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Bank of Montreal plans bullish enhanced return notes on stock basket
By Toni Weeks
San Luis Obispo, Calif., Nov. 13 – Bank of Montreal plans to price 0% bullish enhanced return notes due Dec. 9, 2019 linked to a basket of stocks, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components include Chicago Bridge & Iron Co. NV, Cummins Inc., Calpine Corp., Covanta Holding Corp., DCP Midstream Partners, LP, Enterprise Products Partners LP, First Solar, Inc., Magellan Midstream Partners, LP, Navistar International Corp., NextEra Energy, Inc., SolarCity Corp., SunPower Corp., Trinity Industries, Inc., Tesla Motors, Inc. and Union Pacific Corp.
The payout at maturity will be par plus 142.5% of any gain in the basket. Investors will be fully exposed to any losses.
The basket return will be the sum of the weighted percentage change for each basket component.
BMO Capital Markets Corp. is the agent.
The notes will price Dec. 4 and settle Dec. 9.
The Cusip number is 06366RYD1.
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