New Issue: BMO sells $461,000 bullish digital return barrier notes tied to Russell

By Susanna Moon

Chicago, June 8 – Bank of Montreal priced $461,000 of 0% bullish digital return notes with barrier due June 29, 2018 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 12%.

Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses if the index finishes below its 90% barrier level.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish digital return notes with barrier
Underlying index:	Russell 2000
Amount:	$461,000
Maturity:	June 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 12%; par if index falls by up to 10%; otherwise, 1% for each 1% decline
Initial level:	1,383.388
Pricing date:	May 25
Settlement date:	May 31
Agent:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06367TWN6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.