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Bank of Montreal plans upside booster notes tied to Energy Select fund
By Susanna Moon
Chicago, Feb. 5 – Bank of Montreal plans to price 0% upside booster notes with barrier due Feb. 28, 2019 linked to the Energy Select Sector SPDR Fund, according to an FWP filing with the Securities and Exchange Commission.
If the fund gains by more than the 34% booster, the payout at maturity will be par plus the fund return.
If the fund gains by up to 34% or falls by up to 10%, the payout will be par plus 34%.
If the fund finishes below the 90% barrier level, investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
The notes will price on Feb. 24 and settle on Feb. 29.
The Cusip number is 06367TAP5.
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