New Issue: BMO sells $145,000 bullish digital return barrier notes tied to Russell

By Susanna Moon

Chicago, Aug. 28 – Bank of Montreal priced $145,000 of 0% bullish digital return notes with barrier due Sept. 28, 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 11.9%.

If the index falls but never closes below its 85% barrier level during the life of the notes, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish digital return notes with barrier
Underlying index:	Russell 2000
Amount:	$145,000
Maturity:	Sept. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 11.9%; if index falls but never closes below 85% barrier, par; otherwise, 1% for each 1% decline
Initial level:	1,369.739
Barrier level:	85% of initial level
Pricing date:	Aug. 23
Settlement date:	Aug. 28
Agent:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06367TB33

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