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Bank of Montreal plans buffered bullish digital notes on Russell 2000
By Marisa Wong
Morgantown, W.Va., April 11 – Bank of Montreal plans to price 0% buffered bullish digital return notes due Oct. 31, 2019 linked to the Russell 2000 index, according to a 424B2 filing 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 19% to 23%. The exact digital return will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
BMO Capital Markets Corp. is the agent.
The notes will price on April 26 and settle on April 29.
The Cusip is 06367TDL1.
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