MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) 424B Filings

Bank of Montreal (BMO) is offering Accelerated Return Notes® linked to the Invesco S&P 500® Equal Weight ETF (ticker RSP) due April 2027. The notes have a $10.00 principal per unit, a public offering price of $10.00 and an initial estimated value of $9.73 per unit as of the pricing date.

The notes provide a 300% participation rate in positive performance of the Underlying Fund up to a Capped Value of $11.28 per unit (a 12.80% capped return). If the Ending Value is below the Starting Value, investors can lose some or all principal. The Starting Value was $204.73, and the Maturity Valuation Period includes April 21, 2027 through April 27, 2027.

Bank of Montreal priced US$1,520,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due March 03, 2028, linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000.

The notes were priced on February 26, 2026 with a public offering price of 100% ($1,000 per $1,000 principal). Contingent coupons equal 2.7625% per quarter (approximately 11.05% per annum) payable subject to each reference asset closing at or above a 75.00% Coupon Barrier. Automatic redemption is possible beginning August 31, 2026. The estimated initial value on the pricing date was $979.77 per $1,000.

Bank of Montreal priced US$415,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the Class A common stock of Block, Inc. (ticker "XYZ"). The notes pay a 3.625% per quarter contingent coupon (approximately 14.50% per annum) and may be automatically redeemed if the Reference Asset meets the Call Level on an Observation Date.

Key dates: Pricing Date February 26, 2026, Settlement Date March 03, 2026, Valuation Date February 28, 2029, Maturity Date March 05, 2029. Coupon and principal at maturity depend on the Reference Asset's Final Level versus a Trigger Level of $27.27 (50.00% of the Initial Level). Estimated initial value was $947.76 per $1,000 principal amount.

Bank of Montreal priced US$1,280,000 Senior Medium-Term Notes, Series K, Autocallable Barrier Notes with Contingent Coupons linked to the common stock of Moderna, Inc. (MRNA). The notes price at 100% of principal with an agent commission of 2.00% and proceeds to BMO of 98.00%.

Key economics: Initial Level $51.71; Contingent Interest Rate 6.075% per quarter (approximately 24.30% per annum); Coupon Barrier Level and Trigger Level both $25.86 (50.00% of Initial Level). Observation Date is three trading days before each quarterly coupon date; Valuation Date is February 28, 2029; Maturity Date is March 05, 2029. Estimated initial value on the Pricing Date was $947.72 per $1,000 principal.

Bank of Montreal priced a US$425,000 offering of Senior Medium-Term Notes, Series K, Autocallable Barrier Notes linked to the Class A common stock of Datadog, Inc. ("DDOG"). The notes mature on March 05, 2029 with a Pricing Date of February 26, 2026 and Settlement Date of March 03, 2026.

The notes pay a 4.4375% contingent coupon per quarter (approximately 17.75% per annum) if the Reference Asset meets the Coupon Barrier on Observation Dates. The offering price is 100% of principal; Agent’s Commission is 2.00% and proceeds to Bank of Montreal are $416,500. The estimated initial value on the Pricing Date was $955.27 per $1,000 principal amount.

The Coupon Barrier and Trigger Level are each $58.23 (50.00% of the Initial Level). Automatic redemption occurs if the closing level on an Observation Date is at or above the Call Level (100% of Initial Level), beginning with the Observation Date prior to the June 05, 2026 contingent coupon. Payment at maturity is cash only and depends on the Final Level versus the Trigger Level; a Trigger Event (Final Level below Trigger Level) can reduce the principal repaid.

Bank of Montreal issues US$2,065,000 Senior Medium-Term Notes, Series K — Callable Barrier Notes due September 03, 2027. These notes are linked to the least performing of the S&P 500® (SPX), Russell 2000® (RTY) and the Nasdaq-100 Technology Sector (NDXT).

The notes pay contingent monthly coupons of 1.1775% per month (approximately 14.13% per annum) if each Reference Asset on a Coupon Observation Date is at or above its Coupon Barrier (75% of its Initial Level). Pricing Date was February 26, 2026, Settlement Date March 03, 2026, Valuation Date August 31, 2027. The estimated initial value was $980.70 per $1,000 principal amount.

Bank of Montreal is offering non‑interest bearing, principal‑at‑risk structured notes linked to the TOPIX® Index with an original issue price of $1,000 per note and aggregate original issue amount of $1,795,000. The notes mature on March 1, 2028 unless automatically called on the call observation date.

