Bank of Montreal plans tracking notes tied to Morningstar MLP Composite

By Susanna Moon

Chicago, Jan. 6 – Bank of Montreal plans to price tracking notes due Feb. 5, 2016 linked to the Morningstar MLP Composite index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes may pay a quarterly coupon based on the cash distributions made on the securities included in the underlying asset.

The payout at maturity will be par plus 98% of the index return minus an investor fee of 0.5%.

BMO Capital Markets Corp. is the agent.

The notes will price on Jan. 27 and settle on Jan. 30.

The Cusip number is 06366RYV1.

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