Every 424B that MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow BERZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BERZ filings page.
Bank of Montreal priced $561,000 Senior Medium-Term Notes, Series K, an autocallable, memory-coupon structured note due March 09, 2028. The notes pay contingent quarterly coupons at a 3.1325% rate (approximately 12.53% per annum) if each reference asset meets its coupon barrier on observation dates.
The notes are linked to the least performing of the S&P 500® (SPX), Russell 2000® (RTY) and the State Street SPDR S&P Oil & Gas E&P ETF (XOP). Coupon and trigger levels are set at 70.00% of each Initial Level. Automatic redemption occurs if on any observation date each asset is at or above 100.00% of its Initial Level. Estimated initial value was $966.32 per $1,000 principal on the pricing date.
Bank of Montreal priced US$1,987,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®, due March 09, 2029. The notes pay a contingent coupon of 0.9833% per month (approximately 11.80% per annum) if each reference asset closes on a Coupon Observation Date at or above its Coupon Barrier Level, and include an automatic redemption feature on specified Call Observation Dates.
The payment at maturity, if not auto‑redeemed, depends on the Percentage Change of the Least Performing Reference Asset; if a Trigger Event occurs the maturity payout equals $1,000 + [$1,000 x Percentage Change of the Least Performing Reference Asset]. The pricing supplement states an estimated initial value of $983.29 per $1,000 principal amount on the Pricing Date (March 04, 2026).
Bank of Montreal priced US$882,000 Senior Medium‑Term Notes, Series K — callable Barrier Notes linked to the least performing of the S&P 500®, Russell 2000® and the Dow Jones Industrial Average®. The notes pay contingent quarterly coupons of 2.5875% per quarter (≈10.35% per annum) if each reference asset on an observation date is ≥ its coupon barrier, have an issuer call beginning September 8, 2026, and mature on March 11, 2030. The pricing supplement states an estimated initial value of $984.43 per $1,000 principal on the pricing date and explains final principal at maturity depends on the performance of the least performing reference asset, with defined coupon barrier (75%) and trigger level (65%) thresholds.
Bank of Montreal issues US$3,309,000 Senior Medium-Term Notes, Series K (Buffer Notes) due March 09, 2029. The notes provide 85.00% upside participation on any appreciation of the State Street SPDR S&P 500 ETF Trust (SPY) and a 20.00% principal buffer against declines; losses beyond the buffer reduce principal dollar-for-dollar, up to an 80.00% loss. The notes are unsubordinated, non‑interest bearing, payable in cash only, subject to Bank of Montreal credit risk, issued in minimum denominations of $1,000, and were sold at a total public offering price of $3,309,000.
Bank of Montreal is offering US$831,000 Senior Medium-Term Notes, Series K Buffer Notes due March 09, 2029, linked to the shares of the SPDR® Gold Trust ("GLD"). The notes provide 82.00% upside participation on appreciation and include a 10.00% downside buffer: investors receive full principal at maturity if GLD does not fall more than 10.00% from the Initial Level ($468.14 on March 03, 2026), but lose 1 of principal for each 1 decline beyond the buffer, up to a 90.00% principal loss. The notes pay no interest, are unsecured obligations subject to Bank of Montreal credit risk, issued in minimum denominations of $1,000, and were priced to the public at 100% with an estimated initial value of $981.62 per $1,000.
Bank of Montreal priced US$536,000 Senior Medium‑Term Notes, Series K, an Autocallable Barrier Note with Memory Coupons linked to the least performing of the common stock of Tesla, Inc. and NVIDIA Corporation.
Key terms: Pricing Date March 04, 2026, Settlement Date March 09, 2026, Valuation Date March 06, 2028, Maturity Date March 09, 2028. Contingent Coupon equals 2.0667% per month (approximately 24.80% per annum) or $20.667 per $1,000 when payable; Memory Coupon feature permits payment of previously unpaid coupons if future observation conditions are met. Automatic redemption may occur beginning on June 04, 2026 if each reference asset equals or exceeds its Call Level (100% of initial level) on an Observation Date. At maturity, if a Trigger Event occurred (final level of any Reference Asset below its Trigger Level of 55.00% of initial), the cash payment equals $1,000 plus the percentage change of the least performing asset, which can be less than principal. The estimated initial value on the Pricing Date was $979.68 per $1,000 in principal amount.
