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BMO plans upside booster notes with barrier tied to Euro Stoxx 50
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 Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index gains by more than the 22% booster, the payout at maturity will be par plus the index return.
If the index gains by up to the booster or falls by up to 10%, the payout will be par plus the booster.
If the index 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 06367TDB3.
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