This is an ornament that I duplicated and mirrored to create one of my tote bag monograms, but even alone it would be a good basis for adding letters on either side of it... or even stacked on one side only. Just depends on the situation.

We've got a low stitch count here, coming in at 6,336.

Width: 1.69
Height: 5.34

Probably need to get out an oval hoop for this one, unless you have a 21cm round one on hand.