalent to 11.10% per annum), providing the share closes at or above 60% of its initial level on any valuati