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Bank of Montreal plans upside booster notes linked to SPDR S&P Oil
By Susanna Moon
Chicago, Aug. 7 – Bank of Montreal plans to price 0% upside booster notes with barrier due Aug. 31, 2018 linked to the SPDR S&P Oil & Gas Exploration and Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains by more than the 28% booster, the payout at maturity will be par plus the index return.
If the index gains by up to 28% or falls by up to 10%, the payout will be par plus 28%.
If the index finishes below the 90% barrier level, investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
The notes will price on Aug. 26 and settle on Aug. 31.
The Cusip number is 06366RW92.
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