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

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%.

Bank of Montreal priced US$1,785,000 of Senior Medium-Term Notes, Series K—Digital Return Barrier Notes due May 28, 2027 linked to the least performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average. The notes offer a 7.75% Digital Return if the Least Performing Reference Asset finishes at or above 65.00% of its February 23, 2026 Pricing Date level; below that barrier investors suffer a linear loss of principal (1% loss per 1% index decline), potentially losing up to 100% of principal. Payments are unsecured obligations of the Bank and subject to its credit risk.

Bank of Montreal priced US$750,000 Senior Medium‑Term Notes, Series K, an autocallable barrier enhanced‑return note linked to the common stock of Tesla, Inc. The notes mature on February 26, 2029 and are callable on March 1, 2027 if the closing level of Tesla is greater than 100.00% of its Initial Level.

If automatically redeemed, holders receive principal plus a $184.40 Call Amount per $1,000 principal (approximately 18.44% per annum). If not called, upside at maturity equals 150.00% of any positive Percentage Change; a Barrier at $239.90 (60.00% of the Initial Level) triggers linear downside, potentially losing up to 100% of principal. Initial Level was $399.83.

Bank of Montreal is issuing US$712,000 Senior Medium-Term Notes, Series K — Contingent Risk Absolute Return Buffer Notes due February 28, 2031, linked to the S&P 500® Futures Excess Return Index. The notes offer a 143.00% upside leverage factor and a 20.00% buffer (Buffer Level = 80.00% of the Initial Level). If the Reference Asset finishes at or above the Buffer Level, investors may receive positive returns up to a $1,200.00 Maximum Downside Redemption Amount per $1,000 principal; declines beyond the buffer expose holders to losses of up to 80.00% of principal. Key dates: Pricing Date February 23, 2026, Settlement Date February 26, 2026, Valuation Date February 25, 2031.

The offering was priced at 100% to public (aggregate $712,000.00), with an agent commission of approximately 4.0851% (about $29,086.00) and estimated proceeds to the Bank of $682,914.00. The issuer’s initial estimated value per $1,000 was $956.38. Payments are unsecured and subject to Bank of Montreal credit risk; the notes pay no interest and will not be listed on an exchange.

Bank of Montreal priced US$705,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Enhanced Return Notes due February 26, 2029 linked to the iShares® Expanded Tech‑Software Sector ETF (IGV).

The notes offer a 150.00% Upside Leverage Factor on any appreciation if not auto‑redeemed, an automatic redemption test on March 01, 2027 at a Call Level of 100.00% of the Initial Level, and a Call Amount representing approximately 16.00% per annum if the notes are called. If not called and the Final Level is below the Barrier Level of $53.86 (70.00% of the Initial Level of $76.94), investors lose 1% of principal for each 1% decline below the Initial Level, potentially losing up to the full principal at maturity.

Bank of Montreal is offering US$977,000 in Senior Medium-Term Notes, Series K: Autocallable Barrier Enhanced Return Notes linked to the least performing of the Dow Jones Industrial Average, NASDAQ-100 and Russell 2000.

The notes mature on February 28, 2029, have an Upside Leverage Factor of 150.00%, a Barrier Level equal to 70.00% of each Initial Level, and an automatic redemption feature on March 1, 2027 that pays a Call Amount representing ~16.30% per annum. The initial estimated value was $946.76 per $1,000 principal and payments are subject to the Bank of Montreal’s credit risk.

Bank of Montreal offers US$1,000,000 Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes linked to the Dow Jones Industrial Average®. The notes provide $1,450.00 maximum redemption per $1,000 principal (45.00% maximum return) and an 110.00% upside leverage factor. A buffer of 10.50% (Buffer Level = 43,679.63) protects investors from losses up to that decline; if the Reference Asset falls below the Buffer Level, investors lose 1% of principal for each 1% decline beyond 10.50%, with a potential principal loss of up to 89.50%. Key dates: Pricing Date February 23, 2026, Settlement Date February 26, 2026, Valuation Date February 12, 2029, Maturity Date February 15, 2029. All payments are subject to the credit risk of Bank of Montreal.

