New Issue: Bank of Montreal prices $628,000 digital return notes with barrier linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Feb. 4 – Bank of Montreal priced $628,000 of 0% bullish digital return notes with barrier due Feb. 3, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than negative 10%, the payout at maturity will be par plus 38%. If the index return is less than or equal to negative 10% but greater than or equal to negative 50%, the payout will be par. If the index return is less than negative 50%, investors will have full exposure to the index’s decline from its initial level.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish digital return notes with barrier
Underlying index:	Russell 2000
Amount:	$628,000
Maturity:	Feb. 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than negative 10%, par plus 38%; if index return is less than or equal to negative 10% but greater than or equal to negative 50%, par; if index return is less than negative 50%, full exposure to index’s decline from initial level
Initial index level:	1,035.381
Buffer level:	931.843, 90% of initial level
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Agent:	BMO Capital Markets Corp.
Fees:	4.1%
Cusip:	06366R6W0

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