Bank of Montreal prices US$2,317,000 Series K senior medium-term notes — Autocallable Barrier Notes with Memory Coupons linked to the least performing of the common stock of Tesla, Inc. and NVIDIA Corporation. The notes were priced on March 04, 2026, settle on March 09, 2026 and mature on March 09, 2028. They pay a contingent monthly coupon of 1.8167% (about 21.80% per annum) when each reference asset closes at or above its coupon barrier, feature a Memory Coupon to catch up unpaid coupons, and can be automatically redeemed beginning on June 04, 2026 if both reference assets close at or above their Call Level. At maturity investors receive principal unless a Trigger Event occurs (Final Level below 55% of Initial Level for the least performing asset), in which case the cash payment equals $1,000 plus the percentage change of the least performing asset, which may be less than the principal. The pricing supplement states an estimated initial value of $962.78 per $1,000 principal amount.
Bank of Montreal is offering market-linked, auto-callable senior medium-term notes due March 16, 2027 linked to the lowest performing share of GE, INTC and JPM. The original offering price is $1,000 with an estimated initial value of $979 (not less than $929). The securities pay monthly contingent coupons at a rate set on pricing date, with a minimum contingent coupon rate of 16.50% per annum, are subject to automatic call if the lowest performing Underlier meets its call threshold on scheduled calculation days, and provide a downside threshold of 50% of starting value at maturity. Agent discount is $15.75 per security and proceeds to the issuer are $984.25 per security. Payments are unsecured obligations of Bank of Montreal and subject to issuer credit risk.
Bank of Montreal is offering principal-protected-style contingent notes linked to the S&P 500® Index under a preliminary pricing supplement, subject to completion. Each note has a $1,000 principal amount and a threshold level equal to 85.00% of the initial underlier level; if the final level is at or above that threshold you would receive a preset threshold settlement amount expected to be between $1,155.80 and $1,183.20 per $1,000. If the final level is below the threshold you lose approximately 1.1765% of principal for every 1% the final level is below the threshold, so you could lose some or all principal. The notes do not pay interest, are expected to mature roughly 25–28 months after the trade date, will not be listed on an exchange, have an estimated initial value of $969.00–$999.00 per $1,000, and are unsecured obligations subject to Bank of Montreal credit risk.
Bank of Montreal priced Senior Medium-Term Notes, Series K — redeemable fixed-rate notes with a $1,000 principal per note and a 4.50% annual interest rate. The Notes have an Issue Date of March 18, 2026 and a stated maturity of March 18, 2031.
The Notes pay interest semi‑annually on each March 18 and September 18, are redeemable in whole on semi‑annual Optional Redemption Dates beginning March 18, 2027, and will not be listed on any exchange. The original issue price is $1,000.00 per Note with an underwriting discount of $15.00, leaving proceeds to Bank of Montreal of $985.00 per Note. The Notes are bail-inable and subject to conversion under subsection 39.2(2.3) of the CDIC Act into common shares of Bank of Montreal or an affiliate.
Bank of Montreal is offering additional notes under Amendment No. 13 dated March 4, 2026, adding $500,080,000 aggregate principal amount of its Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs due June 28, 2041. After issuance, the tranche is expected to have $1,250,000,000 aggregate principal outstanding as of March 5, 2026.
Each note has a principal amount of $2,500 after reverse splits. The notes provide a daily-resetting -3x inverse exposure to the Solactive Oil & Gas Exploration & Production Index, carry a 0.95% per annum Daily Investor Fee, may be subject to negative Daily Interest (US Federal Funds Effective Rate minus an Interest Rate Spread up to 4.00%), and a 0.125% Redemption Fee Amount on elective redemptions. The notes are unsecured obligations of Bank of Montreal and are intended as short‑term, daily trading tools rather than buy‑and‑hold investments.
Bank of Montreal is offering Accelerated Return Notes linked to the Energy Select Sector SPDR Fund (ticker XLE) with a $10 principal per unit and an approximate 14‑month term maturing in May, 2027. The notes provide a leveraged upside with a Participation Rate of 300% up to a Capped Value in the range of $12.25 to $12.65 per unit (actual cap set on the pricing date). The initial estimated value is expected to be between $9.00 and $9.41 per unit; the public offering price is $10.00 per unit, less an underwriting discount of $0.175 and a hedging related charge of about $0.05 per unit. Payments at maturity depend on the Starting and Ending Values of the Underlying Fund; investors bear BMO credit risk and may lose some or all principal if the Ending Value is below the Starting Value.
Bank of Montreal is offering US$5,796,000 of Senior Medium‑Term Notes, Series K: Autocallable Barrier Notes with Contingent Coupons linked to the least performing of the S&P 500®, NASDAQ‑100® and Russell 2000®. The notes were priced on March 03, 2026, settle on March 06, 2026, carry a Contingent Interest Rate of 0.975% per month (approximately 11.70% per annum) and mature on February 07, 2028.
