Bank of Montreal plans barrier bullish return notes linked to Russell

By Susanna Moon

Chicago, July 11 – Bank of Montreal plans to price 0% barrier bullish return notes due July 30, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain.

Investors will receive par if the index falls by up to 45% and will be fully exposed to any losses if the index finishes below the 55% barrier level.

BMO Capital Markets Corp. is the agent.

The notes will price on July 26 and settle on July 29.

The Cusip number is 06367THJ2.

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