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Bank of Advantage Minimum Y.I.E.L.D.® Protected Deposit Notes, Series 6

> Key Features

¾ 5 year term to maturity

¾ Minimum annual interest payment of 0.75%, payable semi-annually

¾ Annual interest ranging from 0.75% to 8.0%, payable semi-annually, based on the price performance of a portfolio of securities of 10 Canadian issuers*

¾ 100% principal protected by BMO as issuer if held to maturity

* The amount of semi-annual interest paid is unlikely to mirror the price performance of the securities in the Benchmark Portfolio since the return cannot exceed 4.00% of the Deposit Amount. > Reference Portfolio

The Reference Portfolio will initially consist of the common shares of 10 Canadian issuers. As of September 20, 2010, the securities in the Reference Portfolio had an average dividend or distribution yield of 3.59% and an average market capitalization of $25.36 billion CAD. The following provides an industry sector breakdown of the Reference Portfolio as well as information on each security, including the TSX and the indicated dividend yield and market capitalization as at September 20, 2010 (Source Bloomberg). The information in the following table is not intended to be, nor should it be construed to be, an indication as to the future dividend or distribution yield of the securities. The Reference Portfolio will not include any dividends or distributions declared on the securities.

Symbol Indicated Market Gross Capitalization Dividend ($ million) Yield Utilities Corporation ABX 1.15% 47,115.44 Energy 10% Consumer, 10% Inc. ENB 3.19% 19,676.14 Cyclical Power Corporation of POW 4.23% 12,572.14 10% Inc. RCI.B 3.22% 22,510.28 Royal of Canada RY 3.70% 76,881.13 Financial Basic Materials 30% Shoppers Drug Mart SC 2.33% 8,199.71 10% Corporation Inc. SLF 5.22% 15,697.58 Corporation T 4.43% 13,860.90 Thomson Corporation TRI 3.06% 32,379.85 Communications 30% TransAlta Corporation TA 5.37% 4,746.37

Source: Bloomberg as of September 20, 2010.

For further information, please contact your Investment Advisor > Hypothetical Return Examples

