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Bank of Montreal to price upside booster notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., April 6 – Bank of Montreal plans to price 0% upside booster notes with barrier due April 30, 2018 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 18%, the payout at maturity will be par plus the index return.
If the index return is between negative 10% and positive 18%, the payout will be par plus 18%.
If the index return is less than negative 10%, investors will lose 1% for every 1% that the final index level is less than the initial level.
The notes (Cusip: 06366RH57) are expected to price April 27 and settle April 30.
BMO Capital Markets Corp. is the agent.
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