Bank of Montreal is offering US$356,000 of Senior Medium-Term Notes, Series K: Contingent Risk Absolute Return Buffer Notes linked to the S&P 500® Index, maturing on February 28, 2031.

The notes provide 150.00% upside and downside leverage subject to a Maximum Redemption Amount of $1,385.00 per $1,000 principal and a Buffer Level at 80.00% of the Initial Level. If the Final Level is below the Buffer Level, investors lose 1% of principal for each 1% decline beyond the Buffer (up to an 80.00% principal loss). Pricing Date is February 23, 2026, Settlement Date February 26, 2026, and Valuation Date February 25, 2031. All payments are subject to the credit risk of Bank of Montreal.

Bank of Montreal is offering US$1,118,000 of Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes linked to the S&P 500® Index, maturing February 28, 2029. The notes provide $1,000 principal units with 150.00% upside leverage subject to a $1,230.00 Maximum Redemption Amount (a 23.00% cap). The structure protects the first 20.00% of index decline (Buffer Level = $5,470.20, 80.00% of Initial Level) but exposes investors to losses beyond that point of up to 80.00% of principal. Pricing Date was February 23, 2026, settlement February 26, 2026, valuation date February 23, 2029. The public offering price was 100% with an aggregate Agent’s Commission of approximately 2.718%, and an estimated initial value of $958.09 per $1,000 on the Pricing Date. All payments are unsecured obligations of the Bank of Montreal and subject to its credit risk.

Bank of Montreal priced US$2,010,000 Senior Medium-Term Notes, Series K, Buffer Enhanced Return Notes due February 28, 2031. The notes reference the S&P 500® Futures Excess Return Index with a 150.25% upside leverage and an 80.00% buffer (20.00% downside cushion). If the Reference Asset declines more than 20.00% from the Initial Level, investors lose 1% principal for each 1% decline beyond that point (up to an 80.00% principal loss). The notes pay no interest, are unsecured obligations of Bank of Montreal, are not exchange-listed, and are payable subject to the Bank’s credit risk. Pricing and valuation dates are set for February 2026 and February 2021 valuation/maturity dates are February 25, 2031 (valuation) and February 28, 2031 (maturity).

The Bank of Montreal is offering US$1,157,000 of Senior Medium-Term Notes, Series K: market-linked notes due February 28, 2029 linked to the least performing of the NASDAQ-100 Index® and the Dow Jones Industrial Average®. Investors receive $1,000 principal if the least performing reference asset is flat or down; if that asset rises, the notes provide 100.00% participation up to a 20.20% Maximum Return, capping the Maximum Redemption Amount at $1,202.00 per $1,000 principal. The notes pay no interest, are unsecured obligations of Bank of Montreal, will not be listed, and carry the issuer's credit risk. The initial estimated value was $969.54 per $1,000; price to public was 100% with an aggregate agent commission of approximately 2.2409%.

Bank of Montreal priced US$2,097,000 of Senior Medium-Term Notes, Series K, due February 29, 2028. The market-linked notes pay at maturity based on the least performing of the S&P 500® and Russell 2000®, with 100.00% upside participation capped at a Maximum Redemption Amount of $1,115.00 per $1,000 (an 11.50% maximum return). If the Least Performing Reference Asset declines, holders receive the $1,000 principal only. The notes pay no interest, are unsecured obligations of Bank of Montreal, were priced on February 23, 2026 and settle on February 26, 2026; valuation and final determination are on February 24, 2028 with maturity on February 29, 2028. All payments are subject to the Bank's credit risk.

Bank of Montreal priced US$1,358,000 of Senior Medium-Term Notes, Series K — Digital Return Barrier Notes due March 31, 2027. The notes link to the least performing of the S&P 500® and Russell 2000® indices and offer a 10.40% digital return if the Least Performing Reference Asset finishes at or above 100.00% of its Pricing Date level.

