Bank of Montreal plans upside booster notes linked to SPDR S&P Oil

By Susanna Moon

Chicago, Nov. 4 – Bank of Montreal plans to price 0% upside booster notes with barrier due Nov. 30, 2018 linked to the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund gains by more than the 20% booster, the payout at maturity will be par plus the index return.

If the fund gains by up to 20% or falls by up to 10%, the payout will be par plus 20%.

If the fund 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 Nov. 24 and settle on Nov. 30.

The Cusip number is 06366R4D4.

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