By Marisa Wong
Morgantown, W.Va., May 1 – Bank of Montreal priced $13.45 million of 0% Raymond James Oil Focus Series 4 notes due April 30, 2019 linked to a basket of 16 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The reference shares are Continental Resources, Inc., Canadian Natural Resources Ltd., Concho Resources Inc., Eni SpA, EnLink Midstream, LLC, Halliburton Co., Hess Corp., Marathon Oil Corp., Newfield Exploration Co., Oasis Petroleum Inc., Parsley Energy, Inc., Patterson-UTI Energy, Inc., Pioneer Natural Resources Co., RPC, Inc., Superior Energy Services, Inc. and Total SA. Each reference stock has an initial weight of 6.25% weight.
The payout at maturity will be par of $1,000 times 96.75% times the basket level percentage. Because of the 96.75% participation rate, investors will receive less than par if the basket level percentage is less than 103.36%.
For each stock, its initial share price is the average of its average intraday prices on each averaging date – April 21, April 24 and April 25.
For each stock, its final share price will be the average of its closing share prices on the three trading days ending April 25, 2019.
BMO Capital Markets Corp. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Raymond James Oil Focus Series 4 notes
|
| Underlying stocks: | Continental Resources, Inc. (Symbol: CLR); Canadian Natural Resources Ltd. (Symbol: CNQ); Concho Resources Inc. (Symbol: CXO); Eni SpA (Symbol: E); EnLink Midstream, LLC (Symbol: ENLC); Halliburton Co. (Symbol: HAL); Hess Corp. (Symbol: HES); Marathon Oil Corp. (Symbol: MRO); Newfield Exploration Co. (Symbol: NFX); Oasis Petroleum Inc. (Symbol: OAS); Parsley Energy, Inc. (Symbol: PE); Patterson-UTI Energy, Inc. (Symbol: PTEN); Pioneer Natural Resources Co. (Symbol: PXD); RPC, Inc. (Symbol: RES); Superior Energy Services, Inc. (Symbol: SPN); and Total SA (Symbol: TOT); each 6.25% weight
|
| Amount: | $13,449,000
|
| Maturity: | April 30, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par times 96.75% times the basket level percentage
|
| Basket level percentage: | Final basket level divided by initial basket level
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| Initial price: | For each stock, average of its average intraday prices on April 21, April 24 and April 25
|
| Final price: | For each stock, average of its closing share prices on the three trading days ending April 25, 2019
|
| Pricing date: | April 21
|
| Settlement date: | April 28
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 2%
|
| Cusip: | 06367TVQ0
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