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Bank of Montreal plans bullish barrier digital notes linked to S&P 500
By Susanna Moon
Chicago, Oct. 26 – Bank of Montreal plans to price 0% bullish digital return notes with barrier due Dec. 29, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the digital return of 10%.
Investors will receive par if the index falls by up to 10% and will be fully exposed to any loss if the index finishes below the 90% trigger.
BMO Capital Markets Corp. is the agent.
The notes will price on Nov. 28 and settle on Nov. 30.
The Cusip number is 06367TMX5.
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