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Bank of Montreal plans three-year upside booster notes tied to S&P 500
By Susanna Moon
Chicago, April 1 - Bank of Montreal plans to price 0% upside booster notes due April 30, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level but not more than 120% of the initial level, the payout at maturity will be par plus 20%.
Investors will receive par plus the gain if the index rises by more than 20%.
Investors will be exposed to any losses.
BMO Capital Markets Corp. is the agent.
The notes will price on April 26 and settle on April 29.
The Cusip is 06366QFZ5.
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