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Bank of Montreal is offering US$1,600,000 of Senior Medium-Term Notes, Series K, structured as autocallable barrier notes with contingent coupons due December 18, 2028. The notes are linked to the least performing of the S&P 500®, EURO STOXX 50® and Russell 2000® indices.

Investors can receive contingent coupons at a rate of 2.20% per quarter (about 8.80% per year) when, on an observation date, each index closes at or above 70% of its initial level. From June 15, 2026, if all three indices are at or above their initial levels on an observation date, the notes are automatically redeemed at par plus the coupon.

If the notes are not called and any index finishes below its 70% trigger level on the valuation date, repayment of principal is reduced in line with the decline of the worst-performing index, and could fall to zero. The notes are unsecured obligations of Bank of Montreal, have an estimated initial value of $969.36 per $1,000 face amount, and are not insured by any government agency.

Bank of Montreal is offering US$4,372,000 of senior medium-term autocallable barrier notes due December 18, 2028, linked to the S&P 500®, EURO STOXX 50® and Russell 2000® indices. The notes pay a contingent coupon of 2.45% per quarter (about 9.80% per year) only if, on each observation date, all three indices are at or above their coupon barrier levels, set at 75% of their initial levels. Starting June 15, 2026, the notes are automatically redeemed if all indices are at or above 100% of their initial levels, returning principal plus the coupon for that date.

If the notes are not called and, on the valuation date, any index closes below its 75% trigger level, investors lose principal in proportion to the decline of the worst-performing index, and the repayment can be zero. The notes are unsecured obligations of Bank of Montreal and are not insured by any government agency. The estimated initial value is $968.49 per $1,000 of principal, reflecting structuring and hedging costs, and the issuer expects U.S. holders to treat the notes as pre-paid contingent income-bearing derivative contracts for tax purposes.

Bank of Montreal is offering US$1,000,000 of senior medium-term autocallable barrier notes with memory coupons, due December 18, 2028, linked to the common stock of Netflix, Inc. and Broadcom Inc. Holders can receive contingent coupons of 1.625% per month (about 19.50% per year), paying US$16.25 per US$1,000, whenever both stocks close at or above their coupon barriers, set at 70% of their initial levels.

Beginning June 15, 2026, the notes are automatically redeemed at par plus any due coupons if both stocks are at or above their initial levels. If not redeemed early, repayment at maturity depends on the worst-performing stock: full principal is returned if its final level stays at or above a 50% trigger level, but principal is reduced one-for-one with its loss below that level and can fall to zero. The notes are unsecured obligations, not insured deposits, and have an estimated initial value of US$972.28 per US$1,000, reflecting structuring and hedging costs and the complex risk profile.

Bank of Montreal is offering $2,166,000 of senior autocallable barrier notes linked to Uber Technologies, Inc. common stock. These three-year notes, due December 18, 2028, pay a contingent coupon of 2.75% per quarter (about 11.00% per year) for each $1,000 in principal, but only if Uber’s closing share price on an observation date is at or above the coupon barrier.

The initial level is $85.11, with both the coupon barrier and trigger level set at $51.07, which is 60.00% of the initial level. Starting March 13, 2026, the notes are automatically redeemed if Uber closes above the call level, which is 100% of the initial level, returning principal plus any due coupon.

If the notes are not called and Uber’s final level is below the trigger level, investors lose principal on a 1-to-1 basis with Uber’s percentage decline, and the payment at maturity can be zero. The estimated initial value is $969.26 per $1,000, reflecting structuring and hedging costs, and the agent’s commission is 2.00% of principal.

Bank of Montreal is offering US$1,000,000 of Senior Medium‑Term Notes, Series K, autocallable barrier notes with memory coupons due March 17, 2027. The notes are linked to the least performing of the S&P 500 Index, NASDAQ‑100 Index and Russell 2000 Index and pay a contingent monthly coupon of 0.9667% (about 11.60% per year) only if each index closes at or above its coupon barrier level.