The notes are autocallable beginning on June 03, 2026 if each Reference Asset closes at or above its Call Level (100% of Initial Level) on an Observation Date. If not called, payment at maturity depends on the Least Performing Reference Asset: investors receive $1,000 per $1,000 unless a Trigger Event (Final Level below 70.00% of Initial Level) occurs, in which case the maturity payment equals $1,000 plus the percentage change of the Least Performing Reference Asset, which may be less than principal and could be zero. The estimated initial value was $986.42 per $1,000.
Bank of Montreal is offering $4,238,000 of Senior Medium-Term Notes, Series K — Digital Return Barrier Notes due April 06, 2027 linked to the least performing of the S&P 500® and the Dow Jones Industrial Average®. If the Least Performing Reference Asset's Final Level is ≥ 71.00% of its Pricing Date level, holders receive the 8.08% Digital Return; if that asset falls below the 71.00% Barrier, holders lose 1% of principal for each 1% decline and may lose up to 100% of principal at maturity.
The notes pay no interest, are unsecured obligations of Bank of Montreal, have an estimated initial value of $987.11 per $1,000 principal, will not be listed, and are subject to issuer credit risk and distribution conflicts identified in the supplement.
Bank of Montreal priced US$860,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of Tesla, Inc. (TSLA). The notes pay contingent quarterly coupons of 3.75% per quarter (approximately 15.00% per annum) if the Reference Asset closes at or above the Coupon Barrier on observation dates and are callable beginning September 03, 2026.
If not called, maturity is September 08, 2028; the Coupon Barrier and Trigger Level are set at $204.06 (52.00% of the Initial Level) and the Call Level is 100% of the Initial Level. At maturity, if the Final Level is below the Trigger Level, payment may be physical delivery of shares or a cash amount based on the Final Level.
Bank of Montreal is offering principal-protected contingent notes linked to the MSCI EAFE Index with a $1,000 principal amount per note and aggregate original issue proceeds of $541,000. The notes trade on March 3, 2026, have an original issue date of March 6, 2026, and a stated maturity date of March 3, 2028 (subject to postponement).
Payment at maturity depends on the index level on the determination date: if the final underlier level is at least 87.50% of the initial level you receive a fixed $1,154.90 per $1,000; if below that threshold you incur losses at a rate of approximately 1.1429% of principal for each 1% the final level is below the threshold. The issuer’s estimated initial value per note was $981.93.
Bank of Montreal is offering equity-linked notes tied to the MSCI EAFE Index with a $1,000 principal amount per note and aggregate original issue amount of $2,544,000. The notes mature on January 14, 2028 (stated maturity, subject to postponement).
Payments at maturity depend on the index performance from the trade date March 3, 2026 to the determination date January 12, 2028. The notes feature a 160% upside participation rate, a cap producing a maximum settlement of $1,247.68 per note, and an 85.00% buffer level (losses occur if final level falls below this buffer). The notes do not pay interest and are unsecured obligations of Bank of Montreal; they are not listed for trading and carry issuer credit risk.
Bank of Montreal is offering Senior Medium-Term Notes, Series K, Redeemable Fixed Rate Notes due March 17, 2031. The Notes pay interest at 4.30% per annum, payable semi‑annually beginning September 17, 2026, with an Issue Date of March 17, 2026.
The Notes are redeemable at the issuer's option on semi‑annual Optional Redemption Dates beginning March 17, 2027, in whole but not in part, at 100% of principal plus accrued interest. The original issue price is $1,000.00 per Note, with an underwriting discount of $15.00 and proceeds to the issuer of $985.00 per Note. The Notes are bail-inable and subject to conversion into common shares under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act.
Bank of Montreal priced a US$13,000,000 issue of Senior Medium‑Term Notes, Series K — Callable Barrier Notes with Contingent Coupons due December 03, 2026, linked to the least performing of the NASDAQ‑100 (NDX), the Russell 2000 (RTY) and the iShares MSCI EAFE ETF (EFA). The notes pay contingent quarterly coupons of 2.60% per quarter (approximately 10.40% per annum) if each reference asset on an Observation Date is at or above its Coupon Barrier (70% of its Initial Level).
If not called, maturity payoff is $1,000 per $1,000 principal unless a Trigger Event occurs: holders then receive $1,000 plus $1,000 times the Percentage Change of the least performing reference asset (which may be less than principal or zero). The issuer may call the notes on any Observation Date beginning November 28, 2025, with payment of principal plus any contingent coupon payable on the Call Settlement Date.
Bank of Montreal offers Senior Medium-Term Notes, Series K Redeemable Fixed Rate Notes due March 18, 2033 with a stated interest rate of 4.55% per annum and $1,000 principal per Note. The notes pay interest semi‑annually on March 18 and September 18, commencing September 18, 2026.
