BMO plans buffered bullish enhanced notes on Ameriprise IRG Conviction List

Chicago, Jan. 8 – Bank of Montreal plans to price 0% buffered 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 an FWP 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 17.5%. If the basket decreases by 5% or less, the payout will be par. Losses beyond 5% will result in a payout equal to a 1% loss for every 1% decline in the basket beyond the 5% buffer.

BMO Capital Markets Corp. is the agent.

The notes will price on Jan. 28 and settle on Jan. 31.

The Cusip number is 06367WGP2.

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