Investors may receive missed coupons later under the memory feature if the barriers are subsequently met. The notes can be automatically redeemed starting June 12, 2026 if all indices are at or above their initial levels, returning principal plus any due coupons. If not called and any index ever closes below its trigger level and then finishes below its initial level at maturity, principal is reduced in line with the loss on the worst index and can be fully lost. The estimated initial value is $990.13 per $1,000 principal, and the notes are unsecured obligations of Bank of Montreal.

Bank of Montreal is offering US$2,555,000 of Senior Medium-Term Notes, Series K, autocallable buffer enhanced return notes due December 18, 2028, linked to the least performing of the Russell 2000 Index and the S&P 500 Index. The notes pay no interest and are unsecured obligations of Bank of Montreal, sold in $1,000 denominations and not listed on any exchange.

On December 18, 2026, if the least performing index is above 100% of its initial level, the notes are automatically redeemed at par plus a call amount of $145 per $1,000, which equals about 14.5% per year. If the notes are not called and the least performing index finishes at or above its initial level, investors receive principal plus 125% of any index gain; if it is between 80% and 100% of its initial level, principal is returned with no gain.

If the least performing index closes below 80% of its initial level at maturity, repayment is reduced 1% for each 1% decline beyond the 20% buffer, with losses up to 80% of principal. The estimated initial value is $987.99 per $1,000, reflecting offering and hedging costs, and all payments depend on Bank of Montreal’s credit.

Bank of Montreal is offering US$2,806,000 of Senior Medium-Term Notes, Series K, autocallable buffer enhanced return notes due December 18, 2028, linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The notes pay no interest and are unsecured obligations of Bank of Montreal.

On December 18, 2026, if the closing level of the least performing index is above 100.00% of its Initial Level, the notes are automatically redeemed and investors receive their principal plus a Call Amount of $110.00 per $1,000 in principal, representing a return of approximately 11.00% per annum, with no further upside participation. If the notes are not called and the least performing index finishes at or above its Initial Level on the Valuation Date, investors receive principal plus 125.00% of any positive index performance.

If the least performing index declines but remains at or above 80.00% of its Initial Level, investors receive only their $1,000 principal per note. If it falls below 80.00%, repayment is reduced 1% for each 1% decline beyond this 20.00% buffer, with up to 80.00% of principal potentially lost. The estimated initial value is $969.38 per $1,000, and the notes will not be listed on any securities exchange.

Bank of Montreal is offering US$220,000 of senior market-linked notes due June 17, 2031 that are tied to the S&P 500® Index. These unsecured notes give investors 1-to-1 upside exposure to any increase in the index, but gains are capped at a Maximum Redemption Amount of $1,382.50 per $1,000 of principal, equal to a 38.25% maximum return over the term.

If the S&P 500® Final Level is at or below its Initial Level of 6,827.41 on the June 12, 2031 valuation date, investors receive only their principal back at maturity, with no additional return. The notes pay no periodic interest, will not be listed on any exchange, and all payments depend on the credit of Bank of Montreal.

The price to the public is 100% of principal, with a 3.00% agent commission and 97.00% of proceeds to Bank of Montreal. The bank’s estimated initial value is $941.62 per $1,000, reflecting embedded costs, hedging and funding assumptions. Investors also face potential illiquidity, tax complexity under contingent payment debt rules, and structural risks outlined in the risk sections.

Bank of Montreal is issuing US$596,000 of senior market-linked notes due June 17, 2030, tied to the S&P 500® Index. The notes offer 1-to-1 upside exposure to index gains, but any payoff is capped at a Maximum Redemption Amount of $1,362.50 per $1,000 of principal, a maximum return of 36.25%.

If the index finishes at or below its Initial Level of 6,827.41 on the June 12, 2030 valuation date, investors receive only their $1,000 principal, with no upside. The notes pay no periodic interest and will not be listed on any exchange, and BMOCM is expected to make a secondary market only on a discretionary basis.

