Published on 2/5/2019 in the Prospect News Structured Products Daily.
New Issue: BMO sells $489,000 bullish enhanced notes on Ameriprise IRG Conviction stocks
By Marisa Wong
Morgantown, W.Va., Feb. 5 – Bank of Montreal priced $489,000 of 0% bullish enhanced return notes due Feb. 7, 2020 linked to an equally weighted basket of the equity securities of 10 publicly traded companies in the Ameriprise Investment Research Group (IRG) 2019 Conviction List, according to a 424B2 filing with the Securities and Exchange Commission.
Ameriprise Financial’s senior equity analysts identified the basket companies as the 10 U.S. equity securities that they believe have a relatively high likelihood of outperforming the S&P 500 Total Return index over the next 12 months.
The underlying stocks are American Tower Corp., Cisco Systems, Inc., EOG Resources, Inc., Hasbro, Inc., Humana Inc., JPMorgan Chase & Co., Medtronic, plc, Nvidia Corp., Constellation Brands, Inc. and Wabtec Corp.
The payout at maturity will be par plus 200% of any basket gain, up to a maximum return of 20%.
Investors will be fully exposed to any basket decline.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Bullish enhanced return notes
|
| Underlying stocks: | American Tower Corp. (Symbol: AMT), Cisco Systems, Inc. (Symbol: CSCO), EOG Resources, Inc. (Symbol: EOG), Hasbro, Inc. (Symbol: HAS), Humana Inc. (Symbol: HUM), JPMorgan Chase & Co. (Symbol: JPM), Medtronic, plc (Symbol: MDT), Nvidia Corp. (Symbol: NVDA), Constellation Brands, Inc. (Symbol: STZ) and Wabtec Corp. (Symbol: WAB); equally weighted
|
| Amount: | $489,000
|
| Maturity: | Feb. 7, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any basket gain, up to a maximum return of 20%; full exposure to losses
|
| Initial prices: | $168.05 for American Tower, $45.75 for Cisco, $98.10 for EOG, $90.73 for Hasbro, $301.63 for Humana, $103.88 for JPMorgan, $86.42 for Medtronic, $138.01 for Nvidia, $167.90 for Constellation, $67.30 for Wabtec
|
| Pricing date: | Jan. 28
|
| Settlement date: | Jan. 31
|
| Agent: | BMO Capital Markets Corp.
|
| Fees: | 1.66%
|
| Cusip: | 06367WGL1
|
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