BMO to price cash-settled autocallables on two indexes, two ETFs

By Marisa Wong

Morgantown, W.Va., March 15 – Bank of Montreal plans to price autocallable cash-settled notes with conditional interest payments due June 21, 2019 linked to the least performing of the S&P 500 index, Euro Stoxx 50 index, VanEck Vectors Gold Miners exchange-traded fund and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly at an annual rate of 13.08% if each asset closes at or above its 65% coupon barrier level on the applicable monthly observation date.

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

The payout at maturity will be par unless any asset finishes below its initial level and any asset ever closes below its 65% trigger level during the life of the notes, in which case investors be fully exposed to any losses of the least performing asset.

BMO Capital Markets Corp. is the agent.

The notes will price on March 16.

The Cusip number is 06367T3Z1.

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