BMO plans three-year upside booster notes with barrier tied to Stoxx 50

By Susanna Moon

Chicago, July 7 – Bank of Montreal plans to price 0% buffered bullish digital return notes due July 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains by more than the 23% booster percentage, the payout at maturity will be par plus the index return.

If the index finishes between the 90% barrier and the booster amount, the payout will be par plus 23%.

Otherwise, investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

The notes will price on July 26 and settle on July 29.

The Cusip is 06367TGZ7.

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