If the Least Performing Reference Asset falls below its Barrier Level of 70.00% of Initial Level, investors lose 1% of principal for each 1% decline below the Initial Level and may lose up to 100.00% of principal. The notes are unsecured obligations of Bank of Montreal, not interest bearing, not exchange listed, and subject to the Bank’s credit risk. The Pricing Date was February 23, 2026, Settlement Date February 26, 2026, Valuation Date March 25, 2027.

Bank of Montreal priced US$2,096,000 Senior Medium-Term Notes, Series K. The autocallable notes mature on February 28, 2029 and are linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® and the S&P 500®.

The notes provide a 200.00% upside leverage factor on positive performance of the least performing reference asset if not auto‑redeemed. Automatic redemption can occur beginning March 01, 2027 on observation dates; Call Amounts shown include $101 (first call) and $202 (later call), representing approximately 10.10% per annum. If not redeemed and the least performing asset falls below its Barrier Level (70.00% of initial), investors lose 1% principal per 1% decline.

Bank of Montreal priced US$583,000 Senior Medium-Term Notes, Series K, Autocallable Barrier Notes due February 28, 2029, linked to the S&P 500® Index. The notes pay no interest, may be automatically redeemed on March 01, 2027 for $1,074.00 per $1,000 (a call amount of $74.00), and otherwise pay at maturity based on index performance with a 75.00% barrier (Initial Level 6,837.75). If not called and the Final Level is below the barrier, investors lose 1% of principal for each 1% decline below the Initial Level; losses can reach 100% of principal.

Bank of Montreal priced a US$5,075,000 offering of Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes linked to the S&P 500® Index. The notes mature on August 31, 2027 with a Pricing Date of February 23, 2026 and Settlement Date of February 26, 2026.

The notes provide 150.00% upside leverage on any appreciation in the index, capped at a Maximum Redemption Amount of $1,092.00 per $1,000 principal (a 9.20% capped return). They include an 80.00% buffer level (a 20.00% buffer): if the index falls more than 20.00% from the Initial Level, holders lose 1% of principal for each 1% decline beyond the buffer, up to an 80.00% principal loss. All payments are subject to Bank of Montreal credit risk.

Bank of Montreal priced US$1,670,000 Senior Medium-Term Notes, Series K: Capped Buffer Enhanced Return Notes linked to the NASDAQ-100 Index®.

The notes pay a leveraged positive return equal to 200.00% of the Index appreciation subject to a Maximum Redemption Amount of $1,082.00 per $1,000 principal (a 8.20% capped return). The notes include a 15.00% buffer: if the Final Level declines by more than 15.00% from the Initial Level, investors lose 1% of principal for each 1% decline beyond the buffer, up to an 85.00% loss of principal. Key dates: Pricing Date: February 23, 2026, Settlement Date: February 26, 2026, Valuation Date: March 25, 2027, Maturity Date: March 31, 2027. The notes do not pay interest, are unsecured obligations of Bank of Montreal and are subject to the issuer’s credit risk.

Bank of Montreal priced US$370,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100 Technology Sector Indexes, maturing on January 31, 2028.

The notes pay a contingent coupon of 0.675% per month (≈8.10% per annum) if each Reference Asset is at or above a 70.00% Coupon Barrier on observation dates. Settlement is February 26, 2026, valuation date is January 26, 2028, and the issuer’s estimated initial value was $955.49 per $1,000 principal.

Bank of Montreal priced US$1,123,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due May 28, 2027, linked to the least performing of the S&P 500 and Russell 2000.

Key terms: pricing date February 23, 2026, settlement February 26, 2026, valuation date May 25, 2027, monthly contingent coupon of 0.6083% (≈ 7.30% per annum) payable if both indices are at or above 80% of initial levels on observation dates, automatic call if both indices are at or above 100% of initial levels on an observation date, and downside exposure at maturity to the least performing index down to a trigger at 80% of initial levels.

Bank of Montreal is offering US$1,265,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Step Up Call Amount due February 28, 2030, linked to the least performing of the NASDAQ-100 (NDX), Russell 2000 (RTY) and Dow Jones Industrial Average (INDU). The notes begin automatic redemption observations on March 1, 2027 with scheduled Call Amounts that imply approximately 9.00% per annum if called. If not called, maturity payment depends on the least performing reference asset; a Trigger Event occurs if any Final Level is below its Trigger Level (70.00% of the Initial Level). The pricing supplement states an estimated initial value of $933.55 per $1,000 on the Pricing Date February 23, 2026.

