BMO plans notes tied to Cisco, Coke, Pfizer, Procter & Gamble, Verizon

By Angela McDaniels

Tacoma, Wash., Dec. 9 – Bank of Montreal plans to price 0% notes due Jan. 5, 2018 linked to the common stocks of Cisco Systems, Inc., Coca-Cola Co., Pfizer Inc., Procter & Gamble Co. and Verizon Communications Inc., according to an FWP filing with the Securities and Exchange Commission.

For each $1,000 principal amount, the payout at maturity will be (a) $1,000 multiplied by (b) the basket level percentage multiplied by (c) 98.1%. Because the participation rate is less than 100%, the basket level percentage must exceed 101.94% in order for investors to receive more than par.

For each stock, the final share price will be the sum of its closing share price on Jan. 2, 2018 and the amount of dividends paid on that stock during the life of the notes.

BMO Capital Markets Corp. is the agent.

The notes will settle Dec. 28.

The Cusip number is 06367TPV6.

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