Here are the 424B prospectus supplements from MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) in our archive over the last 12 months, 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 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.
Bank of Montreal offers US$440,000 of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons due March 05, 2029, linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®. The notes pay monthly contingent coupons of 0.8417% per month (approximately 10.10% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier Level (75% of its Initial Level). Beginning September 01, 2027, the issuer may call the notes on an Observation Date; if called investors receive principal plus any contingent coupon due on the Call Settlement Date. At maturity (if not called), if the Final Level of any Reference Asset is below its Trigger Level (70% of Initial Level), investors receive $1,000 × Percentage Change of the Least Performing Reference Asset plus $1,000, which can result in principal loss. The estimated initial value on the Pricing Date was $977.88 per $1,000 in principal amount.
Bank of Montreal priced US$2,329,000 Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Contingent Coupons linked to the State Street SPDR S&P Regional Banking ETF (ticker KRE).
Key terms: Pricing Date February 27, 2026, Settlement March 04, 2026, Maturity March 05, 2029. Contingent coupon is 2.35% per quarter (approximately 9.40% per annum). The Coupon Barrier and Trigger Level are each $40.06 (60.00% of the Initial Level). Estimated initial value on the pricing date is $966.36 per $1,000 principal.
Bank of Montreal priced US$17,278,000 Senior Medium‑Term Notes: Autocallable Barrier Notes with Memory Coupons due March 05, 2029, linked to the least performing of the S&P 500® and the EURO STOXX 50®.
Pricing date was February 27, 2026 with settlement on March 04, 2026. The notes pay a contingent coupon of 2.25% per quarter (approximately 9.00% per annum) equal to $22.50 per $1,000 when each reference asset closes at or above its coupon barrier. Coupon and trigger levels are set at 80.00% of initial levels. Automatic redemption is possible beginning on September 02, 2026 if both references meet their call levels. Estimated initial value was $967.45 per $1,000.
Bank of Montreal priced US$3,236,000 of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons due June 04, 2027. The notes reference the S&P 500, NASDAQ-100 and Russell 2000, pay a contingent coupon of 1.0625% per month if barriers are met, and can autocall beginning September 01, 2026 if each reference asset is at or above its Call Level. Settlement is March 04, 2026, valuation date is June 01, 2027, and the estimated initial value was $989.55 per $1,000 principal.
The notes include a Memory Coupon Feature, Coupon Barrier Levels at 70.00% of initial levels, Trigger Levels at 65.00%, and principal repayment at maturity that may be less than principal if a Trigger Event occurs and the least performing reference asset finishes below its Initial Level.
Bank of Montreal priced US$330,000 Senior Medium-Term Notes, Series K: autocallable barrier notes with memory coupons linked to the least performing of the S&P 500®, Russell 2000® and the Nasdaq-100 Technology Sector.
Pricing Date was February 27, 2026, Settlement Date March 04, 2026, and Maturity Date March 05, 2029. Contingent coupons pay $8.375 per $1,000 at a Contingent Interest Rate of 0.8375% per month (~10.05% annual) when each reference asset is at or above a Coupon Barrier (80% of Initial Level). Trigger levels equal 60% of Initial Levels; a Trigger Event reduces the maturity payment proportionally to the Least Performing Reference Asset. Automatic redemption may occur beginning on March 02, 2027 if all Reference Assets are at or above their Call Levels (100% of Initial Level). The estimated initial value on the Pricing Date was $978.07 per $1,000 principal.
Bank of Montreal priced US$480,000 Senior Medium‑Term Notes, Series K, Contingent Risk Absolute Return Buffer Notes due March 04, 2031, linked to the S&P 500® Futures Excess Return Index. The notes offer an Upside Leverage Factor of 163.00% on positive returns.
Key economics: Buffer Percentage 20.00% (Buffer Level 445.63 vs Initial Level 557.04), a Maximum Downside Redemption Amount of $1,200.00 per $1,000, no interest, not listed, and subject to the issuer credit risk of Bank of Montreal. Price to public aggregated $480,000.00; estimated initial value $987.38 per $1,000.
Bank of Montreal priced US$1,317,000 Senior Medium‑Term Notes, Series K, an autocallable, barrier enhanced‑return note linked to the least performing of the Dow Jones Industrial Average®, NASDAQ‑100® and Russell 2000®.
