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BMO plans bullish digital return notes with barrier tied to Russell
By Angela McDaniels
Tacoma, Wash., June 5 – Bank of Montreal plans to price 0% bullish digital return notes with barrier due July 31, 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 12.75%. If the index return is less than or equal to zero but greater than or equal to negative 10%, the payout will be par. If the index return is less than negative 10%, investors will lose 1% for every 1% that the index declines from its initial level.
BMO Capital Markets Corp. is the agent.
The notes will price June 27.
The Cusip number is 06367TXY1.
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