BMO plans three-year buffered bullish digital notes linked to indexes

By Tali Rackner

Norfolk, Va., July 13 – Bank of Montreal plans to price 0% buffered bullish digital return notes due July 31, 2019 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 each index finishes above its initial level, the payout at maturity will be par plus the digital return of 19%.

Investors will receive par if either index falls by up to 20% and will be exposed to any losses beyond 20%.

BMO Capital Markets Corp. is the agent.

The notes will price on July 26 and settle on July 29.

The Cusip is 06367THG8.

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