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Bank of Montreal plans autocallable barrier notes tied to Euro Stoxx
By Susanna Moon
Chicago, July 5 - Bank of Montreal plans to price 0% autocallable barrier notes with step-up call price due July 31, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at a premium of 11.25% per year if the index closes at or above the initial level on any annual call date.
The payout at maturity will be par if the index falls by up to 20%.
Otherwise, investors will be fully exposed to any if the index falls below the 80% trigger level.
BMO Capital Markets Corp. is the agent.
The notes will price on July 26 and settle on July 31.
The Cusip number is 06366RPT6.
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