All payments depend on the credit of Bank of Montreal. The initial estimated value is $976.58 per $1,000, reflecting structuring and hedging costs, and U.S. holders are expected to be taxed under contingent payment debt instrument rules, recognizing ordinary income over the life of the notes.

Bank of Montreal is offering $1,075,000 of Senior Medium-Term Notes, Series K, structured as Autocallable Barrier Notes with Contingent Coupons due December 18, 2028, linked to the least performing of Apple Inc. and Amazon.com, Inc. common stock. The notes pay a contingent coupon of 2.9375% per quarter (about 11.75% per year) only if, on each observation date, both stocks close at or above their coupon barrier levels, set at 60% of their initial levels ($166.97 for AAPL and $135.71 for AMZN).

Beginning March 13, 2026, the notes are automatically redeemed if both stocks are at or above their initial levels, returning principal plus the applicable coupon. If the notes are not called and any stock finishes below its trigger level (also 60% of its initial level) on the valuation date, investors lose principal in proportion to the decline of the worst-performing stock, and could receive nothing at maturity. The estimated initial value is $969.59 per $1,000, below the $1,000 issue price, reflecting fees and hedging costs, and the notes are unsecured obligations of Bank of Montreal with significant structural and market risks.

Bank of Montreal is issuing US$1,307,000 of Senior Medium-Term Notes, Series K, barrier notes due September 17, 2027, linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The notes pay a fixed coupon of 0.6167% per month (approximately 7.40% per annum), or $6.167 per $1,000 in principal, with monthly payments on the 17th from January 17, 2026 to maturity.

At maturity, investors receive $1,000 per $1,000 in principal if no Trigger Event occurs. A Trigger Event happens if, on the valuation date, the final level of either index is below 70.00% of its initial level (1,786.020 for RTY and 4,779.19 for SPX). If a Trigger Event occurs, the maturity payment becomes $1,000 plus $1,000 times the percentage change of the least performing index, which can reduce principal and may be zero, though the final coupon is still paid. The estimated initial value is $988.45 per $1,000, reflecting hedging and issuance costs, and the notes are unsecured obligations not insured by any deposit insurer.

Bank of Montreal is offering US$1,123,000 of Senior Medium-Term Notes, Series K, that are autocallable barrier notes with contingent coupons due June 17, 2027, linked to the Class A subordinate voting shares of Shopify Inc. The notes pay a contingent coupon of 3.775% per quarter (about 15.10% per year), or $37.75 per $1,000, only if Shopify’s closing share price on an observation date is at or above the coupon barrier of $82.10, which is 50% of the $164.19 initial level.

Starting March 12, 2026, the notes will be automatically redeemed if Shopify closes above the initial level on an observation date, returning principal plus the applicable coupon. If the notes are not called and Shopify’s final level on June 14, 2027 is at or above the $82.10 trigger, investors receive full principal back, plus any final coupon. If the final level is below the trigger, repayment is reduced in line with the percentage decline in Shopify’s price and can fall to zero.

The notes are unsecured obligations of Bank of Montreal, pay only cash (no Shopify shares), and have an estimated initial value of $972.36 per $1,000, reflecting structuring and hedging costs.

Bank of Montreal is offering US$1,366,000 of Senior Medium-Term Notes, Series K, in the form of autocallable barrier notes with contingent coupons due June 17, 2027, linked to the Class A common stock of Robinhood Markets, Inc. The notes pay a monthly contingent coupon of 1.9025% (about 22.83% per year), but only if on each observation date the Robinhood share price is at or above the coupon barrier of $59.75, which is 50% of the initial level of $119.50. Starting March 12, 2026, the notes will be automatically redeemed if the share price is at or above the initial level, returning principal plus the applicable coupon. If the notes are not called and the final share price on June 14, 2027 is below the $59.75 trigger, investors will lose principal in line with the stock’s percentage decline, and could lose their entire investment. The estimated initial value is $966.54 per $1,000, and the notes are unsecured obligations, not insured deposits.

