…to which I will add<\/p>\n
- \n
- NBC NBC23354<\/a>, based on ZPR, which I found through the NBC Structured Solution web-page<\/a>\n
- TD Coupon Notes, series 329<\/a>, linked to ZPR, which I found through the TD structured notes search page<\/a><\/ul>\n
The BMO ‘Principal at Risk’ Notes page is here<\/a>. <\/p>\n
The TD Structured notes page is here<\/a>. Search for the product class ‘Principal at Risk Notes’ with the keyword ZPR.<\/p>\n
So were notes like this responsible for BMO’s buying bout of ZPR at the close today<\/a>?<\/p>\n
![\"zpr_190425\"](\"https:\/\/prefblog.com\/wp-content\/uploads\/2019\/04\/ZPR_190425-300x141.jpg\")
<\/a>
Click for Big<\/i><\/div>\nI didn’t look carefully at all the details for all the notes, but I got the impression that a selling commission of 2.5% applied to these notes. Nice work, if you can get it!<\/p>\n
\n
\n HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n\n Index<\/td>\n Mean
Current
Yield
(at bid)<\/td>\nMedian
YTW<\/td>\nMedian
Average
Trading
Value<\/td>\nMedian
Mod Dur
(YTW)<\/td>\nIssues<\/td>\n Day’s Perf.<\/td>\n Index Value<\/td>\n<\/tr>\n \n Ratchet<\/td>\n 0.00 %<\/td>\n 0.00 %<\/td>\n 0<\/td>\n 0.00<\/td>\n 0<\/td>\n 0.6808 %<\/td>\n 2,094.5<\/td>\n<\/tr>\n \n FixedFloater<\/td>\n 0.00 %<\/td>\n 0.00 %<\/td>\n 0<\/td>\n 0.00<\/td>\n 0<\/td>\n 0.6808 %<\/td>\n 3,843.3<\/td>\n<\/tr>\n \n Floater<\/td>\n 5.61 %<\/td>\n 5.94 %<\/td>\n 50,751<\/td>\n 13.97<\/td>\n 3<\/td>\n 0.6808 %<\/td>\n 2,214.9<\/td>\n<\/tr>\n \n OpRet<\/td>\n 0.00 %<\/td>\n 0.00 %<\/td>\n 0<\/td>\n 0.00<\/td>\n 0<\/td>\n 0.0298 %<\/td>\n 3,283.4<\/td>\n<\/tr>\n \n SplitShare<\/td>\n 4.88 %<\/td>\n 4.74 %<\/td>\n 72,416<\/td>\n 3.80<\/td>\n 8<\/td>\n 0.0298 %<\/td>\n 3,921.1<\/td>\n<\/tr>\n \n Interest-Bearing<\/td>\n 0.00 %<\/td>\n 0.00 %<\/td>\n 0<\/td>\n 0.00<\/td>\n 0<\/td>\n 0.0298 %<\/td>\n 3,059.4<\/td>\n<\/tr>\n \n Perpetual-Premium<\/td>\n 5.60 %<\/td>\n -9.51 %<\/td>\n 93,881<\/td>\n 0.09<\/td>\n 10<\/td>\n -0.1262 %<\/td>\n 2,949.1<\/td>\n<\/tr>\n \n Perpetual-Discount<\/td>\n 5.41 %<\/td>\n 5.48 %<\/td>\n 79,348<\/td>\n 14.65<\/td>\n 23<\/td>\n -0.0151 %<\/td>\n 3,106.1<\/td>\n<\/tr>\n \n FixedReset Disc<\/td>\n 5.24 %<\/td>\n 5.38 %<\/td>\n 185,172<\/td>\n 14.95<\/td>\n 61<\/td>\n -0.0780 %<\/td>\n 2,196.3<\/td>\n<\/tr>\n \n Deemed-Retractible<\/td>\n 5.23 %<\/td>\n 5.78 %<\/td>\n 103,679<\/td>\n 8.11<\/td>\n 27<\/td>\n -0.0395 %<\/td>\n 3,074.6<\/td>\n<\/tr>\n \n FloatingReset<\/td>\n 4.25 %<\/td>\n 4.36 %<\/td>\n 52,182<\/td>\n 2.66<\/td>\n 5<\/td>\n -0.0759 %<\/td>\n 2,403.0<\/td>\n<\/tr>\n \n FixedReset Prem<\/td>\n 5.07 %<\/td>\n 3.78 %<\/td>\n 280,592<\/td>\n 2.20<\/td>\n 23<\/td>\n 0.0627 %<\/td>\n 2,588.7<\/td>\n<\/tr>\n \n FixedReset Bank Non<\/td>\n 1.97 %<\/td>\n 3.85 %<\/td>\n 145,148<\/td>\n 2.67<\/td>\n 3<\/td>\n 0.0972 %<\/td>\n 2,648.5<\/td>\n<\/tr>\n \n FixedReset Ins Non<\/td>\n 5.00 %<\/td>\n 6.90 %<\/td>\n 103,624<\/td>\n 8.23<\/td>\n 22<\/td>\n 0.0959 %<\/td>\n 2,255.4<\/td>\n<\/tr>\n<\/table>\n \n
\n Performance Highlights<\/strong><\/td>\n<\/tr>\n \n Issue<\/td>\n Index<\/td>\n Change<\/td>\n Notes<\/td>\n<\/tr>\n \n BAM.PF.G<\/td>\n FixedReset Disc<\/td>\n -2.27 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 19.35
\nEvaluated at bid price : 19.35
