New Issue: BMO sells $1.43 million autocallable buffer notes with step-up call on indexes

By Kiku Steinfeld

Chicago, March 29 – Bank of Montreal priced $1.43 million of 0% autocallable buffer notes with step-up call amount due Sept. 28, 2026 linked to the least performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically redeemed at par plus an annualized call premium of 5% if each index closes above its initial level on any annual observation date.

If the notes are not called, the payout at maturity will be par unless the final level of any index is less than 85% of the initial level, in which case investors will lose 1% for each 1% decline of the worst performer below 15%.

BMO Capital Markets Corp. is the selling agent.

Issuer:	Bank of Montreal
Issue:	Autocallable buffer notes with step-up call amount
Underlying indexes:	Nasdaq-100 index, Russell 2000 index
Amount:	$1,427,000
Maturity:	Sept. 28, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If not called, par unless the final level of any index is less than buffer level, in which case investors will lose 1% for each 1% decline of the worst performer below 15%
Call:	At par plus 5% annualized premium if all indexes finish above their initial levels on any annual observation date
Initial levels:	15,176.51 for Nasdaq, 2,218.561 for Russell
Buffer levels:	12,900.03 for Nasdaq, 1,885.777 for Russell; 85% of initial levels
Pricing date:	Sept. 22
Settlement date:	Sept. 27
Selling agent:	BMO Capital Markets Corp.
Fees:	3.75%
Cusip:	06368EXN7

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