BMO plans buffered bullish notes on 10 Ameriprise IRG Conviction stocks

By Marisa Wong

Morgantown, W.Va., Jan. 24 – Bank of Montreal plans to price 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 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 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 9.6%.

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.

The notes will price on Jan. 26.

The Cusip number is 06367TU57.

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