The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM Oil & Gas Exploration & Production Index on a daily basis... Show more
The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM Oil & Gas Exploration & Production Index on a daily basis.
The index is a total return index that tracks the stock prices of large-capitalization companies that are domiciled and listed in the U.S. and that are active in the exploration and production of oil and gas. The notes are unsecured and unsubordinated obligations of Bank of Montreal. Each note will have an initial principal amount of $25. The notes do not bear interest.