Bank of Montreal is offering US$2,476,000 of Senior Medium-Term Notes, Series K, in the form of autocallable barrier notes linked to the common stock of Tesla, Inc. The notes pay a contingent coupon of 4.00% per quarter (about 16.00% per year) only if Tesla’s closing share price on each observation date is at or above the coupon barrier.

The Tesla initial level is set at $458.96, with both the coupon barrier and trigger level at $229.48, or 50% of the initial level. If on or after March 13, 2026 Tesla closes at or above the initial level on an observation date, the notes are automatically redeemed at par plus the applicable coupon. If the notes are not called and Tesla finishes below the trigger on the valuation date, investors lose principal in line with the share decline, potentially down to zero. The estimated initial value is $967.40 per $1,000 of principal.

Bank of Montreal is offering $1,518,000 of Senior Medium-Term Notes, Series K, redeemable fixed rate notes due December 17, 2032. The notes pay 4.65% per annum, with interest paid semi-annually on June 17 and December 17, starting June 17, 2026, on minimum denominations of $1,000 per note. Unless earlier redeemed, investors receive $1,000 per note plus accrued interest at maturity.

The notes are callable at par plus accrued interest, in whole but not in part, on semi-annual optional redemption dates from June 17, 2027 through June 17, 2032. They are unsecured obligations of Bank of Montreal, are bail-inable under the Canada Deposit Insurance Corporation Act, and will not be listed on any securities exchange. The original issue price is $1,000 per note, with an underwriting discount of $7 per note, resulting in issuer proceeds of $1,507,374.

Bank of Montreal is offering US$16,864,000 of senior Medium-Term Notes, Series K, in the form of Autocallable Barrier Notes with Memory Coupons due June 16, 2027, linked to the worst performer of Apple and Amazon stock. The notes pay a contingent coupon of 2.75% per quarter (about 11.00% per year), or $27.50 per $1,000, only if both stocks close at or above their coupon barrier on each observation date.

The coupon barrier and trigger for Apple are $166.82 and for Amazon $138.17, each 60.00% of the initial level. Starting March 11, 2026, if both stocks are at or above their initial levels on an observation date, the notes are automatically redeemed at par plus any due coupons. If not called and any stock finishes below its trigger, investors receive shares of the worst-performing stock (or cash equivalent) worth less than principal. The price to the public is 100% of principal, with a 1.50% agent’s commission, and the estimated initial value is $979.04 per $1,000.

Bank of Montreal is offering unsecured, market-linked senior notes tied to the Class A common stock of Twilio Inc. Each security has a $1,000 face amount, an original offering price of $1,000 and an estimated initial value of $964.21. The notes pay a 15.90% per annum contingent coupon, due quarterly, but only if Twilio’s closing value on each calculation day is at or above the coupon threshold of $79.752, which is 60% of the starting value of $132.92.

The notes are auto-callable from March 2026 through September 2028 if Twilio’s closing value on a calculation day is at or above the starting value, in which case investors receive the $1,000 face amount plus the final coupon and no further payments. If not called, at maturity in December 2028 investors receive $1,000 only if the ending value is at or above the downside threshold of $79.752; otherwise the principal is reduced in line with Twilio’s decline, with losses greater than 40% and up to all principal possible. The securities do not participate in any upside of Twilio beyond coupons, are not listed on an exchange, carry full credit risk of Bank of Montreal, and involve complex, uncertain U.S. and non-U.S. tax treatment, including potential 30% withholding on coupons for non-U.S. holders.

Bank of Montreal is offering US$16,864,000 of senior Medium-Term Notes, Series K, structured as autocallable barrier notes with memory coupons due June 16, 2027, linked to the least-performing of Apple and Amazon common stock. The notes pay a contingent coupon of 2.75% per quarter (about 11.00% per year), or $27.50 per $1,000, only if both stocks stay at or above preset coupon barrier levels equal to 60% of their initial prices.

