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Bank of Montreal plans upside booster notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Jan. 13 – Bank of Montreal plans to price 0% upside booster notes with buffer due Jan. 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 15%, the payout at maturity will be par plus the booster percentage of 15% to 18%, which will be set at pricing.
If the index return is less than negative 15%, investors will lose 1% for every 1% decline beyond 15%.
BMO Capital Markets Corp. is the agent.
The notes are expected to price Jan. 26.
The Cusip number is 06366R6A8.
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