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Bank of Montreal to price upside booster notes linked to S&P 500
By Marisa Wong
Madison, Wis., Jan. 2 – Bank of Montreal plans to price 0% upside booster notes with barrier due Jan. 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than 20.5%, the payout at maturity will be par plus the index return.
If the index return is between negative 10% and positive 20.5%, inclusive, the payout will be par plus 20.5%.
If the index return is less than negative 10%, investors will have one-to-one exposure to the index’s decline from its initial level.
BMO Capital Markets Corp. is the agent.
The notes will price on Jan. 27 and settle on Jan. 30.
The Cusip number is 06366RYW9.
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