$32,036,000 Senior Medium-Term Notes, Series G Autocallable Barrier Notes with Contingent Coupons Linked to the Least Performing of the Russell 2000 Index and the NASDAQ 100 Index and the Dow Jones Industrial Average due October 31, 2023, priced on October 28, 2021, were issued by Bank of Montreal. The pricing supplement for this note (CUSIP: 06368G2T3) can be found here. The notes had a $1,000 face value and paid a quarterly coupon of $20.25, so long as the notes had not been called and and Russell 2000 Index all closed above 75% of their October 28, 2021 closing prices on a determination date. If and Russell 2000 Index closed below 75% of their October 28, 2021 closing prices on a determination date, the notes did not pay a coupon. If not previously called, at maturity, the notes returned $1,000 in principal if and Russell 2000 Index all closed on the final determination date on October 26, 2023 and above 75% of their October 28, 2021 closing prices. If on October 26, 2023 and Russell 2000 Index closed below 75% of their October 28, 2021 closing prices, the notes paid reduced principal euqal to $1,000 multiplied by the lowest ratio of and Russell 2000 Index October 26, 2023 closing prices to their October 28, 2021 closing prices. The notes have matured. They paid two coupons totaling $141.75 and $721.07 repayment per $1,000 note. Investors thus suffered capital losses of $278.93 and net losses of $137.18.† In the aggregate, investors in this note suffered $8,935,811 in capital losses and $4,394,708 in net losses. See Table 1 and Figure 1.
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