Bank of Montreal plans buffered bullish digital notes tied to Russell

By Susanna Moon

Chicago, Aug. 1 – Bank of Montreal plans to price 0% buffered bullish digital notes due Feb. 28, 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus a digital coupon of 16.5% to 20.5%. The exact coupon will be set at pricing.

Investors will receive par for losses up to 20% and will share in losses beyond 20%.

BMO Capital Markets Corp. is the agent.

The notes will price on Aug. 27 and settle on Aug. 29.

The Cusip for the notes is 06366RVQ5.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.