BMO plans 13-month bullish digital notes with barrier tied to S&P 500

By Susanna Moon

Chicago, Aug. 14 – Bank of Montreal plans to price 0% bullish digital return notes with barrier due Sept. 28, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes above its 85% barrier level, the payout at maturity will be par plus the digital return of 8.55%.

Otherwise, investors will lose 1% for each 1% decline.

BMO Capital Markets Corp. is the agent.

The notes will price on Aug. 23 and settle on Aug. 28.

The Cusip number is 06367TB25.

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