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Bank of Montreal to price buffered bullish digital notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Sept. 3 – Bank of Montreal plans to price 0% buffered bullish digital plus notes due Sept. 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the digital return of 32%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
BMO Capital Markets Corp. is the agent.
The notes will price on Sept. 25 and settle on Sept. 30.
The Cusip number is 06366RY66.
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