New Issue: BMO prices $119,000 buffered bullish digital return notes on indexes

By Tali Rackner

Norfolk, Va., Aug. 31 – Bank of Montreal priced $119,000 of 0% buffered bullish digital return notes due Aug. 30, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus the digital return of 20%.

If the return of the lesser performing index is zero or negative but at least negative 20%, the payout will be par.

If the return of the lesser performing index is less than negative 20%, investors will be exposed to any decline of the lesser performing index beyond 20%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Buffered bullish digital return notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$119,000
Maturity:	Aug. 30, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If each index finishes above its initial level, par plus 20% if return of lesser performing index is at least negative 20%, par; otherwise, exposure to declines of the lesser performing index beyond 20%
Initial index levels:	2,169.04 for S&P, 1,238.031 for Russell
Buffer levels:	1,735.23 for S&P, 990.425 for Russell; 80% of initial levels
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	BMO Capital Markets Corp.
Fees:	1.2%
Cusip:	06367TJL5

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