Published on 2/5/2018 in the Prospect News Structured Products Daily.
New Issue: BMO sells $1.05 million buffered bullish notes on Ameriprise IRG Conviction stocks
By Marisa Wong
Morgantown, W.Va., Feb. 5 – Bank of Montreal priced $1,052,000 of 0% buffered bullish enhanced return notes due Jan. 31, 2019 linked to an equally weighted basket of the equity securities of 10 publicly traded companies in the Ameriprise Investment Research Group (IRG) 2018 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 Alaska Air Group, Inc., Blue Buffalo Pet Products, Inc., Celgene Corp., Centene Corp., EOG Resources, Inc., Home Depot, Inc., Invesco Ltd., MasterCard, Inc., Nvidia Corp. and AT&T Inc.
The payout at maturity will be par plus 200% of any basket gain, up to a maximum return of 13%.
Investors will receive par if the basket falls by up to 5% and will lose 1% for each 1% decline beyond the buffer.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Buffered bullish enhanced return notes
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| Underlying stocks: | Alaska Air Group, Inc. (Symbol: ALK), Blue Buffalo Pet Products, Inc. (Symbol: BUFF), Celgene Corp. (Symbol: CELG), Centene Corp. (Symbol: CNC), EOG Resources, Inc. (Symbol: EOG), Home Depot, Inc. (Symbol: HD), Invesco Ltd. (Symbol: IVZ), MasterCard, Inc. (Symbol: MA), Nvidia Corp. (Symbol: NVDA) and AT&T Inc. (Symbol: T); equally weighted
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| Amount: | $1,052,000
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| Maturity: | Jan. 31, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any basket gain, up to a maximum return of 13%; par if the basket falls by up to 5%; 1% loss for each 1% decline beyond the buffer
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | BMO Capital Markets Corp.
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| Fees: | 0.4%
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| Cusip: | 06367TU73
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