If the TOPIX closing level on the call observation date (initial underlier level: 3,880.34) is greater than or equal to that initial level, each $1,000 note will be redeemed on the call payment date for principal plus a 13.90% call premium. If not called, maturity payoff depends on index performance: an upside participation rate of 200% for positive returns, a full principal return if decline is up to 10.00%, and a downside rate of ~1.1111% loss of principal per 1% decline below 90.00% of the initial level (buffer level 3,492.306).

Bank of Montreal is issuing Capped Leveraged Index Return Notes® linked to the MSCI Emerging Markets, due February 25, 2028. The notes are offered at a public offering price of $10.00 per unit (aggregate $16,439,560.00), with an initial estimated value of $9.65 per unit and an underwriting discount of $0.20 per unit.

The notes provide a 200% participation rate in positive index performance up to a Capped Value of $12.265 per unit (a 22.65% capped return). If the Index finishes below the Threshold Value of 1,457.35 (90% of the Starting Value 1,619.28), holders will incur proportional principal loss. Payments are unsecured and subject to BMO credit risk.

Bank of Montreal is offering Accelerated Return Notes® linked to the Russell 2000® Index due April 30, 2027, in a primary offering of 4,426,385 units at a $10.00 public offering price totaling $44,263,850. Each note has a $10 principal amount, a 300% participation rate, and a Capped Value of $11.978 per unit (a 19.78% capped return). The Starting Value for the Index was 2,677.289 on the pricing date. The Redemption Amount at maturity is based on the average Closing Levels of the Index during the Maturity Valuation Period of April 21, 2027 through April 27, 2027. The notes are senior unsecured obligations of BMO, subject to BMO credit risk, not insured by CDIC or FDIC, not listed, and include an underwriting discount of $0.175 and a hedging related charge of $0.05 per unit. The term sheet warns of market, valuation, index, tax and small-cap risks and notes potential withholding or alternative U.S. tax treatments.

Bank of Montreal issues market‑linked, auto‑callable notes linked to Dow Inc. (DOW) due March 1, 2029. Each security has a face amount and original offering price of $1,000; the issuer’s estimated initial value is $959.17. The notes pay a contingent quarterly coupon at a 13.30% per annum rate if the Underlier meets a coupon threshold of $17.94 on scheduled calculation days. The starting value is $29.90; the downside/coupon threshold equals 60% of the starting value. If not called, maturity pays $1,000 if the ending value is ≥ the downside threshold, otherwise the maturity payment equals $1,000 × (ending value/starting value). Pricing date: February 26, 2026; issue date: March 3, 2026.

Bank of Montreal is offering US$1,360,000 of Senior Medium-Term Notes, Series K — Capped Enhanced Return Notes linked to the S&P 500® Index. The notes pay at maturity based on the index: 200.00% upside leverage on appreciation, capped at a Maximum Redemption Amount of $1,138.40 per $1,000 (a 13.84% return). If the index declines, investors lose 1% of principal for each 1% decline, with potential loss of up to 100.00% of principal. Key dates: Pricing Date February 26, 2026, Settlement Date March 03, 2026, Valuation Date March 31, 2027, Maturity Date April 05, 2027. Notes are unsecured, not listed, issued in $1,000 denominations, sold through BMO Capital Markets Corp., and carry the issuer credit risk of Bank of Montreal. The initial estimated value was $977.94 per $1,000; public price equals $1,000 per note (aggregate $1,360,000), reflecting offering and hedging costs.

Bank of Montreal priced US$1,326,000 of Senior Medium-Term Notes, Series K: Contingent Risk Absolute Return Buffer Notes linked to the common stock of Microsoft Corporation (MSFT). The notes mature on March 03, 2028, have a Pricing Date of February 26, 2026 and a Valuation Date of February 29, 2028.

The notes provide 150.00% upside leverage on any positive Percentage Change in the Reference Asset but cap the payment at a Maximum Redemption Amount of $1,273.00 per $1,000. They include an 80.00% Buffer Level (a 20.00% Buffer Percentage) that yields a positive return if the Final Level is between the Initial Level and the Buffer Level, up to a Maximum Downside Redemption Amount of $1,200.00 per $1,000. If the Reference Asset declines by more than 20.00%, investors lose 1% of principal for each excess 1% decline, potentially losing up to 80.00% of principal. All payments are subject to the credit risk of Bank of Montreal and the notes pay no interest.

Bank of Montreal is offering principal-protected-linked notes tied to the S&P 500® Index with an original issue price of $1,000 per note and total proceeds of $35,136,000. The trade date is February 26, 2026, original issue date March 3, 2026, determination date April 17, 2028 and stated maturity date April 19, 2028.

