Bank of Montreal plans bullish digital notes on SPDR S&P Oil & Gas

By Wendy Van Sickle

Columbus, Ohio, Dec. 7 – Bank of Montreal plans to price 0% bullish digital return Notes due Dec. 29, 2017 linked to the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

If the fund finishes at or above the initial level, the payout at maturity will be par plus the digital return of 40%.

Investors will be fully exposed to any loss in the fund.

BMO Capital Markets Corp. is the agent.

The notes will price on Dec. 28 and settle on Dec. 31.

The Cusip number is 06366R5Q4.

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