Bank of Montreal issues US$2,822,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes due February 28, 2029. The notes pay monthly contingent coupons of 1.0333% per month (approximately 12.40% per annum) if each reference asset is at or above its coupon barrier on observation dates, and are linked to the least performing of GDX, RTY and NDXT. If not auto‑redeemed, repayment at maturity depends on the percentage change of the least performing reference asset; a trigger event (final level below a 50.00% trigger level) causes principal to decline pro rata. The pricing date was February 23, 2026 and settlement on February 26, 2026. The cover states an estimated initial value of $940.82 per $1,000 principal.

Bank of Montreal priced a US$550,000 issuance of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the least performing of the S&P 500, Russell 2000 and Nasdaq-100 Technology Sector. Pricing Date was February 23, 2026, settlement on February 26, 2026 and maturity on February 28, 2029. The notes pay a 0.5958% monthly contingent coupon (approximately 7.15% per annum) if each reference asset is at or above a 70.00% coupon barrier on observation dates. The notes autocall if, on an Observation Date beginning August 26, 2026, each reference asset is at or above its Call Level (100% of initial). At maturity, if a Trigger Event occurs (any final level below 70.00% of initial), principal is reduced pro rata to the percentage change of the least performing reference asset.

Bank of Montreal offers US$371,000 in Senior Medium-Term Notes, Series K Barrier Notes with Contingent Coupons. The notes price on February 23, 2026

They pay a 0.6167% monthly contingent coupon (approximately 7.40% per annum) when each Reference Asset closes at or above its Coupon Barrier on observation dates. The notes mature on March 31, 2027 and return principal at maturity unless a Trigger Event occurs; if triggered, payment equals $1,000 plus the Percentage Change of the Least Performing Reference Asset, which may reduce the payment below principal.

Bank of Montreal priced a preliminary offering of senior medium-term, equity-linked auto-callable securities linked to the lowest performing of Class A common stock of Alphabet Inc. and common stock of Marvell Technology, Inc.

Key terms: $1,000 face amount per security, estimated initial value $970.60 (not less than $920.00), pricing date March 5, 2026, issue date March 10, 2026, stated maturity March 9, 2028. Contingent coupon rate will be determined on the pricing date and will be at least 19.10% per annum, paid monthly only if the lowest performing underlier closes at or above its coupon threshold (60% of starting value). Downside protection applies only above the downside threshold (50% of starting value); if the lowest performing underlier ends below that threshold at maturity, investors suffer proportional principal loss. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk; U.S. federal tax treatment is uncertain and withholding may apply to non-U.S. holders.

Bank of Montreal priced equity-linked senior notes due February 28, 2029. The notes pay a contingent monthly coupon of 23.30% per annum (with a memory feature) and are auto-callable if the lowest-performing underlier on certain monthly observation dates equals or exceeds its starting value. The three underliers are Broadcom (AVGO) starting at $330.34, Robinhood (HOOD) starting at $71.78, and McDonald’s (MCD) starting at $334.56; each coupon and downside threshold is 50% of its starting value. Original offering price is $1,000 per security, estimated initial value $971.88, proceeds to issuer $976.75 per security. The securities are unsecured obligations of Bank of Montreal, subject to issuer credit risk and not FDIC insured.

Bank of Montreal is offering Senior Medium-Term Notes, Series K: market-linked, auto-callable securities with a contingent coupon and principal at risk linked to the lowest performing of the Nasdaq-100, Russell 2000 and S&P 500. The original offering price is $1,000 per security and proceeds to Bank of Montreal are $976.75 per security.

The securities have quarterly calculation days beginning May 2026, a minimum contingent coupon rate of 10.30% per annum, an issue date of March 4, 2026 and a stated maturity of March 2, 2029. If not auto-called, principal at maturity depends on the ending value of the lowest performing Underlier; a decline below 75% of starting value results in proportional principal loss.