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Bank of Montreal plans upside booster notes linked to Russell 2000
By Toni Weeks
San Luis Obispo, Calif., Jan. 2 - Bank of Montreal plans to price 0% upside booster notes with barrier due Jan. 31, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than 27%, the payout at maturity will be par plus the index return.
If the index return is between negative 10% and positive 27%, inclusive, the payout will be par plus 27%.
If the index return is less than negative 10%, investors will be fully exposed to losses.
BMO Capital Markets Corp. is the agent.
The notes will price Jan. 28 and settle Jan. 31.
The Cusip number is 06366RSU0.
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