By Susanna Moon
Chicago, Jan. 29 – Bank of Montreal priced $1.29 million of 0% notes due Feb. 5, 2016 linked to the BMO Q-30 Strategy, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be the indicative note value on the final valuation date.
The indicative note value will be the return on a hypothetical investment of $1,000 multiplied by the participation rate of 98%, or $980, including changes in the value of the portfolio shares and the dividends paid. Also, on each trading day, the indicative note value will be reduced by an investor fee that will accrue at the rate of 0.5% per year.
The strategy creates a hypothetical portfolio of stocks selected from the S&P 500 index. The strategy was designed to find those companies that have growth potential, based on the strategy’s financial metrics. The portfolio will initially be an equally weighted basket of the top 30 ranked securities as determined by the strategy. The calculation agent will adjust the stocks included in the portfolio on a daily basis.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Notes
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| Underlying: | BMO Q-30 Strategy
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| Amount: | $1.29 million
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| Maturity: | Feb. 5, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Indicative note value will be the return on a hypothetical investment of $1,000 multiplied by the participation rate of 98%, or $980, including changes in the value of the portfolio shares and the dividends paid; also, on each trading day, the indicative note value will be reduced by 0.5% per year
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| Pricing date: | Jan. 27
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| Settlement date: | Jan. 30
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| Agent: | BMO Capital Markets Corp.
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| Fees: | 2%
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| Cusip: | 06366RYU3
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