New Issue: BMO sells $155,000 autocallable barrier notes with contingent coupon on Russell, Nasdaq

Chicago, Aug. 8 – Bank of Montreal priced $155,000 of autocallable barrier notes with contingent coupons due March 23, 2023 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 pay a monthly coupon equal to 8.3% per year if each index’s closing level is at least 75% of its initial level on the corresponding observation date.

The notes will be automatically redeemed at par plus the contingent coupon if each index closes at or above its initial level on any monthly observation date after six months.

If the notes have not been called, the payout at maturity will be par plus the final coupon unless either index finishes below its 75% trigger value on any day during the life of the notes or if both indexes finish above their initial levels. Otherwise, investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Autocallable barrier notes with contingent coupons
Underlying indexes:	Nasdaq-100 index, Russell 2000 index
Amount:	$155,000
Maturity:	March 23, 2023
Coupon:	8.3% per year, payable monthly if each index’s closing level is at or above its coupon barrier level on the relevant observation date
Price:	Par
Payout at maturity:	Par plus the final coupon unless either index finishes below its trigger level on any day during the life of the notes or if both indexes finish above their initial levels; otherwise, investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level
Call:	At par plus contingent coupon if indexes close at or above initial levels on any monthly observation date after six months
Initial levels:	2,139.875 for Russell, 15,627.64 for Nasdaq
Coupon barrier levels:	1,604.906 for Russell, 11,720.73 for Nasdaq; 75% of initial levels
Trigger levels:	1,604.906 for Russell, 11,720.73 for Nasdaq; 75% of initial levels
Pricing date:	Dec. 20, 2021
Settlement date:	Dec. 23, 2021
Agent:	BMO Capital Markets Corp.
Fees:	2.25%
Cusip:	06368GAG2

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