New Issue: BMO sells $155,000 autocallable barrier notes on S&P 500, Nasdaq-100

By Wendy Van Sickle

Columbus, Ohio, Sept. 29 – Bank of Montreal priced $155,000 of 5% autocallable barrier notes due Dec. 31, 2021 linked to the S&P 500 index and the Nasdaq 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be automatically redeemed at par plus the contingent coupon if each underlying closes above its initial level on any monthly call date starting March 26, 2021.

If the notes are not called, the payout at maturity will be par unless the final level of either underlying is less than the 70% trigger level, in which case investors will lose 1% for each 1% decline from the initial level of the least performing asset.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Autocallable barrier notes
Underlying assets:	S&P 500 index, Nasdaq 100 index
Amount:	$155,000
Maturity:	Dec. 31, 2021
Coupon:	5% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless the final level of either asset is less than the trigger level, in which case 1% loss for each 1% decline from the initial level of the least performing asset
Call:	At par plus contingent coupon if assets close at or above initial values on any monthly call date starting March 26, 2021
Initial values:	3,298.46 for S&P, 11,151.13 for Nasdaq
Trigger levels:	2,308.92 for S&P, 7,805.79 for Nasdaq; 70% of initial values
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agent:	BMO Capital Markets Corp.
Fees:	2.25%
Cusip:	06367W4K6

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