New Issue: BMO prices $1.96 million of autocallable barrier notes on gold ETF, indexes

New York, April 8 – Bank of Montreal priced $1.96 million of autocallable barrier notes with contingent coupons due July 11, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 index, and the VanEck Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly at an annual rate of 11% 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 observation date beginning Oct. 7.

The payout at maturity will be par unless any asset finishes below its 60% trigger level at any point during the life of the notes, in which case investors be fully exposed to any losses of the least performing asset unless all underliers close above their initial levels in which case the payout will also be par.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Autocallable barrier notes with contingent coupons
Underlying assets:	S&P 500 index, Russell 2000 index and VanEck Vectors Gold Miners ETF
Amount:	$1.96 million
Maturity:	July 11, 2022
Coupon:	11% per year, payable monthly if each asset’s closing level is above coupon barrier level on the observation date for that period
Price:	Par
Payout at maturity:	Par unless any asset finishes initial level; par if no asset closes below its 60% trigger level on any day, in which case, full downside exposure to the least performing asset
Call:	At par plus contingent coupon if each asset close at or above initial levels on any monthly observation date after six months
Initial levels:	4,073.94 for S&P, 2,259.153 for Russell, $34.28 for VanEck Vectors Gold Miners
Coupon barrier levels:	2,648.06 for S&P, 1,468.449 for Russell, $22.28 for VanEck Vectors Gold Miners; 65% of initial levels
Trigger levels:	2,443.36 for S&P, 1,355.492 for Russell, $20.57 for VanEck Vectors Gold Miners; 60% of initial levels
Pricing date:	April 6
Settlement date:	April 9
Agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06368EJ86

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