BMO Harris plans autocallable digital yield CDs linked to 10 stocks

By Angela McDaniels

Tacoma, Wash., March 4 - BMO Harris Bank NA plans to price autocallable annual digital yield generator with minimum interest rate certificates of deposit due March 31, 2023 linked to a basket of common stocks, according to a term sheet.

The equally weighted basket stocks are Altria Group, Inc., Bristol-Myers Squibb Co., Cisco Systems, Inc., CME Group Inc., Kinder Morgan Energy Partners, LP, Lockheed Martin Corp., Maxim Integrated Products, Inc., McDonald's Corp., Monsanto Co. and Wal-Mart Stores, Inc.

The CDs will pay a coupon on March 31 of each year equal to the sum of the weighted stock performances of the basket stocks, subject to a minimum coupon of 0.25%.

If a stock's return is greater than zero, its performance will be 6.5%. If a stock's return is less than or equal to zero, its performance will be the greater of the stock return and negative 10%.

The payout at maturity will be par plus the last coupon payment.

The CDs will be automatically called at par plus the coupon if, on any coupon payment date, the sum of the coupon payments up to and including that date is greater than or equal to $200 per $1,000 deposit amount.

BMO Capital Markets Corp. is the agent.

The CDs are expected to price March 25 and settle March 28.

The Cusip number is 05573JMY7.

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