Holders receive no interest. If the final underlier level is >= 85.00% of the initial level (initial level 6,908.86), each $1,000 note pays the threshold settlement amount of $1,184.00. If the final underlier level is below 85.00%, investors suffer a loss of approximately 1.1765% of principal for each 1% decline below the threshold; principal could be partially or wholly lost. The issuer is unsecured; payments are subject to Bank of Montreal credit risk. The issuer’s estimated initial value per note is $999.76. The notes are not listed and are designed to be held to maturity.

Bank of Montreal priced US$625,000 in Senior Medium-Term Notes, Series K: Digital Return Barrier Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100 Technology Sector Index. The notes pay a 12.35% Digital Return if the Least Performing Reference Asset’s Final Level is ≥ 70.00% of its Pricing Date level.

If the Least Performing Reference Asset falls more than 30.00% from its Initial Level, principal is reduced one-for-one with the percentage decline, so investors may lose up to 100% of principal at maturity on June 03, 2027. The notes are unsecured obligations of the Bank, will not pay interest, will not be listed, and are subject to the Bank’s credit risk. Key dates: Pricing Date February 26, 2026, Settlement Date March 03, 2026, Valuation Date May 28, 2027.

Bank of Montreal is offering US$530,000 in Senior Medium-Term Notes, Series K — Digital Return Barrier Notes due April 05, 2027, linked to the least performing of the S&P 500, Russell 2000 and Nasdaq-100 Technology Sector indices. The notes pay a 10.60% Digital Return if the Least Performing Reference Asset's Final Level is ≥ 70.00% of its Initial Level; if the Least Performing Reference Asset falls below that Barrier Level, investors lose 1% of principal for each 1% decline, up to a total loss of principal.

Key dates: Pricing Date February 26, 2026, Settlement Date March 03, 2026, Valuation Date March 31, 2027. Price to public is 100% (per note), estimated initial value $973.57 per $1,000, and payments are unsecured obligations subject to Bank of Montreal credit risk.

Bank of Montreal priced US$298,000 of Senior Medium‑Term Notes, Series K (Capped Buffer Enhanced Return Notes) linked to the common stock of Incorporated (ticker QCOM). The notes have a Pricing Date of February 26, 2026, Settlement Date March 03, 2026, Valuation Date February 29, 2028 and Maturity Date March 03, 2028.

For each $1,000 principal: investors receive 150.00% upside leverage on any appreciation subject to a Maximum Redemption Amount of $1,514.00 (a 51.40% return). The notes provide an 80.00% buffer level (protecting against the first 20.00% decline); if the Reference Asset declines more than 20.00%, holders lose 1% of principal for each 1% decline beyond the buffer, up to an 80.00% principal loss. The notes pay no interest, are cash‑settled only, are unsecured obligations of Bank of Montreal and are subject to the issuer’s credit risk.

Bank of Montreal priced US$4,330,000 of Senior Medium‑Term Market Linked Notes, Series K, linked to shares of the SPDR® Gold Trust (GLD). The notes pay no interest, mature on March 02, 2027, were priced on February 26, 2026 and settle on March 03, 2026.

The notes provide 125.00% upside leverage on any appreciation of GLD subject to a Maximum Redemption Amount of $1,170.00 per $1,000 (a 17.00% cap). If GLD falls but finishes at or above 90.00% of the Initial Level, investors lose 1% of principal per 1% decline; if GLD finishes below 90.00% of the Initial Level, the maturity payment is $900.00 per $1,000 (a 10.00% loss). The pricing supplement discloses an estimated initial value of $984.33 per $1,000 and a public offering equal to 100% of principal.

Bank of Montreal priced non-interest notes linked to the S&P 500® Index. The notes trade date is February 26, 2026 with an original issue date of March 3, 2026 and a stated maturity date of March 22, 2028. For each $1,000 principal, the notes pay at maturity based on the S&P 500 performance with a 160% upside participation rate capped at a $1,252.00 maximum settlement amount and a 15.00% downside buffer (buffer level = 85.00% of the initial underlier level). The initial underlier level is 6,908.86, and the issuer’s estimated initial value per note is $999.52. The offering totals $22,794,000.00. Payments are subject to the credit risk of Bank of Montreal and the notes are not insured or exchange‑listed.

Bank of Montreal priced Senior Medium-Term Notes, Series K — Redeemable Fixed Rate Notes due March 12, 2031. The Notes are issued at $1,000 per Note with a 4.10% fixed annual interest rate, semi‑annual payments beginning September 12, 2026, and a principal payment of $1,000 per Note at maturity unless redeemed earlier.

