New Issue: Bank of Montreal prices $114,000 upside booster notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 29 – Bank of Montreal priced $114,000 of 0% upside booster notes with barrier due Aug. 31, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than 20%, the payout at maturity will be par plus the index return.

If the index return is between negative 10% and positive 20%, inclusive, the payout will be par plus 20%.

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.

Issuer:	Bank of Montreal
Issue:	Upside booster notes with barrier
Underlying index:	S&P 500
Amount:	$114,000
Maturity:	Aug. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than 20%, par plus index return; if index return is between negative 10% and positive 20%, inclusive, par plus 20%; if index return is less than negative 10%, one-to-one exposure to index's decline from initial level
Initial level:	1,940.51
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	BMO Capital Markets Corp.
Fees:	1.2%
Cusip:	06366RX26

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