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Bank of Montreal plans upside booster notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Jan. 7 – Bank of Montreal plans to price 0% upside booster notes with barrier due Jan. 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than 20%, the payout at maturity will be par plus the index return.
If the index return is between negative 10% and positive 20%, inclusive, the payout will be par plus 20%.
If the index return is less than negative 10%, investors will have one-to-one exposure to the index's decline from its initial level.
BMO Capital Markets Corp. is the agent.
The notes are expected to price Jan. 26.
The Cusip number is 06366R6P5.
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