New Issue: BMO prices $1.68 million bullish digital return notes on S&P, Russell

By Susanna Moon

Chicago, Nov. 2 – Bank of Montreal priced $1.68 million of 0% bullish digital return notes due Nov. 26, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its 70% threshold, the payout at maturity will be par plus the digital return of 8.2%.

Otherwise, investors will receive par plus the return of the worse performing index with full exposure to any losses.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish digital return notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$1,682,000
Maturity:	Nov. 26, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 70% threshold, par plus 8.2%; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	1,526.587 for Russell and 2,740.69 for S&P
Barrier levels:	1,068.6109 for Russell and 1,918.483 for S&P, 70% of initial levels
Pricing date:	Oct. 23
Settlement date:	Oct. 26
Agent:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06367WDX8

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