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BMO to price buffered bullish digital return notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Jan. 14 – Bank of Montreal plans to price 0% buffered bullish digital return notes due Jan. 22, 2018 linked to the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the digital return of 15%.
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 Jan. 21 and settle on Jan. 26.
The Cusip is 06366R6Y6.
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