The following examples demonstrate the calculation of interest on each valuation date in accordance with the Interest Rate Formula and are included for illustration purposes only. The examples are based on hypothetical prices and changes in prices of the securities in the Benchmark Portfolio from the closing date to applicable valuation dates and are not intended as a forecast of future prices of the securities in the Benchmark Portfolio or as a forecast of any payments of interest that may be payable during the term of the Deposit Notes. Each of the scenarios refers to a Holder holding a single Deposit Note and assumes that no Extraordinary Event or Market Disruption Event has occurred. Positive Example - Actual Returns vs.Interest Rate Power Rogers Shoppers Drug Actual vs. Barrick Gold Enbridge Corporation Communications Royal Bank of Mart Sun Life TransAlta Interest Effective Return Corporation Inc. of Canada Inc. Canada Corporation Financial Inc. Telus Corporation Corporation Corporation Average Paid Year 1 First Half Actual Return 10.000% 5.250% 8.130% 20.000% 18.300% 15.400% 6.030% 8.140% 7.650% 1.630% Effective Return 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 4.000% Year 1 Second Half Actual Return 5.000% 2.500% 4.600% 10.000% 15.000% 7.000% 2.000% 1.000% 0.550% 1.780% Effective Return 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 4.000% Year 2 First Half Actual Return 12.330% 7.440% 15.550% 1.560% 12.320% 13.220% 3.030% 0.220% 8.000% 15.850% Effective Return 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 4.000% Year 2 Second Half Actual Return 7.000% 9.600% 12.300% 9.170% 8.630% 16.210% 1.569% 0.450% 6.870% 11.460% Effective Return 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 4.000% Year 3 First Half Actual Return 13.330% -1.030% 12.440% 3.760% -6.000% 22.000% 4.330% 1.090% 14.000% 2.520% Effective Return 3.625% -1.030% 3.625% 3.625% -6.000% 3.625% 3.625% 3.625% 3.625% 3.625% 2.197% 2.572% Year 3 Second Half Actual Return 15.610% 2.980% 16.362% 4.217% 9.632% -8.141% 5.980% 7.236% 12.963% -1.002% Effective Return 3.625% 3.625% 3.625% 3.625% 3.625% -8.141% 3.625% 3.625% 3.625% -1.002% 1.986% 2.361% Year 4 First Half Actual Return 7.880% -2.050% 12.550% 23.980% 25.060% 13.000% 4.000% -2.450% 7.890% 9.650% Effective Return 3.625% -2.050% 3.625% 3.625% 3.625% 3.625% 3.625% -2.450% 3.625% 3.625% 2.450% 2.825% Year 4 Second Half Actual Return 9.630% 6.321% 13.625% 0.500% 21.324% 15.234% -12.569% 0.000% 6.321% 12.748% Effective Return 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% -12.569% 0.000% 3.625% 3.625% 1.643% 2.018% Year 5 First Half Actual Return 11.240% 4.230% 14.030% 20.000% 18.300% 15.550% 5.330% 3.350% 8.990% 4.550% Effective Return 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 4.000% Year 5 Second Half Actual Return 12.360% 9.215% 2.369% 4.589% 7.522% 18.451% 3.552% 2.510% 10.568% 4.789% Effective Return 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 3.625% 4.000% Positive Example – In the example above, for each Deposit Note, an investor would receive semi-annual interest payments of $4.00, $4.00, $4.00, $4.00, $2.57, $2.36, $2.83, $2.02, $4.00 and $4.00 over the term of the Deposit Note (assuming no Extraordinary Event has occurred). This represents a cumulative return of 33.78% of the Deposit Amount, and a semi-annually compounded rate of return of approximately 3.4%. In addition, at Maturity, an investor would receive the Deposit Amount of $100 per Deposit Note, regardless of price performance of the Reference Portfolio. Note that in this example, although the actual returns for certain issuers exceeded 4% in several periods, the corresponding interest rate cannot exceed 4%. Negative Example - Actual Returns vs. Interest Rate Power Rogers Shoppers Drug Actual vs. Barrick Gold Enbridge Corporation Communications Royal Bank of Mart Sun Life Thomson Reuters TransAlta Interest Effective Return Corporation Inc. of Canada Inc. Canada Corporation Financial Inc. Telus Corporation Corporation Corporation Average Paid Year 1 First Half Actual Return -10.000% 3.770% 5.250% -30.000% 7.650% 8.000% 20.000% 18.300% 15.400% -14.555% Effective Return -10.000% 3.625% 3.625% -15.000% 3.625% 3.625% 3.625% 3.625% 3.625% -14.555% -1.418% 0.375% Year 1 Second Half Actual Return -15.269% 5.580% 1.000% -27.000% 9.000% 7.559% 5.021% 2.269% 12.569% -8.967% Effective Return -15.000% 3.625% 3.625% -15.000% 3.625% 3.625% 3.625% 3.625% 3.625% -8.967% -1.359% 0.375% Year 2 First Half Actual Return 3.000% 6.660% 4.110% -22.000% 9.390% 7.110% 6.369% -9.523% -3.697% -7.195% Effective Return 3.625% 3.625% 3.625% -15.000% 3.625% 3.625% 3.625% -9.523% -3.697% -7.195% -1.367% 0.375% Year 2 Second Half Actual Return 4.550% 6.410% 1.020% -19.470% 5.330% 4.890% 7.440% -11.236% -5.938% -6.239% Effective Return 3.625% 3.625% 3.625% -15.000% 3.625% 3.625% 3.625% -11.236% -5.938% -6.239% -1.666% 0.375% Year 3 First Half Actual Return -0.200% -1.030% 15.230% -9.632% -6.321% 12.000% 4.336% -1.096% 17.852% -2.520% Effective Return -0.200% -1.030% 3.625% -9.632% -6.321% 3.625% 3.625% -1.096% 3.625% -2.520% -0.630% 0.375% Year 3 Second Half Actual Return 1.250% 3.256% 1.299% 4.570% -8.754% -9.632% 2.033% -7.563% -11.524% 1.563% Effective Return 3.625% 3.625% 3.625% 3.625% -8.754% -9.632% 3.625% -7.563% -11.524% 3.625% -1.572% 0.375% Year 4 First Half Actual Return 1.021% 2.063% -15.967% -23.569% 12.634% 1.256% 8.967% -8.571% 6.589% 0.630% Effective Return 3.625% 3.625% -15.000% -15.000% 3.625% 3.625% 3.625% -8.571% 3.625% 3.625% -1.320% 0.375% Year 4 Second Half Actual Return 8.960% -12.566% 6.321% 8.962% -4.328% -6.987% 7.520% -3.457% 6.589% 5.412% Effective Return 3.625% -12.566% 3.625% 3.625% -4.328% -6.987% 3.625% -3.457% 3.625% 3.625% -0.559% 0.375% Year 5 First Half Actual Return -8.562% 2.000% -24.956% -10.536% 14.562% -9.875% 5.036% 4.256% 9.661% 7.452% Effective Return -8.562% 3.625% -15.000% -10.536% 3.625% -9.875% 3.625% 3.625% 3.625% 3.625% -2.222% 0.375% Year 5 Second Half Actual Return 1.235% 8.756% -14.030% 15.327% -9.879% 5.236% -9.120% 3.865% 7.895% 5.555% Effective Return 3.625% 3.625% -14.030% 3.625% -9.879% 3.625% -9.120% 3.625% 3.625% 3.625% -0.765% 0.375% Negative Example – In the example above, for each Deposit Note, an investor would receive semi-annual interest payments of $0.375 on each of the ten semi-annual Interest Payment Dates (assuming no Extraordinary Event has occurred). This represents a cumulative return of 3.750% of the Deposit Amount, and a semi-annually compounded rate of return of approximately 0.375%. In addition, at Maturity, an investor would receive the Deposit Amount of $100 per Deposit Note, regardless of the price performance of the Reference Portfolio. A zero or negative effective return on one or more securities in any six-month period will offset positive effective returns on other securities during the same six-month period potentially resulting in interest in that period being the minimum amount of $0.375 per Deposit Note on the relevant interest payment date. > Company Description

