BMO to price autocallable cash-settled notes on U.S. Real Estate fund

By Devika Patel

Knoxville, Tenn., Dec. 14 – Bank of Montreal plans to price 0% autocallable cash-settled notes with step up call price due Dec. 31, 2019 linked to iShares U.S. Real Estate exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a 10.5% annualized call premium if the fund closes above its initial level on any of the three annual call dates.

The payout at maturity will be par unless the fund finishes below the 85% trigger level, in which case investors will lose 1% for each 1% decline.

BMO Capital Markets Corp. is the agent.

The notes (Cusip: 06367TPG9) will price on Dec. 22 and settle on Dec. 30.

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