New Issue: BMO prices $1.76 million 11.52% cash-settled autocallables tied to indexes, funds

By Susanna Moon

Chicago, Nov. 10 – Bank of Montreal priced $1.76 million of 11.52% autocallable cash-settled notes with fixed interest payments due Feb. 8, 2019 linked to the S&P 500 index, the Russell 2000 index, the VanEck Vectors Gold Miners exchange-traded fund and the SPDR Euro Stoxx 50 ETF, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par plus the coupon if each underlying component closes above the initial level on any call date.

The payout at maturity will be par unless either component finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of worse performing index or fund.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Autocallable cash-settled notes with fixed interest payments
Underlying assets:	S&P 500 index, Russell 2000 index, VanEck Vectors Gold Miners ETF and SPDR Euro Stoxx 50 ETF
Amount:	$1.76 million
Maturity:	Feb. 8, 2019
Coupon:	11.52%, payable monthly
Price:	Par
Payout at maturity:	Par unless either component finishes below trigger, in which case 1% loss per 1% decline of worse performing index or fund
Call:	At par plus the coupon if component finishes above its initial level on any call date beginning May 3, 2018
Initial levels:	2,587.84 for S&P, 1,494.910 for Russell, $22.43 for gold fund, $41.66 for Stoxx fund
Trigger levels:	65% of initial levels
Pricing date:	Nov. 3
Settlement date:	Nov. 8
Agent:	BMO Capital Markets Corp.
Fees:	0.25%
Cusip:	06367TQ29

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