Bank of Montreal plans interest rate sensitivity notes on 13 stocks

By Susanna Moon

Chicago, June 4 – Bank of Montreal plans to price 0% interest rate sensitivity equity linked notes due Feb. 24, 2017 linked to an equally weighted basket of 13 common stocks selected by Raymond James & Associates, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The reference shares are Bank of America Corp., Bank of New York Mellon Corp., East West Bancorp, Inc., HealthEquity, Inc., Northern Trust Corp., PrivateBancorp, Inc., Prudential Financial, Inc., SVB Financial Group, TD Ameritrade Holding Corp., Texas Capital Bancshares, Inc., Wells Fargo & Co., Wintrust Financial Corp. and Zions Bancorp.

The payout at maturity will be par of $1,000 times the basket level percentage minus the redemption adjustment amount of $3.50.

The issue price of the notes is $1,027.50 per $1,000 principal amount of the notes.

BMO Capital Markets Corp. is the agent.

The notes will settle on June 26.

The Cusip number is 06366RP66.

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