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Published on 10/1/2012 in the Prospect News Structured Products Daily.

Bank of Montreal to price autocallables linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Oct. 1 - Bank of Montreal plans to price 0% autocallable cash-settled notes with step-up call price due Oct. 31, 2014 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically redeemed if the exchange-traded fund's closing share price is greater than the initial share price on any call date. The call return will be 11% if the notes are called on Oct. 28, 2013 and 22% if the notes are called on Oct. 28, 2014.

If the notes are not called, the payout at maturity will be par unless the final share price is less than 85% of the initial share price, in which case investors will be fully exposed to the decline from the initial share price.

The notes are expected to price Oct. 26 and settle Oct. 31.

BMO Capital Markets Corp. is the agent.

The Cusip number is 06366RHV0.


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