Published on 10/2/2015 in the Prospect News Green Finance Daily and Prospect News Structured Products Daily.
New Issue: Bank of Montreal sells $11,000 of notes linked to Ameriprise SRI stocks
By Marisa Wong
Morgantown, W.Va., Oct. 2 – Bank of Montreal priced $11,000 of 0% notes due Oct. 7, 2016 linked to a basket of stocks selected by Ameriprise Financial Services, Inc.’s investment research group for its sustainable and responsible investing equity focus list, according to a 424B2 filing with the Securities and Exchange Commission.
The 14 reference shares are Apple Inc., ACE Ltd., Bank of America Corp., Costco Wholesale Corp., Walt Disney Co., Ford Motor Co., Johnson & Johnson, Kimberly-Clark Corp., Coca-Cola Co., Kroger Co., Starbucks Corp., Waste Management, Inc., WhiteWave Foods Co. and Xylem Inc.
The payout at maturity will be par of $1,000 times the basket level percentage times 97.6%.
The basket level percentage is the sum of the weighted reference share performances, which include the payment of dividends.
The basket level percentage must exceed 102.46% to break even.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Notes
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| Underlying stocks: | Apple Inc. (Symbol: AAPL), ACE Ltd. (Symbol: ACE), Bank of America Corp. (Symbol: BAC), Costco Wholesale Corp. (Symbol: COST), Walt Disney Co. (Symbol: DIS), Ford Motor Co. (Symbol: F), Johnson & Johnson (Symbol: JNJ), Kimberly-Clark Corp. (Symbol: KMB), Coca-Cola Co. (Symbol: KO), Kroger Co. (Symbol: KR), Starbucks Corp. (Symbol: SBUX), Waste Management, Inc. (Symbol: WM), WhiteWave Foods Co. (Symbol: WWAV) and Xylem Inc. (Symbol: XYL)
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| Amount: | $11,000
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| Maturity: | Oct. 7, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par times 97.6% times the basket level percentage
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| Basket level percentage: | Sum of weighted reference share performances, which include payment of dividends
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Agent: | BMO Capital Markets Corp.
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| Fees: | 1.9%
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| Cusip: | 06366RZ24
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