New Issue: Bank of Montreal prices $862,000 upside booster notes linked to Russell 2000

By Tali Rackner

Norfolk, Va., March 3 – Bank of Montreal priced $862,000 of 0% upside booster notes with buffer due Feb. 28, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout will be par plus 16 %.

If the index return is less than negative 15%, investors will lose 1% for every 1% that the index declines beyond 15%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Upside booster notes with buffer
Underlying index:	Russell 2000
Amount:	$862,000
Maturity:	Feb. 28, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is greater than or equal to negative 15%, par plus 16%; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:	1,022.077
Buffer level:	868.765, 85% of initial level
Pricing date:	Feb. 24
Settlement date:	Feb. 29
Agent:	BMO Capital Markets Corp.
Fees:	2.5%
Cusip:	06366R7L3

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