Barrick Gold Corp: Barrick Gold Corporation is an international gold company with Shoppers Drug Mart Corp: Shoppers Drug Mart Corporation is a drugstore retailer in operating mines and development projects in the , Canada, South Canada. The Company offers pharmacy services, health information, and beauty America, , and Africa. products. Enbridge Inc.: Enbridge Inc. provides energy transportation, distribution, and related Sun Life Financial Inc.: Sun Life Financial Inc. is an international services in North America and internationally. The Company operates a crude oil and organization providing a diverse range of wealth accumulation and protection products liquids pipeline system, is involved in international energy projects, and is involved in and services. The Company provides insurance, mutual funds, annuities, , natural gas transmission and midstream businesses. Enbridge also distributes natural investment management, trust services, and banking services. Sun Life serves gas and electricity, and provides retail energy products.. individuals and corporate customers worldwide. Power Corporation of Canada: Power Corporation of Canada is a diversified Telus Corporation: Telus Corporation is a telecommunications company providing a management and . The Company has holdings in the financial variety of communications products and services. The Company provides voice, data, services and communications sectors in North America. Power Corp., through Internet, and wireless services to businesses and consumers in Canada. European-based Pargesa Group, invests in communications, utility, industrial, energy, financial services and food companies in Europe. The Company also has diversified Thomson Reuters Corporation: Thomson Reuters Corporation is an electronic interests in Asia. information and solutions company that serves the global business and professional marketplace. The Company provides proprietary online systems and CD-ROM Rogers Communications, Inc.: Rogers Communications, Inc. is a diversified products in information sectors such as legal and regulatory, financial, scientific Canadian communications and media company. The Company’s activities include reference and healthcare, and corporate training. wireless voice and data communications services over its national GSM and HSPA networks; cable television, telephony and high speed Internet access services over its TransAlta Corporation: TransAlta Corporation is a non-regulated electric generation broadband networks; and radio and TV broadcasting, televised shopping, magazines, and marketing company with its growth focused in developing coal and gas-fired and sports entertainment. generation. The Company is currently focused on Australia, Canada, the United States, and Mexico. Royal : is a diversified financial services company. The Company provides personal and commercial banking, services, insurance, corporate and , and transaction processing services. Royal Bank offers its services to personal, business, public sector and institutional clients with operations worldwide. Source: Bloomberg This is only a summary of the Offering and should be read in in read be should and summarythe Offering a is only of This Issuer (the “Bank”).

Rating As of the date of the Information Statement, the deposit liabilities of the Bank with a term to Maturity of more than one year are rated “AA” by DBRS, “A+” by Standard & Poor’s and “Aa2” by Moody’s. The Deposit Notes have not been rated > Summaryand there is no assurance that, if the Deposit Notes were specifically rated by such rating agencies, they would have the same rating as the conventional deposit liabilities of the Bank. The Deposit Notes will not constitute deposits insured under the Canada Deposit Insurance Corporation Act or any other deposit insurance regime designed to ensure the payment of all or a portion of a deposit upon the insolvency of the deposit taking financial institution.

Issue Price $100 per Deposit Note (the “Deposit Amount”).

Selling Period Until November 5, 2010.

Issue Date On or about November 10, 2010.

Maturity Date/Term The Deposit Notes will mature on November 10, 2015 (“Maturity” or “Maturity Date”), resulting in a term to Maturity of 5 years.

Minimum Purchase $2,000 (20 Deposit Notes).

