BMO plans bullish digital return barrier notes tied to two indexes

By Susanna Moon

Chicago, Jan. 23 – Bank of Montreal plans to price 0% bullish digital return notes with barrier due March 1, 2019 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index never closes below its 75% barrier level during the life of the notes, the payout at maturity will be par plus the digital return of 8%.

If either index ever breaches the 75% barrier but each index finishes at or above its initial level, the payout will be par.

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

BMO Capital Markets Corp. is the agent.

The notes will price on Jan. 29 and settle on Feb. 1.

The Cusip number is 06367TY38.

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