New Issue: BMO prices $20,000 bullish digital return notes tied to Russell, S&P 500

By Susanna Moon

Chicago, Oct. 2 – Bank of Montreal priced $20,000 of 0% bullish digital return notes with barrier due Oct. 31, 2018 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 80% threshold level, the payout at maturity will be is $1,055 for each $1,000 principal amount.

Otherwise, investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish digital return notes with barrier
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$20,000
Maturity:	Oct. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 80% threshold, par plus 5.5%; otherwise, par plus return of worse performing index with full exposure to any losses
Initial levels:	2,496.84 for S&P, 1,456.863 for Russell
Barrier levels:	1,997.47 for S&P, 1,165.49 for Russell; 80% of initial levels
Pricing date:	Sept. 26
Settlement date:	Sept. 29
Agent:	BMO Capital Markets Corp.
Fees:	1.43%
Cusip:	06367TF62

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