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BMO plans bullish digital return notes with barrier tied to Stoxx 50
New York, May 17 – Bank of Montreal plans to price 0% bullish digital return notes with barrier due June 28, 2019 linked to the Euro Stoxx 50 index, according to an FWP 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 15.8%.
If the index ends at or above its 90% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
BMO Capital Markets Corp. is the agent.
The notes will price on May 25 and settle on May 31.
The Cusip number is 06367T5Y2.
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