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n\n MFC.PR.L<\/td>\n FixedReset Ins Non<\/td>\n -1.68 %<\/td>\n YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.55
\nBid-YTW : 8.06 %<\/td>\n<\/tr>\n\n BAM.PF.F<\/td>\n FixedReset Disc<\/td>\n -1.54 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 19.80
\nEvaluated at bid price : 19.80
\nBid-YTW : 5.72 %<\/td>\n<\/tr>\n\n MFC.PR.M<\/td>\n FixedReset Ins Non<\/td>\n -1.22 %<\/td>\n YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.59
\nBid-YTW : 7.59 %<\/td>\n<\/tr>\n\n TRP.PR.C<\/td>\n FixedReset Disc<\/td>\n -1.21 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 13.01
\nEvaluated at bid price : 13.01
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n\n TD.PF.I<\/td>\n FixedReset Disc<\/td>\n -1.18 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 22.09
\nEvaluated at bid price : 22.53
\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n\n CM.PR.S<\/td>\n FixedReset Disc<\/td>\n -1.17 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 20.25
\nEvaluated at bid price : 20.25
\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n\n NA.PR.S<\/td>\n FixedReset Disc<\/td>\n -1.13 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 18.36
\nEvaluated at bid price : 18.36
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n\n TD.PF.A<\/td>\n FixedReset Disc<\/td>\n -1.13 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 18.40
\nEvaluated at bid price : 18.40
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n\n GWO.PR.N<\/td>\n FixedReset Ins Non<\/td>\n 1.03 %<\/td>\n YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 14.75
\nBid-YTW : 8.79 %<\/td>\n<\/tr>\n\n TRP.PR.B<\/td>\n FixedReset Disc<\/td>\n 1.05 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 12.53
\nEvaluated at bid price : 12.53
\nBid-YTW : 5.75 %<\/td>\n<\/tr>\n\n BAM.PR.X<\/td>\n FixedReset Disc<\/td>\n 1.07 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 14.20
\nEvaluated at bid price : 14.20
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n\n MFC.PR.H<\/td>\n FixedReset Ins Non<\/td>\n 1.17 %<\/td>\n YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.47
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n\n BAM.PR.K<\/td>\n Floater<\/td>\n 1.20 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 11.76
\nEvaluated at bid price : 11.76
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n\n RY.PR.J<\/td>\n FixedReset Disc<\/td>\n 1.37 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 20.77
\nEvaluated at bid price : 20.77
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n\n PWF.PR.K<\/td>\n Perpetual-Discount<\/td>\n 1.80 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 22.33
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n\n TD.PF.C<\/td>\n FixedReset Disc<\/td>\n 2.41 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 18.67
\nEvaluated at bid price : 18.67
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n\n EMA.PR.F<\/td>\n FixedReset Disc<\/td>\n 3.04 %<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 19.30
\nEvaluated at bid price : 19.30
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n<\/table>\n\n
\n Volume Highlights<\/strong><\/td>\n<\/tr>\n \n Issue<\/td>\n Index<\/td>\n Shares
Traded<\/td>\nNotes<\/td>\n<\/tr>\n \n CU.PR.D<\/td>\n Perpetual-Discount<\/td>\n 160,500<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 22.31
