BMO plans to sell bullish digital notes on Russell 2000, S&P 500

By Emma Trincal

New York, Oct. 12 – Bank of Montreal plans to price 0% buffered bullish digital return notes due Nov. 25, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If each index closes at or above its barrier level, which is 70% of the initial price, the payout at maturity will be par plus a digital return that is expected to be 6.15%. The actual digital return will be set at pricing.

Otherwise, investors will be fully exposed to any decline of the worst performing index.

BMO Capital Markets Corp. is the agent.

The notes (Cusip: 06367WDT7) are expected to price on Oct. 12 and settle on Oct. 24.

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