New Issue: BMO prices $5,000 bullish digital return barrier notes tied to indexes

By Susanna Moon

Chicago, Nov. 3 – UBS AG, London Branch priced $5,000 of 0% bullish digital return notes with barrier due April 30, 2020 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 75% barrier level, the payout at maturity will be par plus the digital return of 13%.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish digital return notes with barrier
Underlying indexes:	S&P 500, Russell 2000
Amount:	$5,000
Maturity:	April 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains or falls by up to 25%, par plus 13%; otherwise, 1% loss for each 1% decline of worse performing index
Initial index levels:	1,497.459 for Russell and 2,560.40 for S&P
Downside thresholds:	1,123.094 for Russell and 1,920.30 for S&P; 75% of initial levels
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	BMO Capital Markets Corp.
Fees:	2.75%
Cusip:	06367TK25

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