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All New issues

* Bank of Montreal European AutoCallable, Series 938

Additional Informations

Issuer: Bank of Montreal
Securities Offered: Bank of Montreal European AutoCallable Principal At Risk Notes, Series 938.
Issue Price: $100 per Note.
Minimum: 20 Notes ( $2000 ).
Reference Index: EURO STOXX 50 Index
Issuance Date: On or about December 12, 2018.
Maturity Date: December 12, 2023.
Settlement date: Trade date plus 2 days. **All trade are firm orders**
RRSP & TFSA Eligibility: Yes
Term: Approximately 5.0 years.
AutoCall Level: 100% of the Initial Level, triggering the Notes to be automatically called by the Bank if the Closing Level of the Reference Index is unchanged or has increased relative to the Initial Level on any Valuation Date.
AutoCall Feature: The Notes will be automatically called by the Bank if the Closing Level of the Reference Index is equal to or above the AutoCall Level on any Valuation Date. If the AutoCall feature is triggered, Holders will receive payment of the Principal Amount, plus a Variable Return that increases each successive year during the term of the Notes. If the Closing Level of the Reference Index is never equal to or above the AutoCall Level on any Valuation Date, the Notes will not be automatically called by the Bank and there will be no Variable Return paid on the Notes.
Potential return: If the Reference Index closes at or above the AutoCall Level on any Valuation Date, the Notes will be automatically called by the Bank and investors will receive payment of a Fixed Return. Fixed Return in Year 1: 10.50%; Year 2: 21.00%; Year 3: 31.50%; Year 4: 42.00%; Year 5: 52.50% (or an annualized return of 10.50%, 9.96%, 9.54%, 9.16% and 8.80% respectively).
Barrier Level: 70% of the Initial Level, resulting in full principal protection against a decline in the Closing Level of the Reference Index on the Final Valuation Date of up to 30% from the Initial Level.
Principal at Risk: The Securities are not principal protected.
Early Trading Charge: Early trading charge will apply if the Securities are sold prior to 181 days following the issue date.
Secondary Market: JHN12052
Commission received from the Issuer: Desjardins online brokerage will receive a commission of 2.50% of the capital invested.
Subscription close: On or about December 7, 2018.
Offering Document: For more detailed information please refer to this document.
Tutorial video: www.disnat.com/en/structured-notes