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BMO plans contingent risk absolute return notes tied to Gold Miners
By Susanna Moon
Chicago, Feb. 3 – Bank of Montreal plans to price 0% contingent risk absolute return notes with digital upside due Feb. 28, 2019 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
If the fund closes above its initial level, the payout at maturity will be par plus the digital return of 21%.
If the fund falls but by no more than its 60% barrier level, the payout at maturity will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
The notes will price on Feb. 23 and settle on Feb. 28.
The Cusip number is 06367TSQ4.
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