Bank Of Montreal MicroSectors U.S. Big Oil 3 Leveraged ETNs due February (NRGU) Covered Calls
There are no covered calls available for Bank Of Montreal MicroSectors U.S. Big Oil 3 Leveraged ETNs due February.
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Extended Business Description
The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Oil Index on a daily basis. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. listed stocks with the largest market capitalization in the energy/oil sector.
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