BMO plans autocallable cash-settled notes on index, ETFs

By Sarah Lizee

Olympia, Wash., Feb. 10 – Bank of Montreal plans to price autocallable cash-settled notes with contingent interest payments due Feb. 14, 2022 linked to the least performing of the Euro Stoxx 50 index, the iShares MSCI Emerging Markets ETF and the iShares China Large-Cap ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly at an annual rate of 7% if each asset closes above its 65% coupon barrier on the observation date for that quarter.

The notes will be called at par if each asset closes at or above its initial level on any quarterly review date beginning May 11.

The payout at maturity will be par unless any asset finishes below its 65% trigger level, 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 Feb. 11.

The Cusip number is 06367WWD1.

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