New Issue: Bank of Montreal prices $10,000 notes linked to responsible investing stocks

By Angela McDaniels

Tacoma, Wash., Sept. 2 – Bank of Montreal priced $10,000 of 0% senior medium-term notes, series C, due Sept. 7, 2016 linked to the Ameriprise Financial Investment Research Group’s Sustainable and Responsible Investing Equity Focus List, according to a 424B2 filing with the Securities and Exchange Commission.

Making up the list are the common stocks of ACE Ltd., Apple Inc., Bank of America Corp., Coca-Cola Co., Costco Wholesale Corp., Ford Motor Co., Johnson & Johnson, Kimberly-Clark Corp., Kroger Co., Nike, Inc., Starbucks Corp., Walt Disney Co., Waste Management, Inc., WhiteWave Foods Co. and Xylem Inc.

Ameriprise Financial’s Investment Research Group defines sustainable and responsible investing as an investment strategy that seeks to combine investor values with performance-enhancing characteristics gained from the identification and analysis of environmental, social and governance information.

For each $1,000 principal amount of notes, the payout at maturity will equal (a) the product of (i) $1,000 and (ii) the basket level percentage multiplied by (b) 97.6%.

The basket level percentage is the sum of the weighted performances of the reference stocks. Each stock’s final share price will be equal to its closing price on Sept. 1, 2016 plus the dividends declared on that stock during the life of the notes, and each stock’s performance will equal its final share price divided by its initial share price.

Because of the 97.6% participation rate, the basket level percentage must exceed 102.46% in order for investors to receive more than par.

BMO Capital Markets Corp. is the agent. Ameriprise Financial Services, Inc. will act as distributor.

Issuer:	Bank of Montreal
Issue:	Senior medium-term notes, series C
Underlying stocks:	ACE Ltd., Apple Inc., Bank of America Corp., Coca-Cola Co., Costco Wholesale Corp., Ford Motor Co., Johnson & Johnson, Kimberly-Clark Corp., Kroger Co., Nike, Inc., Starbucks Corp., Walt Disney Co., Waste Management, Inc., WhiteWave Foods Co. and Xylem Inc.
Amount:	$10,000
Maturity:	Sept. 7, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	For each $1,000 principal amount of notes, (a) product of (i) $1,000 and (ii) basket level percentage multiplied by (b) 97.6%
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	BMO Capital Markets Corp.
Fees:	1.9%
Cusip:	06366RW43

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