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Bank of Montreal plans upside booster notes on SPDR Euro Stoxx ETF
By Jennifer Chiou
New York, Oct. 3 – Bank of Montreal plans to price 0% upside booster notes with barrier due April 30, 2018 linked to the SPDR Euro Stoxx 50 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is greater than 17.5%, the payout at maturity will be par plus the fund return.
If the fund return is between negative 15% and positive 17.5%, inclusive, the payout will be par plus 17.5%.
If the fund return is less than negative 15%, investors will be fully exposed to any losses.
The notes (Cusip: 06366RXF7) will price on Oct. 28 and settle on Oct. 31.
BMO Capital Markets Corp. is the agent.
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