Interest Payments Semi-annual interest on the Deposit Notes will be payable on or about May 10, 2011, November 10, 2011, May 10, 2012, November 12, 2012, May 10, 2013, November 11, 2013, May 12, 2014, November 10, 2014, May 11, 2015 and at Maturity. The semi-annual interest amount will not exceed 4% of the Deposit Amount, will not be less than 0.375% of the Deposit Amount (provided no Extraordinary Event has occurred) and will be based on 0.375% a simple average of the effective return of each security in the Reference Portfolio. The simple average of the effective return of each security in the Reference Portfolio depends on the price performance (adjusted as indicated below) of each security in the Reference Portfolio measured from the date of the issuance to the date approximately three business days before the interest payment date. If the price performance of a security is positive, then for the purpose of the Interest Rate Formula, the effective return of the security is deemed to be 3.625% regardless of the actual price performance of the security. If the price performance of a security is zero or negative, the actual price performance of the security, subject to a lower limit of negative 15%, is used for the purpose of the Interest Rate Formula. If the effective return of one or more of the securities in the Reference Portfolio is negative, this will offset positive effective returns of other securities in the Reference Portfolio, potentially resulting in interest being the minimum amount of 0.375% of the Deposit Amount. with the Information conjunction While the securities in the Reference Portfolio have an average dividend yield of 3.59% and an average market capitalization of $25.36 billion as at September 20, 2010 (Source: Bloomberg), the amount of interest paid will not reflect any dividends or distributions declared on those securities.

Payment at Maturity Subject to the occurrence of certain special circumstances, for each Deposit Note a Holder holds at Maturity, the Holder will receive (i) the Deposit Amount, and (ii) interest at the interest rate determined by applying the Interest Rate Formula as described under “Interest Payments”, above.

Fees and Expenses of Expenses of this offering of $3.00 (3.00%) per Deposit Note will be paid out of the proceeds of this offering to BMO the Offering Nesbitt Burns Inc. for its services as selling agent. The selling agent will pay all or a portion of this amount to qualified selling members for selling the Deposit Notes.

FundSERV Code JHN 910

Secondary Market The Deposit Notes will not be listed on any stock exchange. Moreover, the Bank does not have a right to redeem the Deposit Notes prior to Maturity and a Holder does not have the right to require the Bank to redeem the Deposit Notes prior to Maturity. However, BMO Capital Markets will use reasonable efforts, subject to normal market conditions, to arrange for a secondary market for the sale of Deposit Notes but reserves the right not to do so in the future, without providing prior notice to Holders. Secondary market “redemption” orders and settlements can be made using the 27, 201 dated September Statement FundSERV network. Sale of a Deposit Note prior to Maturity may result in a loss even if the performance of the securities in the Reference Portfolio has been positive.

Early Trading Charge An Early Trading Charge will apply to secondary redemption orders for Deposit Notes placed using the FundSERV network within the first 360 days from the Closing Date, determined as a percentage of the Deposit Amount as follows:

0-60 61-120 121-180 181-240 241-300 301-360 If sold within Thereafter days days days days days days

Early Trading Charge 4.00% 3.25% 2.50% 1.75% 1.00% 0.25% Nil

No CDIC The Deposit Notes are not insured under the Canada Deposit Insurance Corporation Act.

The Deposit Notes are issued by and constitute direct, unconditional obligations of Bank of Montreal. This summary is issued for discussion purposes only to provide an overview of the proposed Deposit Notes and does not constitute investment advice or an offer to sell or a solicitation to purchase. Details of certain risks of investing in the Deposit Notes, as well as complete disclosure of how interest on the Deposit Notes is calculated are contained in the related Information Statement which will be available through your financial advisor or at www.bmosp.com. You should read the Information Statement carefully before investing and discuss all the key features, of the Deposit Notes, including their suitability for you with your financial advisor. The Deposit Notes may not be suitable for all types of investors. The prices and value of the Deposit Notes may fluctuate and/or be adversely affected by a number of factors. The fluctuation of the performance of the underlying securities will directly impact the interest payable, if any, on the

Deposit Notes on each interest payment date. The Deposit Notes will not be listed on any stock exchange. You do not have the right to require Bank of Montreal to redeem the 0 Deposit Notes prior to maturity

Bank of Montreal makes no recommendations concerning equity investments as asset classes or the suitability of investing in securities generally or Deposit Notes in particular. No person has been authorized to give any information or to make any representation not contained in the Information Statement relating to the Deposit Notes and Bank of Montreal does not accept any responsibility for any information not contained in the Information Statement.

“BMO (M-bar roundel symbol)” and “BMO Capital Markets” are registered trade-marks of Bank of Montreal. “Nesbitt Burns” and “Advantage Minimum Y.I.E.L.D.” are registered trade-marks of BMO Nesbitt Burns Corporation Limited used under license.