The notes offer a 175.00% Upside Leverage Factor, a potential automatic redemption on March 05, 2027 with a Call Amount of $187 per $1,000 (approximately 18.70% per annum), and a maturity of March 05, 2029. If not called, repayment at maturity depends on the Least Performing Reference Asset versus its Initial Level and includes a 70.00% Barrier (losses of 1% per 1% decline below the Barrier).
Bank of Montreal is offering US$709,000 Senior Medium-Term Notes, Series K — Digital Return Barrier Notes due March 04, 2031. The notes pay a fixed Digital Return of 62.60% if the S&P 500® Futures Excess Return Index increases up to that level, or a one-to-one upside beyond the Digital Return. If the Reference Asset falls more than 30.00% (Barrier Level = 389.93, 70.00% of the Initial Level), principal is reduced dollar-for-dollar versus the Percentage Change and investors may lose up to 100% of principal.
The Initial Level was 557.04 on the Pricing Date February 27, 2026. Pricing Date: February 27, 2026; Settlement Date: March 04, 2026; Valuation Date: February 27, 2031; Maturity Date: March 04, 2031. The notes do not bear interest, are unsecured obligations of Bank of Montreal, are not exchange listed, and all payments are subject to the issuer’s credit risk. The estimated initial value on the Pricing Date was $960.12 per $1,000 principal; the public offering price was 100%.
Bank of Montreal is offering US$5,377,000 of Senior Medium-Term Market-Linked Notes, Series K due March 06, 2028, linked to the least performing of the S&P 500® and Russell 2000® indices. The notes pay no interest and are designed to provide 1-to-1 positive exposure to appreciation of the least performing reference asset, subject to a capped Maximum Redemption Amount of $1,142.50 per $1,000 (a 14.25% maximum return). If the Final Level of the least performing index is less than or equal to its Initial Level, investors receive the principal amount of $1,000 at maturity. Key dates: Pricing Date February 27, 2026, Settlement Date March 04, 2026, Valuation Date March 01, 2028, Maturity Date March 06, 2028. The notes are unsecured obligations of Bank of Montreal, subject to the issuer’s credit risk; the issuer’s initial estimated value was $986.95 per $1,000, and the public offering price was 100%.
Bank of Montreal is issuing US$2,657,000 of Senior Medium-Term Notes, Series K — Digital Return Barrier Notes due June 04, 2027.
The notes pay a Digital Return of 11.00% if the Final Level of the least performing of the S&P 500® and the Russell 2000® is at or above 75.00% of its Pricing Date level. If that Least Performing Reference Asset falls more than 25.00%, investors lose 1% of principal for each 1% decline, potentially losing up to the full principal. Pricing Date was February 27, 2026, Settlement Date March 04, 2026, Valuation Date June 01, 2027. The issuer’s estimated initial value was $973.11 per $1,000.
Bank of Montreal priced US$846,000 of Senior Medium-Term Notes, Series K: Autocallable Barrier Enhanced Return Notes due March 05, 2029, linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 and the S&P 500. The notes pay no interest and are designed to provide 200.00% upside leverage on the least performing Reference Asset if not called.
The notes can be automatically redeemed beginning on March 05, 2027 if each Reference Asset is above its Call Level; automatic redemption yields principal plus stated Call Amounts (representing approximately 12.20% per annum). If not redeemed and the Least Performing Reference Asset falls below the Barrier Level (70.00% of Initial Level), losses occur on a 1:1 basis below the Barrier, potentially up to total loss of principal at maturity.
Bank of Montreal priced US$1,690,000 of Senior Medium-Term Notes, Series K: Autoca llable Barrier Enhanced Return Notes linked to the S&P 500® Index. The Pricing Date was February 27, 2026, settlement March 04, 2026 and maturity March 05, 2029. The notes feature a Call Date of March 05, 2027 with a Call Amount of $90 per $1,000 (approximately 9.00% per annum). If not called, pay at maturity uses a 125.00% Upside Leverage Factor, an Initial Level of 6,878.88, and a Barrier Level of 4,815.22 (70.00% of Initial Level). The issuer’s estimated initial value was $970.68 per $1,000 and the public offering price was 100%.
Bank of Montreal priced a supplementary offering of US$1,129,000 in Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes linked to the S&P 500® Index. The notes offer 150.00% upside leverage subject to a $1,120.00 Maximum Redemption Amount per $1,000 principal and include an 80.00% buffer (Buffer Percentage 20.00%).
