BMO plans bullish digital return notes linked to Euro Stoxx, Russell

By Angela McDaniels

Tacoma, Wash., June 12 – Bank of Montreal plans to price 0% bullish digital return notes with barrier due July 23, 2018 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

A barrier event will occur if either index closes below its barrier level, 65% of its initial level, on any trading day during the life of the notes.

If a barrier event does not occur, the payout at maturity will be par plus 6.65%.

If a barrier event occurs and the final level of the lesser-performing index is greater than or equal to its initial level, the payout will be par.

If a barrier event occurs and the final level of the lesser-performing index is less than its initial level, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

BMO Capital Markets Corp. is the agent.

The notes will price June 19.

The Cusip number is 06367TYF1.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.