BMO eyes bullish booster percentage notes with barrier on S&P, Russell

By Sarah Lizee

Olympia, Wash., June 7 – Bank of Montreal plans to price 0% bullish booster percentage notes with barrier due June 30, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the lesser performing index increases above the booster percentage, which is 124% of the initial level, the payout at maturity will be par plus the return of the lesser performing index.

If the lesser performing index increases but by less than the booster percentage, the payout will be par plus 24%.

If the lesser performing index is zero or negative but not by more than 70% of the initial level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the lesser performing index from its initial level.

BMO Capital Markets Corp. is the agent.

The notes will price on June 27.

The Cusip number is 06367WLV3.

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