New Issue: BMO sells $1.09 million notes on 17 Raymond James Energy Sector top picks

By Wendy Van Sickle

Columbus, Ohio, Oct. 8 – Bank of Montreal priced $1.09 million of 0% notes linked to Raymond James Energy Sector Top Selections due Sept. 30, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are linked to an equally weighted basket of 17 common equity securities of entities engaged in the energy industry selected in August by Raymond James & Associates, Inc. The reference shares are Antero Midstream GP LP, Continental Resources, Inc., Chevron Corp., Concho Resources Inc., Delek US Holdings, Inc., Halliburton Co., Itron, Inc., Kinder Morgan, Inc., Marathon Petroleum Corp., Plains GP Holdings, LP, Phillips 66, Patterson-UTI Energy, Inc., ProPetro Holding Corp., Pioneer Natural Resources Co., SunPower Corp., Total SA and Targa Resources Corp.

The payout at maturity will be par of $1,000 times 96.6% times the basket level percentage. Because of the 96.6% participation rate, investors will receive less than par if the basket does not gain by at least 3.52%.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Notes linked to Raymond James Energy Sector Top Selections
Underlying basket:	Antero Midstream GP LP (Symbol: AMGP), Continental Resources, Inc. (Symbol: CLR), Chevron Corp. (Symbol: CVX), Concho Resources Inc. (Symbol: CXO), Delek US Holdings, Inc. (Symbol: DK), Halliburton Co. (Symbol: HAL), Itron, Inc. (Symbol: ITRI), Kinder Morgan, Inc. (Symbol: KMI), Marathon Petroleum Corp. (Symbol: MPC), Plains GP Holdings, LP (Symbol: PAGP), Phillips 66 (Symbol: PSX), Patterson-UTI Energy, Inc. (Symbol: PTEN), ProPetro Holding Corp. (Symbol: PUMP), Pioneer Natural Resources Co. (Symbol: PXD), SunPower Corp. (Symbol: SPWR), Total SA (Symbol: TOT) and Targa Resources Corp. (Symbol: TRGP); equally weighted
Amount:	$1,088,000
Maturity:	Sept. 30, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par times 96.6% times the basket return
Initial prices:	$17.35 for Antero, $62.23 for Continental, $121.31 for Chevron, $142.88 for Concho, $43.94 for Delek, $40.71 for Halliburton, $66.05 for Itron, $18.06 for Kinder Morgan, $83.73 for Marathon, $24.15 for Plains, $111.66 for Phillips, $17.89 for Patterson, $17.33 for ProPetro, $172.52 for Pioneer, $7.89 for SunPower, $63.33 for Total, $55.33 for Targa
Pricing date:	Sept. 26
Settlement date:	Sept. 28
Agent:	BMO Capital Markets Corp.
Fees:	2%
Cusip:	06367WBW2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.