Bank of Montreal plans upside booster notes linked to oil & gas ETF

By Marisa Wong

Morgantown, W.Va., Dec. 24 – Bank of Montreal plans to price 0% upside booster notes with barrier due Dec. 31, 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 15% booster, the payout at maturity will be par plus the fund return.

If the fund gains by up to 15% or falls by up to 10%, the payout will be par plus 15%.

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 Dec. 28 and settle on Dec. 31.

The Cusip number is 06366R5M3.

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