New Issue: BMO prices $2.18 million bullish digital return barrier notes on index, fund

By Wendy Van Sickle

Columbus, Ohio, Oct. 12 – Bank of Montreal priced $2.18 million of 0% bullish digital return notes with barrier due Nov. 13, 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 65% barrier level, the payout at maturity will be par plus the digital return of 6.8%.

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:	$2,178,000
Maturity:	Nov. 13, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each component gains or falls by up to 65% barrier, par plus 6.8%; otherwise, 1% for each 1% decline of worse performing component
Initial levels:	2,537.74 for S&P, $45.52 for MSCI EM fund
Barrier levels:	1,649.53 for S&P, $29.59 for MSCI EM fund, 65% of initial levels
Pricing date:	Oct. 4
Settlement date:	Oct. 10
Agent:	BMO Capital Markets Corp.
Fees:	0.43%
Cusip:	06367TH45

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