The Notes are redeemable in whole on March 12, 2030 at 100% of principal plus accrued interest, and are bail-inable under subsection 39.2(2.3) of the CDIC Act, permitting conversion into common shares under that statutory regime. Original issue price per Note is $1,000.00, underwriting discount is $15.00, and proceeds to Bank of Montreal per Note are $985.00.

Bank of Montreal is offering non‑interest bearing, U.S. dollar cash‑settled notes linked to the S&P 500® Index with a trade date of February 26, 2026 and a stated maturity of June 15, 2027 (determination date June 11, 2027). For each $1,000 principal amount the notes pay: if the final underlier level ≥ cap level, the $1,141.00 maximum settlement amount; if final level > initial but < cap, participation at 150% of the index return up to the cap; if final level ≥ buffer level (90.00% of initial), return of principal ($1,000); if final level < buffer level, losses equal approximately 1.1111% of principal for each 1% the index declines below the buffer. Initial underlier level is 6,908.86. Original issue price is $1,000.00 per note, underwriting discount $12.90, proceeds to the issuer per note $987.10, and the issuer’s estimated initial value is $984.67 per $1,000 principal amount.

The notes are unsecured obligations of Bank of Montreal, are not listed, are designed to be held to maturity, involve issuer credit risk, have limited secondary market liquidity, and have uncertain U.S. federal tax treatment.

Bank of Montreal issues market-linked, auto-callable notes due March 1, 2029. The securities were priced on February 26, 2026 with an original offering price of $1,000 per security and an estimated initial value of $957.94 per security. They pay a contingent monthly coupon at a 23.10% per annum rate (with a memory feature) and are linked to the lowest performing of the common stocks of Amazon.com, Inc., Robinhood Markets, Inc. and Tesla, Inc.. If not auto‑called, the principal at maturity depends on the lowest performing Underlier: full face amount if that Underlier’s ending value is ≥50% of its starting value; otherwise principal is $1,000×performance factor, exposing investors to losses that can exceed 50% and possibly all principal. The securities are unsecured obligations of Bank of Montreal and subject to its credit risk; payments are not FDIC‑insured.

Bank of Montreal priced US$5,045,000 Senior Medium-Term Notes, Series K. The notes are Autocallable Barrier Notes linked to the least performing of the S&P 500® Index, the NASDAQ-100® Index and the Russell 2000® Index.

Key terms: Pricing Date February 26, 2026, Settlement Date February 27, 2026, Valuation Date February 23, 2029, Maturity Date February 28, 2029. Observation dates begin March 2, 2027, and automatic redemption can occur if each Reference Asset closes at or above its Call Level (95% of its Initial Level). Trigger Levels are 70% of each Initial Level; Call Amounts represent approximately 10.75% per annum. The pricing supplement states an estimated initial value of $962.76 per $1,000 principal amount on the Pricing Date.

Bank of Montreal priced US$5,623,000 of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons linked to the common stock of Hewlett Packard Enterprise Company. The Pricing Date was February 26, 2026 with Settlement on February 27, 2026 and Maturity on February 28, 2029.

The notes pay a Contingent Coupon of $29.375 per $1,000 each quarter (a Contingent Interest Rate of 2.9375% per quarter, approximately 11.75% per annum) if the Reference Asset meets the Coupon Barrier of $10.42 (50.00% of the Initial Level). The Initial Level is $20.84. The notes autocall if the Reference Asset closes at or above the Call Level (100% of the Initial Level) on an Observation Date. If not called, maturity payment is $1,000 unless a Trigger Event (Final Level below $10.42) causes reduced cash settlement based on the Percentage Change. Price to public was 100%, Agent’s Commission 2.50%, proceeds to issuer 97.50%, and estimated initial value was $969.59 per $1,000.

Bank of Montreal priced US$2,160,000 Senior Medium-Term Notes, Series K, Autocallable Barrier Notes with Memory Coupons linked to the common stock of Builders FirstSource, Inc. (ticker BLDR), with a Pricing Date of February 26, 2026, Settlement Date February 27, 2026, Valuation Date February 23, 2029 and Maturity Date February 28, 2029. The notes pay contingent quarterly coupons of 2.6875% per quarter (approximately 10.75% per annum) if the Reference Asset closes at or above a Coupon Barrier of $52.28 (50.00% of the Initial Level) on Observation Dates and feature an automatic redemption if the Reference Asset meets the Call Level (100% of the Initial Level) on an Observation Date beginning August 26, 2026. At maturity, if the Final Level is below the Trigger Level ($52.28), investors receive a payment equal to $1,000 plus $1,000 times the Percentage Change, which may be less than principal. The initial estimated value was $953.66 per $1,000 principal.

