New Issue: BMO sells $80,000 bullish digital return barrier notes tied to S&P, Russell

By Tali Rackner

Minneapolis, Oct. 2 – Bank of Montreal priced $80,000 of 0% bullish digital return notes with barrier due Oct. 31, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above the initial level or declines by up to 20%, the payout at maturity will be par plus the digital return of 6.5%.

If either index finishes below the 20% buffer, investors will be fully exposed to any losses of the lesser-performing index.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Bullish digital return notes with barrier
Underlying indexes:	S&P 500, Russell 2000
Amount:	$80,000
Maturity:	Oct. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains or falls by up to 20%, par plus 6.5%; if either index falls by more than 20%, 1% loss for each 1% decline of lesser-performing index
Initial levels:	2,496.84 for S&P, 1,456.863 for Russell
Barrier levels:	1,997.47 for S&P, 1,165.49 for Russell; 80% of initial levels
Pricing date:	Sept. 26
Settlement date:	Sept. 29
Agent:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06367TF70

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