If on or after March 11, 2026 both stocks are at or above their initial levels on an observation date, the notes are automatically redeemed at par plus any due coupons. If the notes are not called and, on the valuation date, either stock is below its 60% trigger level, investors receive shares (or cash) of the worst-performing stock worth less than the principal, and possibly zero, so principal is at risk. The estimated initial value is $979.04 per $1,000, below the issue price, reflecting fees and hedging costs.

Bank of Montreal is offering unsecured Series K senior medium-term notes that are equity-linked and auto-callable, with contingent coupons and principal at risk. The notes are linked to the worst performer among the common stocks of Amazon.com, Inc. (AMZN), NVIDIA Corporation (NVDA) and UnitedHealth Group Incorporated (UNH) and are scheduled to mature on December 15, 2028, unless automatically called earlier.

Each security has a $1,000 face amount and original offering price of $1,000, with an estimated initial value of $958.57. Investors may receive a monthly contingent coupon at a 18.65% per annum rate, but only if, on the relevant calculation day, the lowest performing stock is at or above its coupon threshold, set at 60% of its starting value. Missed coupons can be recovered later via a “memory” feature if the condition is subsequently met.

If from March 2026 through November 2028 the lowest performing stock is at or above its starting value on a calculation day, the notes are automatically called at par plus the applicable coupon and any unpaid coupons. If the notes are not called and, on the final calculation day, the lowest performer is at or above its downside threshold (also 60% of starting value), investors receive the $1,000 face amount; if it is below that level, the maturity payment is reduced in line with the stock’s decline, and investors can lose more than 40%, up to their entire principal. Investors do not participate in any upside of the underliers and are fully exposed to Bank of Montreal’s credit risk.

Bank of Montreal is issuing senior unsecured market-linked notes tied to the worst performer of Amazon, Alphabet Class A, and NVIDIA, maturing on December 15, 2028. Each security has a $1,000 face amount and an original offering price of $1,000, with an estimated initial value of $961.21, reflecting offering and hedging costs.

The notes pay a quarterly contingent coupon at a 14.10% per annum rate only if the lowest-performing stock on the calculation day is at or above 50% of its starting value; missed coupons can be paid later via a memory feature. From June 2026, the notes are auto-callable if the worst stock is at or above its starting value, returning face value plus due coupons.

If not called, investors receive $1,000 at maturity only if the worst stock is at or above its 50% downside threshold; otherwise repayment is reduced in line with that stock’s decline, with losses potentially reaching 100% of principal. The notes carry full credit risk of Bank of Montreal, lack deposit insurance, may have limited secondary liquidity, and involve complex tax and market risks.

Bank of Montreal is offering senior Medium-Term Notes, Series K, which are fixed-rate, redeemable notes due December 23, 2030. Each Note has a $1,000 principal amount and pays fixed interest of 4.30% per annum, with semi-annual payments on June 23 and December 23 starting in 2026.

The Notes are callable at Bank of Montreal’s option, in whole but not in part, at 100% of principal plus accrued interest on December 23, 2029. They are unsecured obligations of the bank, are not insured by any deposit insurance agency, and will not be listed on any securities exchange, so liquidity may be limited.

The Notes are designated as bail-inable notes under the Canada Deposit Insurance Corporation Act, meaning they can be converted into common shares of Bank of Montreal or its affiliates, or varied or extinguished, in a bail-in conversion. Each holder is deemed to agree to these Canadian bail-in powers and related jurisdictional terms.

Bank of Montreal is offering unsecured notes linked to the S&P 500® Index that pay no interest and are designed to be held to maturity over an expected 27–30 month term. For each $1,000 note, investors get 150% of any positive S&P 500 return, but gains are capped by a maximum settlement amount expected to range from $1,230.55 to $1,271.05. If the index finishes between 85.00% and 100.00% of its initial level, investors receive back only the $1,000 principal. Below the 85.00% buffer level, principal losses increase at about 1.1765% for every 1% further decline, up to a total loss. The estimated initial value is expected between $969.00 and $999.00 per $1,000, the notes will not be listed on an exchange, and all payments depend on Bank of Montreal’s creditworthiness, with complex and uncertain U.S. tax treatment.