Bank of Montreal priced US$3,076,000 Senior Medium-Term Notes, Series K: Autocallable Barrier Notes linked to the least performing of the S&P 500® Index and the Russell 2000® Index.

The notes offer a Contingent Interest Rate of 2.0625% per quarter (approximately 8.25% per annum), pay contingent quarterly coupons beginning May 29, 2026, and include an automatic redemption feature beginning on August 26, 2026 if both reference assets close at or above their Call Level (100% of initial levels) on an Observation Date. At maturity on February 28, 2029, if not autocalled, holders receive $1,000 per $1,000 unless a Trigger Event occurs (Final Level < Trigger Level of 75.00% of Initial Level), in which case the repayment 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 $967.66 per $1,000.

Bank of Montreal priced US$736,000 of Senior Medium-Term Notes, Series K, Capped Contingent Risk Absolute Return Barrier Notes linked to the least performing of XLU and XAR. The notes mature on February 28, 2028 and were priced on February 26, 2026.

The notes provide 230.00% Upside Leverage on appreciation of the Least Performing Reference Asset subject to a 50.00% Maximum Return (Maximum Redemption Amount $1,500.00 per $1,000). If the Least Performing Reference Asset declines but remains at or above its 80.00% Barrier Level, investors receive a capped positive payment up to the Maximum Downside Redemption Amount of $1,200.00 per $1,000. If the Final Level is below the Barrier Level, investors lose 1% of principal for each 1% decline and may lose up to 100% of principal. All payments are subject to the credit risk of Bank of Montreal.

Bank of Montreal is offering US$3,000,000 principal of Senior Medium-Term Notes, Series K — Capped Contingent Risk Absolute Return Buffer Notes linked to the S&P 500® Index, with a Pricing Date of February 26, 2026 and Maturity Date February 28, 2028.

The notes provide 150.00% Upside Leverage on positive Percentage Change subject to a Maximum Redemption Amount of $1,183.50 per $1,000 (an 18.35% return). If the Final Level declines but remains at or above the Buffer Level of 90.00% of the Initial Level, investors receive a positive return up to a Maximum Downside Redemption Amount of $1,100.00 per $1,000 (a 10.00% return). If the Final Level falls below the Buffer Level, investors lose 1% of principal for each 1% decline beyond the Buffer and could lose up to 90.00% of principal. The public offering price was 100% and proceeds to Bank of Montreal were $2,929,500 after a 2.35% agent commission.

Bank of Montreal priced US$1,840,000 of Senior Medium‑Term Notes, Series K — Contingent Risk Absolute Return Buffer Notes linked to the S&P 500® Index. The notes mature on February 28, 2029 and were sold at 100% of principal with an agent commission of 2.50%.

Key economic terms: a 125.00% upside and downside leverage factor subject to a Maximum Redemption Amount of $1,223.50 and a Buffer Level equal to 80.00% of the Initial Level (a 20.00% buffer). If the Final Level is below the Buffer Level, holders lose 1% of principal for each 1% decline beyond the buffer, up to an 80.00% loss. The issuer’s estimated initial value was $967.66 per $1,000. All payments are subject to the credit risk of Bank of Montreal.

Bank of Montreal is offering non‑interest‑bearing principal‑at‑risk notes linked to the MSCI EAFE Index with a per‑note principal amount of $1,000. The notes pay at maturity based on the index performance measured from the trade date to a determination date expected within a 22 to 25 months range; the stated maturity is expected to be the second scheduled business day after that determination date.

If the final index level is above the initial level, holders participate at an upside participation rate of 160% subject to a cap that sets a maximum settlement amount expected between $1,206.88 and $1,243.36 per $1,000. If the final index level is down by up to 15.00% from the initial level, holders receive the principal amount. If the final index level is below that buffer level (85.00% of initial), holders lose approximately 1.1765% of principal for each 1% decline below the buffer; full principal loss is possible.

The issuer will set the initial index level and other final terms on the trade date. The issuer's estimated initial value is expected to be $969.00 to $999.00 per $1,000, which is less than the original issue price. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk; the notes will not be listed and are designed to be held to maturity.

Bank of Montreal offers Capped Market Index Target-Term Securities® linked to a global equity index basket, due March 2031. The notes are senior unsecured debt issued in $10 units with a public offering price of $10.00 per unit and expected proceeds to BMO of $9.75 per unit.

