Bank of Montreal plans autocallable barrier notes linked to Euro Stoxx

By Marisa Wong

Madison, Wis., March 3 - Bank of Montreal plans to price autocallable barrier notes with step-up call price due March 31, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called if the index's closing level is greater than the initial index level on March 26, 2015 or March 28, 2016. The call prices for the call dates are 109% of par and 118% of par, respectively.

If the notes are not called, the payout at maturity will be par unless the final index level is less than the barrier level, 85% of the initial level, in which case investors will lose 1% for every 1% that the final level is less than the initial level.

BMO Capital Markets Corp. is the agent.

The notes will price on March 21 and settle on March 26.

The Cusip number is 06366RTD7.

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