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Bank of Montreal to price buffered bullish return notes on Euro Stoxx
By Marisa Wong
Madison, Wis., April 13 – Bank of Montreal plans to price 0% buffered bullish digital return notes due Oct. 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus the digital return of 25%.
If the index falls by up to 15%, the payout will be par. Investors will lose 1% for every 1% decline beyond the 15% buffer.
BMO Capital Markets Corp. will be the agent.
The notes will price April 27 and settle April 30.
The Cusip number is 06366RH99.
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