The term is approximately five years (pricing/settlement dates tied to the pricing date in March/April 2026). The notes pay at maturity an amount based on a Basket equally weighted among the Dow Jones Industrial Average®, EURO STOXX 50® and TOPIX®, with 100% participation up to a Capped Value (illustrative Capped Value range: $14.50 to $15.50 per unit). The initial estimated value is expected to be between $9.10 and $9.50 per unit; underwriting discount is $0.25 and a hedging related charge is approximately $0.05 per unit.

Payments are subject to BMO credit risk; Minimum Redemption Amount is $10.00 per unit. The notes are not FDIC/CDIC insured and will not be listed on an exchange.

Bank of Montreal is offering non‑interest bearing principal‑at‑risk notes linked to the MSCI EAFE Index. Each note has a $1,000 principal amount and a threshold level equal to 87.50% of the initial underlier level; if the final level is at or above that threshold you will receive a threshold settlement amount expected to be between $1,128.30 and $1,150.90 per note. If the final level is below the threshold you will suffer losses, losing approximately 1.1429% of principal for every 1.00% the final level is below the threshold. The notes have an expected term of approximately 23 to 26 months, are unsecured obligations of Bank of Montreal, are not listed, and the issuers estimated initial value is expected to be between $969.00 and $999.00 per $1,000 (below original issue price). The notes are designed to be held to maturity and involve issuer credit risk and other risks described in the supplement.

Bank of Montreal is offering senior medium-term Redeemable Fixed Rate Notes, Series K with a stated maturity of March 18, 2041. The Notes are issued in denominations of $1,000 per Note, bear a fixed interest rate of 5.10% per annum payable annually beginning March 18, 2027, and pay $1,000 at maturity unless earlier redeemed.

The Notes are redeemable by the issuer in whole (but not in part) on quarterly optional redemption dates beginning March 18, 2028 at 100% of principal plus accrued interest, with notice 5–30 business days prior to redemption. The original issue price is $1,000.00 per Note; the underwriting discount is $40.00, leaving proceeds to the issuer of $960.00 per Note. The Notes are not listed and are bail-inable under the CDIC Act, permitting conversion into common shares under specified Canadian bank resolution powers.

Bank of Montreal is offering Senior Medium-Term Notes, Series K, fixed-rate, with a principal amount of $1,000 per Note and a 4.85% annual interest rate. The Notes mature on March 17, 2036 and pay interest annually on March 17, beginning March 17, 2027.

The Notes are redeemable by Bank of Montreal in whole on quarterly Optional Redemption Dates from September 17, 2027 through December 17, 2035 at 100% of principal plus accrued interest. These Notes are bail-inable under the CDIC Act and may be converted into common shares under subsection 39.2(2.3) of the CDIC Act. Original issue price is $1,000 per Note, with an underwriting discount of $30 and proceeds to the issuer of $970 per Note.

Bank of Montreal priced Senior Medium-Term Notes, Series K, Redeemable Fixed Rate Notes with a stated maturity of March 13, 2031 and an issue date of March 13, 2026. The Notes pay interest at 4.25% per annum semi‑annually and have a $1,000 principal amount per Note.

The Notes are redeemable in whole on semi‑annual Optional Redemption Dates beginning March 13, 2028. The Notes are bail-inable and subject to conversion into common shares under subsection 39.2(2.3) of the CDIC Act. Original issue price per Note is $1,000.00, with an underwriting discount of $15.00 and proceeds to Bank of Montreal of $985.00 per Note.

Bank of Montreal is offering Senior Medium-Term Notes, Series K — Redeemable Fixed Rate Notes due March 13, 2031. The Notes have a principal amount of $1,000 per Note, an interest rate of 4.40% per annum payable semi‑annually, and are redeemable by the issuer on semi‑annual Optional Redemption Dates beginning March 13, 2027. 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 unsecured obligations of Bank of Montreal and are bail-inable under the Canada Deposit Insurance Corporation Act, which permits conversion in whole or in part into common shares of the Bank (and associated legal effects) under specified Canadian bank resolution powers.

Bank of Montreal is offering Senior Medium-Term Notes, Series K — Redeemable Fixed Rate Notes due March 13, 2029. Each Note has a $1,000 principal amount and pays interest at 4.00% per annum, paid semi‑annually on March 13 and September 13, commencing September 13, 2026.

The issuer may redeem the Notes in whole on Optional Redemption Dates beginning March 13, 2027 at 100% of principal plus accrued interest. The pricing supplement lists an original issue price of $1,000.00 per Note, an underwriting discount of $10.00 and proceeds to Bank of Montreal of $990.00 per Note. The Notes are bail-inable under the Canada Deposit Insurance Corporation Act and may be converted into common shares under the CDIC Act.

