New Issue: BMO prices $68.83 million notes on Raymond James Best Picks for 2018

By Marisa Wong

Morgantown, W.Va., Jan. 25 – Bank of Montreal priced $68,828,000 of 0% notes due Jan. 28, 2019 linked to a basket of equally weighted stocks selected as Raymond James Analysts’ Best Picks for 2018, according to a 424B2 filing with the Securities and Exchange Commission.

In December of each year, the equity research department at Raymond James selects its best picks for the following calendar year. Raymond James’ goal in selecting its best picks is to identify stocks that will be able to sustain operational growth and price appreciation over a 12-month period.

The reference shares are Alaska Air Group, Inc., Broadcom Ltd., Alibaba Group Holding Ltd., Becton, Dickinson and Co., Continental Resources Inc., Dollar Tree, Inc., Fastenal Co., First Horizon National Corp., FLIR Systems, Inc., ICU Medical, Inc., Progressive Corp., ProPetro Holding Corp., ServiceNow, Inc., SS&C Technologies Holdings, Inc., SVB Financial Group, UnitedHealth Group Inc. and Weyerhaeuser Co.

For each $1,000 principal amount, the payout at maturity will be (a) $1,000 multiplied by (b) the basket level percentage – the sum of the weighted reference share performances – multiplied by (c) 97.8%. Because the participation rate is less than 100%, the basket level percentage must exceed 102.25% in order for investors to receive more than par.

For each stock, the initial share price is that stock’s average intraday pricings on the four trading days ended Jan. 24. The final share price will be the sum of the average of that stock’s closing share prices on the four trading days ending Jan. 24, 2019 and the amount of dividends paid on that stock during the life of the notes.

BMO Capital Markets Corp. is the agent. Raymond James will handle distribution.

Issuer:	Bank of Montreal
Issue:	Notes linked to Raymond James Analysts’ Best Picks for 2018
Underlying stocks:	Alaska Air Group, Inc. (Symbol: ALK), Broadcom Ltd. (Symbol: AVGO), Alibaba Group Holding Ltd. (Symbol: BABA), Becton, Dickinson and Co. (Symbol: BDX), Continental Resources Inc. (Symbol: CLR), Dollar Tree, Inc. (Symbol: DLTR), Fastenal Co. (Symbol: FAST), First Horizon National Corp. (Symbol: FHN), FLIR Systems, Inc. (Symbol: FLIR), ICU Medical, Inc. (Symbol: ICUI), Progressive Corp. (Symbol: PGR), ProPetro Holding Corp. (Symbol: PUMP), ServiceNow, Inc. (Symbol: NOW), SS&C Technologies Holdings, Inc. (Symbol: SSNC), SVB Financial Group (Symbol: SIVB), UnitedHealth Group Inc. (Symbol: UNH) and Weyerhaeuser Co. (Symbol: WY); equally weighted
Amount:	$68,828,000
Maturity:	Jan. 28, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	For each $1,000 principal amount, (a) $1,000 multiplied by (b) the basket level percentage – the sum of the weighted reference share performances – multiplied by (c) 97.8%; basket level percentage must exceed 102.25% in order for investors to receive more than par
Initial share price:	Stock’s average intraday pricings on the four trading days ended Jan. 24
Final share price:	Sum of the average of stock’s closing share prices on the four trading days ending Jan. 24, 2019 and the amount of dividends paid on that stock during the life of the notes
Pricing date:	Jan. 19
Settlement date:	Jan. 26
Agents:	BMO Capital Markets Corp. with distribution through Raymond James
Fees:	1.25%
Cusip:	06367TW71

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