The notes pay at maturity based on the Final Level versus the Initial Level (Initial Level 6,878.88), with investors receiving principal only if the Reference Asset does not decline more than 20.00%. If the Reference Asset declines beyond the buffer, investors lose 1% of principal per 1% decline and could lose up to 80.00% of principal. The public offering price aggregates to 100% (total $1,129,000); the issuer’s estimated initial value was $983.60 per $1,000. All payments are subject to Bank of Montreal credit risk.
Bank of Montreal priced US$1,613,000 of Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes due April 05, 2027 linked to the NASDAQ-100 Index®. The notes offer 200.00% upside leverage subject to a $1,112.00 Maximum Redemption Amount per $1,000 principal.
The notes return full principal at maturity only if the Final Level does not decline more than the 15.00% buffer (Buffer Level = 85.00% of the Initial Level). If the Final Level is below the Buffer Level, investors lose 1% of principal for each 1% decline beyond 15.00%, potentially losing up to 85.00% of principal. The initial estimated value was $983.87 per $1,000, and the public offering price was 100% of principal. All payments are subject to Bank of Montreal credit risk.
Bank of Montreal priced a structured note offering of Market Linked Securities with an original offering price of $1,000 per security and aggregate original offering amount of $5,458,000.00. The securities are auto-callable on March 4, 2027 and mature on March 2, 2029.
Each security links to the lowest performing of the SPDR® Gold Trust (GLD) and the iShares® Silver Trust (SLV). Key terms: a 200% upside participation rate, a 44% call premium if auto-called, and a threshold equal to 60% of each starting value (i.e., a >40% decline in the lowest performing underlier at maturity causes loss of principal).
Bank of Montreal is offering principal-protected contingent notes linked to the S&P 500® Index through a preliminary pricing supplement for a structured note issue. Each note has a $1,000 principal amount and an expected term with a determination date within 15 and 17 months of the trade date and a stated maturity shortly thereafter.
The notes provide an upside participation rate of 200% subject to a cap level expected between 105.85% and 106.86% of the initial underlier level, and a maximum settlement amount expected between $1,117.00 and $1,137.20 per $1,000 note. If the final underlier level declines by up to 12.50% from the initial level, the investor receives the principal; declines beyond that result in a loss equal to approximately 1.1429% of principal for each 1% decline below 87.50%.
The estimated initial value is expected to be between $956.10 and $986.10 per $1,000 note and will be less than the original issue price. The underwriting discount is $12.90, leaving proceeds to the issuer of $987.10 per note. The notes are unsecured obligations of Bank of Montreal, not exchange-listed, and are designed to be held to maturity.
Bank of Montreal is offering Senior Medium-Term Notes, Series K: market-linked, auto-callable securities tied to the U.S. Global Jets ETF (JETS) with a 15% buffer and a stated maturity of March 2, 2029. The pricing date was February 27, 2026 and the starting value of the Underlier was $28.45.
The securities have an original offering price of $1,000 and an estimated initial value of $958.09. Call dates begin March 4, 2027 with a 7.13% call premium and escalate to a final call premium of 21.39% on February 27, 2029. If not called, the maturity payment equals $1,000 × (performance factor + buffer), exposing holders to 1-to-1 downside beyond the 15% buffer (losses up to 85% of face amount).
Bank of Montreal is offering market-linked, auto-callable Senior Medium-Term Notes, Series K, with contingent coupons and principal at risk linked to the lowest performing of the Nasdaq-100, Russell 2000 and S&P 500.
The pricing date is March 6, 2026 and issue date is March 11, 2026. The original offering price is $1,000 per security (face amount $1,000); agent discount is $23.25, leaving proceeds to Bank of Montreal of $976.75 per security. The initial estimated value at this preliminary stage is $965.60 (not less than $915.00). The contingent coupon rate will be set on pricing and will be at least 9.06% per annum, paid monthly if the lowest-performing underlier meets a 75% coupon threshold on each calculation day.
The securities mature on March 9, 2029 unless automatically called on quarterly call dates. At maturity, if the lowest-performing underlier’s ending value is below its downside threshold (70% of starting value), the maturity payment equals $1,000 multiplied by that underlier’s performance factor, exposing holders to losses greater than 30%, potentially to zero. The offering is unsecured and subject to Bank of Montreal credit risk; tax treatment is uncertain for U.S. holders and withholding may apply to non-U.S. holders.
Bank of Montreal priced senior medium-term market-linked notes due March 2, 2029 linked to the lowest performing of the Nasdaq-100, Russell 2000 and S&P 500. The securities have a face amount of $1,000 and an estimated initial value of $969.24 per security on the pricing date.