\nEvaluated at bid price : 22.68
\nBid-YTW : 5.47 %<\/td>\n<\/tr>\n\n BMO.PR.F<\/td>\n FixedReset Prem<\/td>\n 150,847<\/td>\n YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.35
\nBid-YTW : 4.84 %<\/td>\n<\/tr>\n\n NA.PR.A<\/td>\n FixedReset Prem<\/td>\n 83,662<\/td>\n YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.81
\nBid-YTW : 3.81 %<\/td>\n<\/tr>\n\n PWF.PR.L<\/td>\n Perpetual-Discount<\/td>\n 80,400<\/td>\n YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 22.93
\nEvaluated at bid price : 23.20
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n\n RY.PR.F<\/td>\n Deemed-Retractible<\/td>\n 65,100<\/td>\n YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.13
\nBid-YTW : -6.07 %<\/td>\n<\/tr>\n\n GWO.PR.G<\/td>\n Deemed-Retractible<\/td>\n 48,500<\/td>\n YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.01
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n\n There were 37 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n \n
\n Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n \n Issue<\/td>\n Index<\/td>\n Quote Data and Yield Notes<\/td>\n<\/tr>\n \n BMO.PR.W<\/td>\n FixedReset Disc<\/td>\n Quote: 18.47 – 19.02
\nSpot Rate : 0.5500
\nAverage : 0.3682<\/p>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 18.47
\nEvaluated at bid price : 18.47
\nBid-YTW : 5.29 %<\/td>\n<\/tr>\n\n PWF.PR.Q<\/td>\n FloatingReset<\/td>\n Quote: 13.90 – 14.60
\nSpot Rate : 0.7000
\nAverage : 0.5759<\/p>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 13.90
\nEvaluated at bid price : 13.90
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n\n TRP.PR.A<\/td>\n FixedReset Disc<\/td>\n Quote: 14.80 – 15.35
\nSpot Rate : 0.5500
\nAverage : 0.4300<\/p>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 14.80
\nEvaluated at bid price : 14.80
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n\n RY.PR.G<\/td>\n Deemed-Retractible<\/td>\n Quote: 25.15 – 25.42
\nSpot Rate : 0.2700
\nAverage : 0.1649<\/p>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2019-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.15
\nBid-YTW : -7.01 %<\/td>\n<\/tr>\n\n MFC.PR.B<\/td>\n Deemed-Retractible<\/td>\n Quote: 21.75 – 22.10
\nSpot Rate : 0.3500
\nAverage : 0.2524<\/p>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 21.75
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n\n PWF.PR.E<\/td>\n Perpetual-Premium<\/td>\n Quote: 24.92 – 25.19
\nSpot Rate : 0.2700
\nAverage : 0.1741<\/p>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-25
\nMaturity Price : 24.66
\nEvaluated at bid price : 24.92
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"Assiduous Reader AB passes on his latest collection of derivative notes based on preferred shares: BMO JHN12319, based on Evolve Active Canadian Preferred Share ETF, closing 2019-4-26 BMO JHN12313, based on ZPR NBC NBC23348, based …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-50215","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50215"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50215\/revisions"}],"predecessor-version":[{"id":50216,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50215\/revisions\/50216"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- TD Coupon Notes, series 329<\/a>, linked to ZPR, which I found through the TD structured notes search page<\/a><\/ul>\n