New Issue: BMO sells $11.61 million 9.24% autocallable cash-settled notes on three indexes

By Sarah Lizee

Olympia, Wash., March 4 – Bank of Montreal priced $11.61 million of 9.24% autocallable cash-settled notes with fixed interest payments due March 4, 2021 linked to the lesser performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each index closes above its initial level on any monthly call date after six months.

The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the lesser-performing index.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Autocallable cash-settled notes with fixed interest payments
Underlying indexes:	Russell 2000, S&P 500, Nasdaq-100
Amount:	$11,611,000
Maturity:	March 4, 2021
Coupon:	9.24%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index finishes below trigger level, in which full exposure to any losses of lesser-performing index
Call:	At par if each index closes above its initial level on any monthly call date after six months
Initial levels:	8,461.835 for Nasdaq, 2,954.22 for S&P, 1,476.431 for Russell
Triggers:	5,923.285 for Nasdaq, 2,067.95 for S&P, 1,033.502 for Russell, 70% of initial levels
Pricing date:	Feb. 28
Settlement date:	March 4
Agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06367WWG4

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