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Bank of Montreal plans buffered upside booster notes on Russell 2000
By Marisa Wong
Madison, Wis., Sept. 6 - Bank of Montreal plans to price 0% upside booster notes with barrier due Sept. 28, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than the booster percentage, 20%, the payout at maturity will be par plus the index return.
If the index return is at least negative 10%, the payout will be par plus the booster percentage.
Investors will be fully exposed to losses if the index falls by more than 10%.
The notes (Cusip: 06366RQT5) are expected to price Sept. 25 and settle Sept. 30.
BMO Capital Markets Corp. is the agent.
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