BMO plans upside booster notes with barrier due 2019 on energy fund

By Wendy Van Sickle

Columbus, Ohio, April 27 – Bank of Montreal plans to price 0% upside booster notes with barrier due May 31, 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 24% 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 May 26 and settle on May 31.

The Cusip number is 06367TEK2.

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