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Bank of Montreal to price upside booster notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Aug. 4 – Bank of Montreal plans to price 0% upside booster notes with barrier due Aug. 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than 21%, the payout at maturity will be par plus the index return.
If the index return is between negative 10% and positive 21%, inclusive, the payout will be par plus 21%.
If the index return is less than negative 10%, investors will have one-to-one exposure to the index's decline from its initial level.
BMO Capital Markets Corp. is the agent.
The notes are expected to price Aug. 27 and settle Aug. 29.
The Cusip number is 06366RVS1.
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