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Bank of Montreal plans buffered digital notes linked to Russell, S&P
By Angela McDaniels
Tacoma, Wash., Aug. 5 – Bank of Montreal plans to price 0% buffered bullish digital return notes due Aug. 30, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the return of the lesser-performing index is positive, the payout at maturity will be par plus 15%. If the lesser-performing index declines by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
BMO Capital Markets Corp. is the agent.
The notes are expected to price Aug. 26.
The Cusip number is 06367TJK7.
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