New Issue: BMO prices $110,000 bullish digital return notes linked to Russell 2000

By Tali Rackner

Norfolk, Va., Dec. 27 – Bank of Montreal priced $110,000 of 0% bullish digital return notes with barrier due Jan. 31, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the digital return of 14.75%.

Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses if the index finishes below the 90% barrier level.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish digital return notes with barrier
Underlying index:	Russell 2000
Amount:	$110,000
Maturity:	Jan. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 14.75%; par if index falls by up to 10%; otherwise, full exposure to any losses
Initial level:	1,362.659
Barrier level:	1,226.393, 90% of initial level
Pricing date:	Dec. 22
Settlement date:	Dec. 30
Agent:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06367TPQ7

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