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Bank of Montreal plans upside booster notes linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, June 6 – Bank of Montreal plans to price 0% upside booster notes with barrier due June 28, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than 23%, the payout at maturity will be par plus the index return.
If the index return is between negative 10% and positive 23%, inclusive, the payout will be par plus 23%.
If the index return is less than negative 10%, investors will have one-to-one exposure to the index's decline from its initial level.
BMO Capital Markets Corp. is the agent.
The notes are expected to price June 27.
The Cusip number is 06367TFZ8.
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