The Notes are redeemable in whole (but not in part) on semi‑annual Optional Redemption Dates from September 18, 2027 through September 18, 2032 at 100% of principal plus accrued interest. The offering price is $1,000.00 per Note, the underwriting discount is $15.00 per Note, and proceeds to Bank of Montreal are $985.00 per Note. The Notes are unsecured, not listed, and are bail‑inable under the CDIC Act, permitting conversion into common shares under specified Canadian resolution powers.
Bank of Montreal priced US$655,000 Senior Medium-Term Notes, Series K: Digital Return Barrier Notes due April 05, 2027. The notes offer a 9.20% digital return if the Least Performing Reference Asset (S&P 500, NASDAQ-100 or Russell 2000) finishes at or above 65.00% of its Pricing Date level. If the Least Performing Reference Asset falls more than 35.00% from its Initial Level, investors lose 1% of principal per 1% decline, potentially losing up to 100% of principal at maturity.
Key dates: Pricing Date February 27, 2026, Settlement March 04, 2026, Valuation Date March 31, 2027, Maturity April 05, 2027. Price to public was 100% and estimated initial value was $982.99 per $1,000 principal. All payments are subject to Bank of Montreal credit risk; notes are unsecured and unlisted.
Bank of Montreal is issuing US$1,521,000 of Senior Medium‑Term Notes, Series K — Capped Barrier Enhanced Return Notes due April 20, 2027 — linked to the Russell 2000® Index. The notes offer 200.00% upside leverage on any index appreciation, capped at a $1,170.00 Maximum Redemption Amount per $1,000 principal.
If the index falls below the Barrier Level of 85.00% of the Initial Level (Initial Level: 2,632.361; Barrier Level: 2,237.507), investors lose 1.00% of principal for each 1.00% decline below the Initial Level and may lose up to 100.00% of principal. Price to public was 100% with an agent commission of 2.00%, proceeds to Bank of Montreal of 98.00%, and an estimated initial value of $970.87 per $1,000.
Bank of Montreal priced US$1,380,000 Senior Medium‑Term Notes, Series K, a structured note maturing on June 04, 2027 linked to the least performing of the S&P 500® and Russell 2000® indices. The notes offer a 12.72% digital return if the Least Performing Reference Asset’s Final Level is at least 75.00% of its Pricing Date level; if that asset falls below 75.00%, investors incur losses equal to the percentage decline, potentially losing up to 100.00% of principal.
Bank of Montreal priced a US$460,000 aggregate offering of Senior Medium-Term Market Linked Notes, Series K, due September 04, 2030, linked to the S&P 500® Index. The notes pay no interest and return at maturity is 1-to-1 on any index appreciation up to a $1,370.00 payment per $1,000 principal (a 37.00% Maximum Return).
The notes have a 100.00% Upside Leverage Factor, an Initial Level of 6,878.88 (pricing date closing level), a Pricing Date of February 27, 2026, Settlement Date March 04, 2026, Valuation Date August 29, 2030, and Maturity Date September 04, 2030. If the Final Level is less than or equal to the Initial Level, investors receive the principal of $1,000 per note. All payments are subject to the credit risk of Bank of Montreal.
Bank of Montreal prices US$1,324,000 Senior Medium‑Term Notes, Series K — Digital Return Barrier Notes due March 04, 2030 linked to the least performing of the S&P 500® and Russell 2000® indices.
The notes pay a Digital Return of 44.00% if the Least Performing Reference Asset’s Final Level is at or above its Digital Barrier Level (set at 100.00% of the Initial Level). If the Least Performing Reference Asset rises by more than the Digital Return, investors receive a one‑to‑one positive return. If the Final Level falls below the Barrier Level (set at 75.00% of Initial Level), investors incur a loss equal to the Percentage Change of the Least Performing Reference Asset and may lose up to 100% of principal.
Pricing Date was February 27, 2026, Settlement Date March 04, 2026, and the issuer’s estimated initial value was $971.72 per $1,000 principal amount.
Bank of Montreal priced US$213,000 of Senior Medium-Term Notes, Series K — Digital Return Barrier Notes due March 04, 2031, linked to the least performing of the S&P 500® and Russell 2000® indices. The notes pay a fixed Digital Return of 44.00% if the least performing index is at or above its Digital Barrier Level (100% of its Initial Level) at the Final Valuation Date, or else pay one-to-one upside above the Digital Return if the least performing index appreciates by more than 44.00%. If the least performing index falls below the Barrier Level (75% of Initial Level), investors lose 1% of principal for each 1% decline below the Initial Level, potentially losing up to 100% of principal at maturity. The notes were offered at 100% of principal, with an agent commission of 3.00% and proceeds to the Bank of 97.00% ($206,610.00 aggregate). All payments are subject to the credit risk of Bank of Montreal and the notes will not be listed on an exchange.
