New Issue: BMO prices $98,000 bullish digital return barrier notes on index, fund

By Susanna Moon

Chicago, July 10 – Bank of Montreal priced $98,000 of 0% bullish digital return notes with barrier due July 31, 2018 linked to the worse performing of the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying component finishes above its 80% barrier level, the payout at maturity will be par plus the digital return of 7.6%.

Otherwise, investors will be fully exposed to any losses of the worse performing component.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish digital return notes with barrier
Underlying assets:	S&P 500 index, iShares MSCI Emerging Markets ETF
Amount:	$98,000
Maturity:	July 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each component gains or falls by up to 80% barrier, par plus 7.6%; otherwise, 1% for each 1% decline of worse performing component
Initial levels:	2,419.38 for S&P, $41.41 for MSCI EM fund
Barrier levels:	1,935.50 for S&P, $33.13 for MSCI EM fund, 80% of initial levels
Pricing date:	June 27
Settlement date:	June 30
Agent:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06367TYD6

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