BMO plans bullish enhanced notes on Raymond James Best Picks for 2018

By Marisa Wong

Morgantown, W.Va., Feb. 12 – Bank of Montreal plans to price 0% bullish enhanced return notes due June 24, 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.

The payout at maturity will be par plus 200% of any basket gain, with the return capped at 21% to 23%. Investors will be fully exposed to any basket decline.

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

The notes will price on Feb. 16.

The Cusip number is 06367TY61.

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