Published on 6/25/2019 in the Prospect News Structured Products Daily.
New Issue: BMO sells $499,000 notes on 19 Raymond James stock picks
By Sarah Lizee
Olympia, Wash., June 25 – Bank of Montreal priced $499,000 of 0% notes due June 28, 2021 linked to an equally weighted basket of 19 common stocks selected in June by Raymond James & Associates, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The reference shares are Allstate Corp., Comcast Corp., CSX Corp., Cubic Corp., Casella Waste Systems, Inc., Fidelity National Information Services, Inc., HD Supply Holdings, Inc., Healthcare Realty Trust Inc., Itron, Inc., NexPoint Residential Trust, Inc., Oracle Corp., Progressive Corp., ProPetro Holding Corp., Construction Partners, Inc., Service Corp. International, AT&T Inc., Union Pacific Corp., Walmart, Inc. and Wintrust Financial Corp.
The payout at maturity will be par plus 96.6% of the basket return. The basket must gain by at least 3.52% in order for the payout to be greater than par.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Notes
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| Underlying basket: | Allstate Corp. (Symbol: ALL), Comcast Corp. (Symbol: CMCSA), CSX Corp. (Symbol: CSX), Cubic Corp. (Symbol: CUB), Casella Waste Systems, Inc. (Symbol: CWST), Fidelity National Information Services, Inc. (Symbol: FIS), HD Supply Holdings, Inc. (Symbol: HDS), Healthcare Realty Trust Inc. (Symbol: HR), Itron, Inc. (Symbol: ITRI), NexPoint Residential Trust, Inc. (Symbol: NXRT), Oracle Corp. (Symbol: ORCL), Progressive Corp. (Symbol: PGR), ProPetro Holding Corp. (Symbol: PUMP), Construction Partners, Inc. (Symbol: ROAD), Service Corp. International (Symbol: SCI), AT&T Inc. (Symbol: T), Union Pacific Corp. (Symbol: UNP), Walmart, Inc. (Symbol: WMT) and Wintrust Financial Corp. (Symbol: WTFC)
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| Amount: | $499,000
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| Maturity: | June 28, 2021
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| Coupon: 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 96.6% of basket return
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| Initial prices: | $101.21 for Allstate, $43.56 for Comcast, $78.67 for CSX, $63.20 for Cubic, $40.37 for Casella, $122.70 for Fidelity, $39.55 for HD Supply, $32.53 for Healthcare Realty. $61.23 for Itron, $40.99 for NexPoint, $56.12 for Oracle, $80.12 for Progressive, $19.39 for ProPetro, $13.92 for Construction Partners, $45.89 for Service Corp., $32.45 for AT&T, $168.87 for Union Pacific, $111.13 for Walmart and $71.42 for Wintrust Financial Corp.
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| Pricing date: | June 21
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| Settlement date: | June 26
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| Agent: | BMO Capital Markets Corp.
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| Fees: | 2%
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| Cusip: | 06367WMA8
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