New Issue: BMO sells $1 million 14.01% autocallable cash-settled notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, March 20 – Bank of Montreal priced $1 million of 14.01% autocallable cash-settled notes with fixed interest payments due March 15, 2021 linked to the least 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 quarterly.

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

The payout at maturity will be par unless any index finishes below its 65% trigger level on any day during the life of the notes, in which case investors will be fully exposed to any losses of the least-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:	$1 million
Maturity:	March 15, 2021
Coupon:	14.01%, payable quarterly
Price:	Par
Payout at maturity:	Par unless any index finishes below trigger level, in which full exposure to any losses of least-performing index
Call:	At par if each index closes above its initial level on any quarterly call date	after six months
Initial levels:	8,372.266 for Nasdaq, 2,882.23 for S&P, 1,350.898 for Russell
Triggers:	5,441.973 for Nasdaq, 1,873.45 for S&P, 878.084 for Russell, 65% of initial levels
Pricing date:	March 10
Settlement date:	March 13
Agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06367WYG2

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