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Bank of Montreal plans buffered bullish digital notes on Euro Stoxx
By Susanna Moon
Chicago, June 5 – Bank of Montreal plans to price 0% buffered bullish digital plus notes due June 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the greater of the index return and the digital return of 30%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
BMO Capital Markets Corp. is the agent.
The notes will price on June 25 and settle on June 30.
The Cusip number is 06366RP41.
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