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Bank of Montreal plans buffered bullish return notes on Euro Stoxx
New York, May 24 – Bank of Montreal plans to price 0% buffered bullish return notes July 5, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus return capped at a maximum payout of par plus 25%. The exact cap will be set at pricing.
If the index falls by up to 10%, the payout will be par. Investors will lose 1% for every 1% decline beyond the 10% buffer.
BMO Capital Markets Corp. will be the agent.
The notes will price May 31 and settle June 5.
The Cusip number is 06367T6B1.
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