BMO to sell bullish digital return notes with barrier on S&P, Russell

By Devika Patel

Knoxville, Tenn., July 14 – Bank of Montreal plans to price 0% bullish digital return notes with barrier due Aug. 31, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filed with the Securities and Exchange Commission.

If the lesser performing index finishes at or above 80% of its initial level, the payout at maturity will be par plus the digital return of 6%.

Investors will lose 1% for each 1% decline of the lesser performing index from its initial level if it finishes below 80% of the initial level.

BMO Capital Markets Corp. is the agent.

The notes (Cusip: 06367TZH6) are expected to price on July 26 and settle on July 31.

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