The notes pay a quarterly contingent coupon at a per annum rate of 10.30% only if the lowest-performing underlier on each calculation day is at or above its coupon threshold (75% of its starting value). The notes are auto-callable if the lowest-performing underlier equals or exceeds its starting value on specified quarterly calculation days; if called, holders receive face amount plus a final contingent coupon. At maturity, if not called, principal is protected only to the extent the lowest-performing underlier's ending value is at least 75% of its starting value; if below, principal is reduced pro rata.
Bank of Montreal prices structured notes linked to the Russell 2000® Index. The offering is of Senior Medium-Term Notes, Series K, with an original offering price of $1,000 per security and an estimated initial value of $967 (not less than $917 at pricing).
The securities mature on April 4, 2028 and pay a cash maturity amount tied to the Russell 2000® Index. Terms include a 200% upside participation rate subject to a minimum maximum return of 24.50% (at least $245), a 10% downside buffer (threshold = 90% of the starting value), and potential loss of up to 90% of principal if the ending value is below the threshold. Agent discount per security is $25.75, with proceeds to Bank of Montreal of $974.25 per security.
Bank of Montreal (BMO) is offering Accelerated Return Notes® linked to the EURO STOXX 50® Index due April 30, 2027. Each unit has a $10.00 principal amount, an approximately 14 months term, a 300% participation rate and a Capped Value of $11.87 per unit (an 18.70% maximum return).
The pricing date initial estimated value was $9.73 per unit while the public offering price is $10.00, reflecting an underwriting discount of $0.175 and a hedging-related charge of $0.05 per unit. The Starting Value for the Index on the pricing date was 6,161.56. Payments, including principal repayment, depend on the Ending Value of the Index and are subject to BMO's credit risk: gains are capped at the Capped Value; losses can include loss of principal if the Index declines.
Bank of Montreal is offering Capped Leveraged Index Return Notes® linked to a basket of four stocks with a $10.00 per‑unit public offering price and aggregate public offering proceeds of $6,997,410.00. The notes mature on February 25, 2028 and pay a leveraged upside subject to a cap.
The notes reference a Basket of CAT, STX, CEG and NI with starting value 100.00, a 200% participation rate and a capped redemption per unit of $17.00 (a 70.00% return over principal). Repayment is subject to BMO's credit risk and fees include a $0.20 underwriting discount and a $0.05 hedging charge per unit.
Bank of Montreal (BMO) is offering Capped Market Index Target-Term Securities® linked to a global equity index basket due February 28, 2031. Each unit has a $10.00 principal amount, a 100% participation rate and a Capped Value of $15.05 per unit (a 50.50% capped return).
The notes provide participation in increases of an unequally weighted Basket (50% Dow Jones Industrial Average®, 25% EURO STOXX 50®, 25% TOPIX®) but return only the principal if the Basket is flat or declines. The initial estimated value at pricing was $9.37 per unit versus the public offering price of $10.00, reflecting an underwriting discount of $0.25 and a hedging related charge of $0.05. All payments are subject to BMO credit risk.
Bank of Montreal is offering Senior Medium-Term Notes, Series K: redeemable fixed-rate notes due March 3, 2031. The notes pay interest at 4.25% per annum, accrue semi‑annually, have a March 13, 2026 issue date and $1,000 principal per note.
The offering price is $1,000.00 per note with an underwriting discount of $15.00 and proceeds to the issuer of $985.00 per note. Notes are redeemable by the issuer on semi‑annual optional redemption dates and are bail‑inable under the CDIC Act, permitting conversion into common shares under subsection 39.2(2.3).
Bank of Montreal is offering US$2,787,000 of Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to the Class A common stock of CrowdStrike Holdings, Inc. (CRWD). The notes were priced on February 26, 2026, settle on March 03, 2026, and mature on March 05, 2029.
Key terms: an Initial Level of $381.10, a quarterly contingent coupon of 3.65% (approximately 14.60% per annum) payable when the Reference Asset closes at or above the Coupon Barrier of $190.55 on an Observation Date. The Coupon Barrier and Trigger Level equal $190.55 (50.00% of the Initial Level). Notes autocall if the Reference Asset closes at or above the Call Level (100% of Initial Level) on an Observation Date. Payment at maturity depends on the Final Level relative to the Trigger Level; if breached, principal is reduced by the Percentage Change.
The public offering price was 100% of principal, estimated initial value was $962.80 per $1,000 principal, Agent’s commission 2.00%, and proceeds to Bank of Montreal 98.00%.