BMO plans upside booster notes with buffer tied to energy fund

By Marisa Wong

Morgantown, W.Va., April 11 – Bank of Montreal plans to price 0% upside booster notes with barrier due April 30, 2019 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund gains by more than the 19% booster, the payout at maturity will be par plus the fund return.

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

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 April 26 and settle on April 29.

The Cusip number is 06367TDC1.

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