Bank of Montreal priced Senior Medium-Term Notes, Series K: redeemable fixed-rate notes due March 13, 2031.

Each Note has a principal of $1,000, an interest rate of 4.30% per annum payable semi‑annually, and pays $1,000 at maturity unless earlier redeemed. 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 redeemable in whole by the issuer on semi‑annual Optional Redemption Dates and are not listed on any exchange. These are bail-inable notes and may be converted, in whole or in part, into common shares under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act.

Bank of Montreal is offering market-linked senior medium-term notes due April 4, 2028 linked to the S&P 500® Index with a face amount of $1,000 per security. The securities feature a 125% upside participation rate, a 10% downside buffer (threshold equal to 90% of the starting value) and a maximum return of at least $194.00 (at least 19.40% of face). The estimated initial value at pricing is $968.10 per security and will not be less than $918.00 per security; original offering price is $1,000 with an agent discount of $25.75 (proceeds to Bank of Montreal $974.25). The stated maturity date is subject to postponement and the maturity payment depends on the ending value relative to the starting value.

Bank of Montreal (BMO) proposes Capped Leveraged Index Return Notes® linked to the Russell 2000® Index, due March, 2028. Each unit has a $10.00 principal amount and a public offering price of $10.00. The issuerstimates an initial estimated value between $9.00 and $9.43 per unit.

The notes pay a leveraged gain up to a capped payout: a 200% participation rate on positive index performance subject to a Capped Value in the range of $11.875 to $12.275 (representing a return of 18.75% to 22.75%). If the Ending Value is below 90% of the Starting Value, holders lose a portion of principal; if Ending Value is between 90% of Starting Value and the Starting Value, holders receive principal. The underwriting discount is $0.20 per unit and a disclosed hedging-related charge is approximately $0.05 per unit.

Bank of Montreal prices a preliminary offering of non‑interest bearing equity‑linked notes tied to the S&P 500® Index with a $1,000 principal amount per note. The notes pay a threshold settlement amount if the final index level is ≥ 85.00% of the initial level; otherwise the investor loses about 1.1765% of principal for every 1% the final level is below the threshold. The threshold settlement amount is expected to be between $1,150.90 and $1,177.50 per note and the issuer’s initial estimated value is expected to be between $969.00 and $999.00 per $1,000 principal. The determination date is expected to be approximately 24 to 27 months after the trade date and the notes are unsecured obligations of Bank of Montreal, subject to its credit risk.

Bank of Montreal is offering equity-linked notes tied to the S&P 500® Index with a $1,000 principal amount per note. The notes pay no interest and pay at maturity based on the index performance measured from the trade date to a determination date expected to be within 24 and 27 months after the trade date.

If the final underlier level exceeds the initial level, holders receive 160% participation in the upside subject to a cap (maximum settlement amount expected between $1,215.68 and $1,253.76 per $1,000). If the final level falls by up to 15.00%, holders receive principal; declines greater than 15.00% cause losses of approximately 1.1765% of principal per 1% decline below 85.00% of the initial level. The notes are unsecured obligations of Bank of Montreal and are not FDIC- or CDIC-insured.

Bank of Montreal priced a US$4,000,000 offering of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons due February 28, 2028.

The notes were priced on February 23, 2026 with settlement on February 26, 2026 and a valuation date of February 23, 2028. Each $1,000 principal note pays a contingent monthly coupon of 0.8833% (approximately 10.60% per annum) if all three reference indexes close at or above their 75% Coupon Barrier levels on an Observation Date, and unpaid coupons can be paid later under the Memory Coupon feature. The notes are linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®. At maturity, if the least performing index is below its Trigger Level (70% of Initial Level), principal is reduced by that index’s percentage decline; if not, investors receive full principal. The pricing supplement shows an estimated initial value of $986.21 per $1,000 and a public offering price at 100% of principal with an agent commission of 0.40% ($16,000).

Bank of Montreal issues US$6,900,000 Senior Medium-Term Notes, Series K — autocallable barrier notes linked to the least performing of the S&P 500®, EURO STOXX 50® and Russell 2000®. The notes were priced on February 23, 2026, settle on February 26, 2026 and mature on February 26, 2029. They pay a contingent quarterly coupon of 2.025% (approximately 8.10% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier Level.