Bank of Montreal priced US$228,000 Senior Medium-Term Notes, Series K, a capped enhanced-return structured note linked to an equally weighted basket of AMZN, TEL and UBER. The notes offer 300.00% upside leverage with a Maximum Redemption Amount of $1,277.50 per $1,000 and mature on September 07, 2027.
Payments are cash-only, subject to Bank of Montreal credit risk, and principal is at risk: if the Basket falls, investors lose 1% for each 1% decline and may lose up to 100% of principal. Pricing Date was February 27, 2026 and Settlement Date is March 04, 2026. The estimated initial value on the Pricing Date was $933.33 per $1,000.
Bank of Montreal is offering US$3,114,000 of Senior Medium-Term Notes, Series K — Digital Return Barrier Notes linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000. The notes mature on April 05, 2027 and pay a 7.80% Digital Return if the Least Performing Reference Asset’s Final Level is at least 60.00% of its Pricing Date level. If that Least Performing Reference Asset declines by more than 40.00% from its Initial Level, investors incur a loss equal to the Percentage Change (1% principal loss per 1% index decline), up to a possible 100% loss of principal. The price to public was 100% and the issuer’s estimated initial value was $982.07 per $1,000. All payments are subject to the credit risk of Bank of Montreal and terms are subject to adjustments for market disruption.
Bank of Montreal priced US$1,027,000 Senior Medium‑Term Notes, Series K, Buffer Enhanced Return Notes due March 05, 2029. The notes offer 1:1 upside exposure to an equally weighted basket of seven tech equities, subject to a Maximum Redemption Amount of $1,636.00 per $1,000 principal.
The structure provides a 10.00% buffer: if the Basket’s Final Level is at or above 90.00% of its Initial Level, investors receive principal only; declines beyond the buffer result in a 1% principal loss for each 1% decline, with potential losses up to 90.00%. The Basket components include AAPL, AMZN, GOOG, META, MSFT, NVDA, TSLA. Pricing Date was February 27, 2026, Settlement on March 04, 2026. All payments are subject to Bank of Montreal credit risk.
Bank of Montreal priced US$1,204,000 Senior Medium-Term Notes, Series K Capped Buffer Notes due March 04, 2027. The one-year notes pay no interest and link returns to the S&P 500® Index with a 100.00% upside participation subject to a Maximum Redemption Amount of $1,065.50 per $1,000 (a 6.55% capped return). If the index declines more than the 30.00% buffer, investors lose 1% of principal for each 1% decline beyond that buffer, with potential principal loss up to 70.00%. Settlement was March 04, 2026 and the valuation date is March 01, 2027. All payments are subject to the credit risk of Bank of Montreal.
Bank of Montreal priced US$285,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due June 04, 2027, linked to the least performing of the S&P 500® and Russell 2000®. The notes pay a contingent coupon of 0.6917% per month (approximately 8.30% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier Level.
If not automatically redeemed, payment at maturity depends on the least performing reference asset: investors receive $1,000 per $1,000 unless a Trigger Event occurs (Final Level below a Trigger Level equal to 75.00% of the Initial Level); in that case payment equals $1,000 plus $1,000 times the Percentage Change of the least performing asset. The estimated initial value on the Pricing Date was $973.08 per $1,000. Terms are subject to adjustment by the calculation agent and market disruption provisions.
Bank of Montreal priced US$858,000 Senior Medium-Term Notes, Series K Barrier Notes with Contingent Coupons due March 04, 2031. The notes are linked to the least performing of the Dow Jones Industrial Average (INDU), the Russell 2000 (RTY) and the S&P 500 (SPX), pay a contingent coupon of 3.825% per semiannual period (approximately 7.65% per annum) if each Reference Asset on an Observation Date is at or above its Coupon Barrier, and mature on March 04, 2031. A Trigger Event occurs if any Reference Asset’s Final Level is below its Trigger Level (each set at 70.00% of its Initial Level). At issuance the estimated initial value was $973.79 per $1,000 principal amount; payment at maturity equals $1,000 unless a Trigger Event occurs, in which case holders receive $1,000 plus the Percentage Change of the least performing Reference Asset applied to principal.
