New Issue: BMO sells $746,000 bullish digital return barrier notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 11 – Bank of Montreal priced $746,000 of 0% bullish digital return notes with barrier due Oct. 5, 2018 linked to the S&P 500 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 6.3%.

If the index finishes flat or falls but never closes below its 70% 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:	S&P 500
Amount:	$746,000
Maturity:	Oct. 5, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 6.3%; if index finishes flat or falls but never closes below 70% barrier, par; otherwise, 1% for each 1% decline
Initial level:	2,457.59
Barrier level:	1,720.31, 70% of initial level
Pricing date:	Aug. 30
Settlement date:	Sept. 5
Agent:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06367TC99

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