If, on any Observation Date beginning August 21, 2026, all three reference assets are at or above their Call Levels, the notes will be automatically redeemed and investors receive principal plus the applicable contingent coupon. At maturity, if not called and a Trigger Event has occurred (any Final Level below its Trigger Level), payment equals $1,000 + ($1,000 × Percentage Change of the Least Performing Reference Asset), which may be less than principal. The pricing supplement states an estimated initial value of $970.60 per $1,000 principal amount on the Pricing Date.

Bank of Montreal priced US$516,000 Senior Medium-Term Notes, Series K. The notes are Callable Barrier Notes with Contingent Coupons due February 26, 2029, linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000® indices.

The notes pay a Contingent Coupon of 0.875% per month (approximately 10.50% per annum) when each Reference Asset’s closing level on an Observation Date is at or above a Coupon Barrier Level equal to 70.00% of its Initial Level. The issuer may call the notes beginning on February 23, 2027. At maturity investors receive $1,000 per $1,000 unless a Trigger Event occurs, in which case the cash payment equals $1,000 plus the Percentage Change of the Least Performing Reference Asset multiplied by $1,000.

Bank of Montreal priced US$390,000 Senior Medium-Term Notes, Series K — Callable Barrier Notes linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®. The Pricing Date was February 23, 2026, Settlement Date February 26, 2026, and Maturity Date February 28, 2031.

The notes pay a Contingent Coupon of 0.6292% per month (approximately 7.55% per annum) when each Reference Asset on an Observation Date is at or above its Coupon Barrier (75% of Initial Level). An Issuer Call may be exercised beginning February 23, 2027. At maturity investors receive $1,000 per note unless a Trigger Event occurs (any Reference Asset below 60% of its Initial Level), in which case payment equals $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset, which could be less than principal or zero. The estimated initial value on the Pricing Date was $943.67 per $1,000 principal; Price to Public was 100% with an Agent’s Commission of 3.625%.

Bank of Montreal priced US$1,000,000 Senior Medium-Term Notes, Series K linked to Vistra Corp. common stock. The autocallable notes pay a quarterly Coupon of 2.60% (10.40% per annum), mature on February 26, 2029, and can be automatically redeemed beginning on February 23, 2027 if the reference closing level is at or above the Call Level.

If not called, the notes pay principal at maturity unless a Trigger Event occurs (Final Level below the Trigger Level of $83.90, 50.00% of the Initial Level). The pricing supplement shows an estimated initial value of $961.91 per $1,000 principal and a public offering price between $971.50 and $1,000.

Bank of Montreal priced $950,000 of Senior Medium-Term Notes, Series K — Callable Barrier Notes linked to the least performing of the S&P 500®, Russell 2000® and the Nasdaq-100 Technology Sector. The notes pay contingent monthly coupons of 0.7167% per month (approximately 8.60% per annum) when each Reference Asset on an Observation Date is at or above its Coupon Barrier Level (70.00% of each Initial Level).

The notes have a Pricing Date of February 23, 2026, Settlement Date February 26, 2026, Valuation Date January 26, 2028, and Maturity Date January 31, 2028. Beginning on August 26, 2026, the issuer may call the notes on an Observation Date; if not called, final principal at maturity equals $1,000 plus the Percentage Change of the Least Performing Reference Asset applied to $1,000, subject to a Trigger Event at 70.00% of Initial Levels.

Bank of Montreal priced US$88,000 of Senior Medium-Term Notes, Series K: Autocallable Buffer Notes due February 28, 2029, linked to the least performing share of the SPDR® Gold Trust (GLD) and the iShares® Silver Trust (SLV).

The notes pay no interest, may auto-redeem on March 01, 2027 if both Reference Assets exceed their Call Levels, and would return principal plus a Call Amount equal to approximately 15.00% per annum on the Call Settlement Date. If not redeemed, maturity payoffs track the Least Performing Reference Asset with a 30.00% downside buffer; losses beyond the buffer reduce principal on a one-for-one basis, with up to 70.00% principal loss possible. All payments are subject to the credit risk of Bank of Montreal.

Bank of Montreal priced a US$156,000 issuance of Senior Medium-Term Notes, Series K — Contingent Risk Absolute Return Buffer Notes due February 28, 2030 linked to the S&P 500® Index.

The notes offer a 200.00% upside leverage factor subject to a $1,345.50 maximum redemption per $1,000 principal (a 34.55% maximum return). They provide a 10.00% buffer (buffer level = 90.00% of the initial level) that yields a positive payment for declines up to the buffer capped at a $1,100.00 maximum downside redemption per $1,000. Losses occur if the Reference Asset falls more than 10.00%, with potential principal loss up to 90.00%.