New Issue: BMO sells $3.08 million autocallable barrier notes with contingent coupons on stocks

By Wendy Van Sickle

Columbus, Ohio, April 19 – Bank of Montreal priced $3.08 million of 11.2% autocallable barrier notes due April 20, 2026 linked to the common stocks of Apple Inc., Netflix, Inc. and Johnson & Johnson, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly coupon.

The notes will be automatically redeemed at par if each stock closes at or above its initial level on any quarterly observation date.

If the notes are not called and each stock finishes at or above its 60% trigger level, the payout at maturity will be par plus the final coupon

Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Autocallable barrier notes with contingent coupons
Underlying stocks:	Apple Inc., Netflix, Inc., Johnson & Johnson
Amount:	$3,079,000
Maturity:	April 20, 2026
Coupon:	11.2% per year, payable quarterly
Price:	Par
Payout at maturity:	Par if all stocks finish at or above trigger level; otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level
Call:	At par if stocks close at or above initial levels on any quarterly observation date
Initial levels:	$172.69 for Apple, $607.15 for Netflix, $147.59 for Johnson & Johnson
Trigger levels:	$103.61 for Apple, $364.29 for Netflix, $88.55 for Johnson & Johnson; 60% of initial levels
Pricing date:	April 15
Settlement date:	April 18
Agent:	BMO Capital Markets Corp.
Fees:	1.75%
Cusip:	06369NTW1

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