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BMO plans 13-month bullish digital notes with barrier on two indexes
By Susanna Moon
Chicago, Aug. 9 – Bank of Montreal plans to price 0% bullish digital return notes with barrier due Sept. 28, 2018 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 each index finishes above its 80% barrier level, the payout at maturity will be par plus the digital return of 5.3%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
BMO Capital Markets Corp. is the agent.
The notes will price on Aug. 23 and settle on Aug. 28.
The Cusip number is 06367TB90.
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