Bank of Montreal priced US$299,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due February 04, 2028, linked to the least performing of the S&P 500®, Russell 2000® and the Nasdaq-100 Technology Sector Indexes. The Pricing Date was February 27, 2026, Settlement Date March 04, 2026, and Valuation Date February 01, 2028. The notes pay contingent monthly coupons of 0.8333% (approximately 10.00% per annum) when each Reference Asset on an Observation Date is >= its Coupon Barrier Level (70.00% of Initial Level). Beginning September 01, 2026, the notes may be automatically redeemed if each Reference Asset is at or above its Call Level (100% of Initial Level) on an Observation Date. At maturity, if not called and if any Reference Asset’s Final Level is below its Trigger Level (70.00% of Initial Level), holders receive $1,000 adjusted by the Percentage Change of the least performing Reference Asset; payments may be less than principal, possibly zero.
Bank of Montreal priced US$614,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Step Up Call Amount due March 04, 2030, linked to the least performing of the NASDAQ-100, Russell 2000 and Dow Jones Industrial Average.
The Pricing Date was February 27, 2026, Settlement Date March 04, 2026, and Valuation Date February 27, 2030. The notes may be automatically redeemed beginning on March 05, 2027 if each Reference Asset equals or exceeds its Call Level (100.00% of Initial Level). Call Amounts per $1,000 range up to $468.00 at maturity observation and represent a return of approximately 11.70% per annum. The Trigger Levels equal 70.00% of each Initial Level. The estimated initial value on the Pricing Date was $972.40 per $1,000 in principal amount.
Bank of Montreal priced US$861,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Salesforce, Inc. (CRM). The notes were priced on February 27, 2026 for settlement on March 04, 2026 and mature on February 28, 2029.
The notes pay a contingent quarterly coupon of 4.75% (approximately 19.00% per annum) if the Reference Asset closes on each Observation Date at or above the Coupon Barrier Level of $155.83 (80.00% of Initial Level). The Initial Level is $194.79. The notes are automatically redeemed beginning on May 26, 2026 if the Reference Asset closing level on an Observation Date is at or above the Call Level (100% of the Initial Level).
At maturity, if the Final Level is below the Trigger Level of $155.83 (80.00% of Initial Level), investors receive $1,000 + ($1,000 × Percentage Change), which may be less than principal. The estimated initial value was $947.13 per $1,000 on the pricing date.
Bank of Montreal priced US$644,000 Senior Medium-Term Notes, Series K, Autocallable Barrier Notes linked to Meta Platforms, Inc. Class A common stock. The notes priced on February 27, 2026, settle March 4, 2026 and mature March 6, 2028. Each $1,000 note pays a contingent quarterly coupon of 2.70% (approximately 10.80% per annum) if the Reference Asset is at or above the Coupon Barrier on Observation Dates. The Initial Level is $648.18, with a Coupon Barrier and Trigger Level of $388.91 (60.00% of Initial Level). Notes auto‑redeem if the Reference Asset is at or above the Call Level (100% of Initial Level) on an Observation Date; if not auto‑redeemed and a Trigger Event occurs, holders may receive shares (or cash) at maturity and could lose principal.
Bank of Montreal issued a pricing supplement for US$2,531,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Uber Technologies, Inc. The notes pay contingent quarterly coupons of 3.75% per quarter (approximately 15.00% per annum) if the Reference Asset closes at or above the Coupon Barrier Level on each Observation Date. The notes may be automatically redeemed if the Reference Asset closes at or above the Call Level on any Observation Date beginning May 26, 2026. If not redeemed, payment at maturity on February 28, 2029 depends on the Reference Asset's Final Level relative to the Trigger Level of $52.79 (70.00% of the Initial Level). The notes pay cash only and have an estimated initial value of $966.29 per $1,000 on the Pricing Date.
Bank of Montreal priced US$3,372,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®. The Pricing Date is February 27, 2026, Settlement Date March 04, 2026, and Maturity Date March 05, 2029. The notes pay a contingent coupon of 0.5833% per month (approximately 7.00% per annum) when each Reference Asset on an Observation Date is at or above its Coupon Barrier Level (70% of initial levels). The notes are autocallable beginning December 02, 2026 if each Reference Asset is at or above 98% of its Initial Level, in which case investors receive principal plus the applicable contingent coupon. If not redeemed, at maturity holders receive $1,000 per $1,000 unless a Trigger Event occurs (Final Level below 70% of Initial Level), in which case the payout equals $1,000 plus $1,000 multiplied by the Percentage Change of the least performing Reference Asset. The estimated initial value on the Pricing Date was $949.38 per $1,000 principal.
Bank of Montreal priced US$947,000 of Senior Medium-Term Notes, Series K: Callable Barrier Notes with Contingent Coupons due February 04, 2028, linked to the S&P 500®, Russell 2000® and the Nasdaq-100 Technology Sector Index.
