New Issue: BMO sells $1.17 million 7.8% cash-settled autocallables tied to indexes

By Susanna Moon

Chicago, June 29 – Bank of Montreal priced $1.17 million of 7.8% autocallable cash-settled notes with fixed interest payments due Sept. 14, 2018 linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each component closes above its initial level on any review date.

The payout at maturity will be par unless any component finishes below its 70% trigger level, in which case investors be fully exposed to any losses of the worst performing component.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Autocallable cash-settled notes with fixed interest payments
Underlying indexes:	Euro Stoxx 50 index and the Russell 2000 index
Amount:	$1.17 million
Maturity:	Sept. 14, 2018
Coupon:	7.8%, payable monthly
Price:	Par
Payout at maturity:	Par unless any component falls below trigger, in which case full exposure to any losses of worst performing component
Call:	At par if each fund closes above initial level on any call date beginning Jan. 10, 2018
Initial levels:	3,586.07 for Stoxx, 1,421.707 for Russell
Trigger levels:	2,510.25 for Stoxx, 995.195 for Russell, 70% of initial levels
Pricing date:	June 9
Settlement date:	June 14
Agent:	BMO Capital Markets Corp.
Fees:	0.75%
Cusip:	06367TXJ4

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