Bank of Montreal to price 13-month notes linked to basket of 15 stocks

By Angela McDaniels

Tacoma, Wash., April 9 - Bank of Montreal plans to price 0% notes due May 30, 2013 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes Abbott Laboratories, Chubb Corp., Cincinnati Financial Corp., Coca-Cola Co., Consolidated Edison, Inc., Genuine Parts Co., Kimberly-Clark Corp., McDonald's Corp., McGraw-Hill Cos., Inc., PPG Industries, Inc., Procter & Gamble Co., Stanley Black & Decker Inc., Target Corp., V.F. Corp. and Wal-Mart Stores, Inc.

The payout at maturity will be par plus 97.2% of the sum of the stocks' weighted returns.

For each basket stock, the final share price will be the sum of its closing price on May 24, 2013 plus the dividends declared on that stock during the life of the notes.

The notes (Cusip: 06366Q7D3) are expected to price April 25 and settle April 30.

BMO Capital Markets Corp. is the agent.

© 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.