The notes pay a monthly contingent coupon of 0.8417% (~10.10% per annum) if each reference asset on an Observation Date is at or above its Coupon Barrier (70% of the Initial Level). The notes are callable by the issuer beginning September 01, 2026. At maturity investors receive principal unless a Trigger Event occurs; if a Trigger Event occurs the maturity payment equals $1,000 plus the percentage change of the least performing reference asset, which may result in a loss of principal.
Bank of Montreal priced a US$2,916,000 issuance of Senior Medium-Term Notes, Series K — Callable Barrier Notes due February 04, 2028 linked to the least performing of GDX, NDX and KRE. The Pricing Date is February 27, 2026, with settlement on March 04, 2026 and Valuation Date February 01, 2028.
Notes pay a contingent monthly coupon of 1.6417% (~19.70% per annum) if, on each Observation Date, every Reference Asset is at or above its Coupon Barrier (70% of Initial Level). Trigger Levels are 60% of Initial Level; if any Reference Asset is below its Trigger Level on the Valuation Date, the maturity payment equals $1,000 × (1 + Percentage Change of the Least Performing Reference Asset), which may be less than principal. The issuer may call the notes beginning September 01, 2026. The pricing supplement shows an estimated initial value of $966.86 per $1,000 principal and a public offering price between $992.25 and $1,000 per $1,000.
Bank of Montreal priced US$87,000 in Senior Medium-Term Notes, Series K — Barrier Notes with contingent semiannual coupons linked to the least performing of the Dow Jones Industrial Average, Russell 2000 and S&P 500. The notes price at $1,000 par (cover shows $87,000 aggregate) with a Pricing Date of February 27, 2026, Settlement on March 04, 2026, and Maturity on March 04, 2031.
The notes pay a Contingent Coupon of 3.45% per semiannual period (approx. 6.90% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier (70.00% of Initial Level). At maturity holders receive $1,000 per note unless a Trigger Event occurs; if triggered, final payment equals $1,000 plus the percentage change of the least performing reference asset, which may produce less than principal and could be zero. The pricing supplement discloses an estimated initial value of $946.30 per $1,000 note on the Pricing Date and a selling commission of 3.00% (proceeds to issuer shown as 97.00% of par).
Bank of Montreal (BMO) is offering Accelerated Return Notes® linked to the iShares® Expanded Tech-Software Sector ETF (IGV). Each unit has a $10 principal amount and an expected term of approximately 14 months, maturing in May, 2027. The notes provide a 300% participation rate in positive performance of the Underlying Fund subject to a Capped Value that will be set on the pricing date (indicated range $12.20 to $12.60 per unit). The issuer’s initial estimated value is expected to be in the range of $8.90 to $9.31 per unit, below the public offering price of $10.00; the offering reflects an underwriting discount of $0.175 and a hedging-related charge of $0.05 per unit. Payments depend on the Starting Value and Ending Value of IGV and are subject to BMO credit risk; the notes are not insured by CDIC or FDIC.
Bank of Montreal is offering US$2,309,000 in Senior Medium-Term Notes, Series K: Contingent Risk Absolute Return Buffer Notes linked to the S&P 500® Index. The notes mature on March 06, 2028 and provide 300.00% upside leverage on gains subject to a Maximum Redemption Amount of $1,190.00 per $1,000.
If the index falls but remains at or above a Buffer Level (90.00% of the Initial Level), investors receive a positive protected payout up to a Maximum Downside Redemption Amount of $1,100.00 per $1,000. If the index declines by more than 10.00%, investors lose 1% of principal for each 1% decline beyond the buffer and may lose up to 90.00% of principal. All payments are subject to the credit risk of Bank of Montreal.
Bank of Montreal offers US$735,000 Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®. The notes pay a contingent coupon of $9.083 per $1,000 monthly (0.9083% per month, approximately 10.90% per annum) when each Reference Asset on an Observation Date is at or above its Coupon Barrier Level. The notes were priced on February 27, 2026, settle on March 04, 2026, have a Valuation Date of March 01, 2028 and mature on March 06, 2028. Beginning December 02, 2026, the issuer may call the notes on Observation Dates; if called, investors receive principal plus any contingent coupon then due. At maturity, if a Trigger Event (Final Level below the Trigger Level for any Reference Asset) occurs, the cash payment equals $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset and may be less than principal. Coupon Barrier Levels are 5,159.16 (SPX), 18,720.03 (NDX) and 1,974.271 (RTY); Trigger Levels are 4,815.22, 17,472.03 and 1,842.653, respectively. The estimated initial value on the Pricing Date was $980.43 per $1,000 principal amount.
Bank of Montreal priced a US$1,900,000 offering of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Contingent Coupons due March 06, 2028.
