Bank of Montreal plans autocallable barrier notes tied to Russell 2000

By Susanna Moon

Chicago, Sept. 5 - Bank of Montreal plans to price autocallable barrier notes with step-up call price due Sept. 30, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 9.75% annualized if the index closes at or above the initial index level on

The payout at maturity will be par unless the index finishes below the 85% barrier level, in which case investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

The notes are expected to price on Sept. 25 and settle on Sept. 30.

The Cusip number is 06366RQV0.

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