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Bank of Montreal plans upside booster notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., June 7 – Bank of Montreal plans to price 0% upside booster notes with buffer due June 28, 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 or equal to negative 15%, the payout will be par plus the booster percentage, which is expected to be 14% to 16% and will be set at pricing.
If the index return is less than negative 15%, investors will lose 1% for every 1% that the index declines beyond 15%.
BMO Capital Markets Corp. is the agent.
The notes are expected to price June 27.
The Cusip number is 06367TFF2.
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