The notes reference the S&P 500 (SPX), NASDAQ-100 (NDX) and Russell 2000 (RTY), pay a contingent coupon of 0.7917% per month (approximately 9.50% per annum) if each reference asset on an Observation Date is at or above its Coupon Barrier (70% of initial levels), and feature an automatic redemption if all indices are at or above their Call Levels on an Observation Date beginning March 03, 2027.
At maturity, if not auto‑redeemed, payment depends on the Least Performing Reference Asset: investors receive $1,000 per $1,000 principal unless a Trigger Event (Final Level below 63% of initial) occurs; in that case the maturity payment equals $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset. The pricing date was February 27, 2026 and settlement date March 04, 2026. The estimated initial value on the Pricing Date was $985.53 per $1,000 principal.
Bank of Montreal issues US$2,060,000 Senior Medium‑Term Notes, Series K Barrier Notes due April 05, 2027. The notes pay a monthly Coupon of 0.825% (approximately 9.90% per annum) and are linked to the Least Performing of the Russell 2000® (RTY) and the S&P 500® (SPX).
Holders receive $1,000 per $1,000 at maturity unless a Trigger Event occurs during the Monitoring Period; if a Trigger Event occurs and the Final Level of the Least Performing Reference Asset is below its Initial Level, maturity payment equals $1,000 plus the Percentage Change of that asset, which can be less than principal. The Pricing Date was February 27, 2026, Settlement Date March 04, 2026, Valuation Date March 31, 2027, and the estimated initial value was $987.08 per $1,000.
Bank of Montreal priced US$979,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to the State Street SPDR S&P Regional Banking ETF (KRE). The notes mature on March 05, 2029, have a Pricing Date of February 27, 2026, settlement on March 04, 2026, and a Valuation Date of February 28, 2029.
The notes pay a 1.9625% contingent quarterly coupon (approximately 7.85% annualized) if the Reference Asset closes at or above the Coupon Barrier on each Observation Date. The notes are autocallable beginning on September 02, 2026 if the Reference Asset closes at or above the Call Level on an Observation Date. At maturity, if a Trigger Event occurs (Final Level below the Trigger Level, $40.06, equal to 60.00% of the Initial Level), holders receive a cash amount equal to $1,000 plus $1,000 times the Percentage Change; otherwise they receive $1,000.
The estimated initial value on the Pricing Date was $952.53 per $1,000 principal. The public offering price was 100% of principal, with an agent commission of 1.50%.
Bank of Montreal issues US$15,675,000 Series K Buffer Notes linked to the least performing of the Russell 2000® and the S&P 500®. The notes pay a monthly coupon of $6.142 per $1,000 (0.6142% per month, approximately 7.37% per annum), have an estimated initial value of $997.03 per $1,000, a Valuation Date of July 30, 2027, and mature on August 04, 2027.
If on the Valuation Date the Final Level of the Least Performing Reference Asset is below its Buffer Level (80.00% of the Initial Level, i.e., a 20.00% buffer), a Trigger Event occurs and principal at maturity is reduced by 1.25% for each 1% decrease beyond the buffer (Downside Leverage Factor 125.00%), so investors may lose up to 100.00% of principal; final Coupon is still paid.
Bank of Montreal is offering US$5,792,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®. The notes pay a 2.70% contingent coupon per quarter (approximately 10.80% per annum) if each reference asset on an Observation Date is at or above its Coupon Barrier Level (75% of initial level). The Pricing Date was February 27, 2026, Settlement Date March 04, 2026, Valuation Date February 28, 2029, and Maturity Date March 05, 2029. The notes are automatically redeemed beginning on September 02, 2026, if on an Observation Date each reference asset is at or above its Call Level (100% of initial level). At maturity, if a Trigger Event occurs (any Final Level below its Trigger Level of 75% of initial), the cash payment equals $1,000 plus $1,000 times the Percentage Change of the least performing asset, which may be less than principal. The estimated initial value on the Pricing Date was $972.37 per $1,000 principal amount.
Bank of Montreal priced US$355,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of NVIDIA Corporation. The notes pay a Contingent Interest Rate of 4.8125% per quarter (approximately 19.25% per annum) if the Reference Asset closes at or above the Coupon Barrier Level of $124.03 on each Observation Date. The notes may be automatically redeemed if, on any Observation Date beginning June 02, 2026, the closing level of the Reference Asset is at or above the Call Level (100% of the Initial Level); if not called, the payment at maturity on March 05, 2029 depends on the Reference Asset's Final Level versus the Trigger Level of $124.03 (70% of the Initial Level).
The pricing date was February 27, 2026, settlement on March 04, 2026, and the issuer's estimated initial value was $958.27 per $1,000 principal; investors will receive cash only at maturity.