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BMO to price buffered bullish digital return notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, June 6 – Bank of Montreal plans to price 0% buffered bullish digital return notes due June 28, 2019 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the digital return of 15%.
If either index falls but by no more than 20%, the payout will be par.
Otherwise, investors will be exposed to any losses of the worse performing index beyond 20%.
BMO Capital Markets Corp. is the agent.
The notes will price on June 27 and settle on June 30.
The Cusip is 06367TGC8.
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