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Published on 2/12/2015 in the Prospect News Structured Products Daily.

Bank of Montreal plans bullish enhanced return notes linked to stocks

By Susanna Moon

Chicago, Feb. 12 – Bank of Montreal plans to price 0% bullish enhanced return notes due Feb. 28, 2018 linked to a basket of 15 equally weighted stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are 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 127.5% to 137.5% of any gain in the basket.

Investors will be 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 on Feb. 25 and settle on Feb. 27.

The Cusip number is 06366RB20.


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