Bank of Montreal is offering unsecured, fixed-rate senior medium-term notes due December 18, 2037, with a principal amount of $1,000 per Note and a 5.15% annual interest rate. Interest is paid in cash in U.S. dollars semi-annually on June 18 and December 18, starting June 18, 2026, until maturity or earlier redemption. Unless previously redeemed, holders receive $1,000 per Note plus any accrued and unpaid interest at maturity.

The Notes are redeemable at Bank of Montreal’s option, in whole but not in part, at 100% of principal plus accrued interest on each June 18 and December 18 from December 18, 2030 through June 18, 2037. The Notes are bail-inable under the Canada Deposit Insurance Corporation Act, meaning they can be converted into common shares of Bank of Montreal or its affiliates, or varied or extinguished under Canadian bank resolution powers. They are not listed on any securities exchange, are subject to Bank of Montreal’s credit risk, and may have limited or no secondary market liquidity. The original issue price is $1,000 per Note, with a $7 underwriting discount and $993 in proceeds to Bank of Montreal per Note.

Bank of Montreal is offering senior medium-term notes that pay a fixed interest rate of 4.60% per year and are scheduled to mature on December 16, 2032. Each note has a $1,000 principal amount, with an original issue price of $1,000, a $15 underwriting discount and $985 in proceeds to Bank of Montreal per note.

Interest is paid in cash in U.S. dollars semi-annually on June 26 and December 26, starting June 26, 2026. The notes are redeemable at Bank of Montreal’s option, in whole but not in part, at 100% of principal plus accrued interest on semi-annual dates from June 26, 2027 through June 26, 2032.

The notes are unsecured obligations of Bank of Montreal, are not insured by any government agency and will not be listed on any securities exchange, so liquidity may be limited. They are bail-inable under the Canada Deposit Insurance Corporation Act, meaning they can be converted into common shares or varied or extinguished under Canadian bank resolution powers.

Bank of Montreal is offering senior, unsecured Market Linked Securities that are auto-callable and linked to the worst performer of Baidu ADS, Alphabet Class A, and Meta Class A, maturing on December 22, 2028. Each security has a $1,000 face amount and pays a quarterly contingent coupon at a rate to be set on the pricing date, expected to be at least 17.50% per year, but only if the lowest-performing stock on each observation date is at or above 60% of its starting value. If from June 2026 onward the lowest-performing stock is at or above its starting value on a calculation day, the notes are automatically called and repay $1,000 plus the due and any unpaid coupons. If the notes are not called and, at final observation, the lowest-performing stock is below 60% of its starting value, the maturity payment is reduced in line with that stock’s loss, and investors can lose most or all of principal. The estimated initial value on the preliminary date is $956.40 per $1,000, and all payments are subject to Bank of Montreal’s credit risk.

Bank of Montreal is offering auto-callable market-linked securities tied to the common stock of Super Micro Computer, Inc., each with a $1,000 face amount and an estimated initial value of $959.70 per security, not less than $920.00 at pricing. The notes pay a contingent coupon at a rate of at least 23.40% per year, but only for months when the stock closes at or above a coupon threshold set at 60% of the starting value, with missed coupons potentially paid later under a memory feature.

The notes can be automatically called on monthly dates from March 2026 through November 2028 if the stock closes at or above its starting value, in which case investors receive $1,000 plus the due coupon payments. If the notes are not called and the ending value is at or above the 60% downside threshold, investors receive $1,000 at maturity; if it is below that level, repayment follows the stock’s decline and investors can lose more than 40% and up to all of principal.

All payments depend on Bank of Montreal’s credit, the securities are unsecured and not insured by any government agency, there may be little or no secondary market, and the U.S. and Canadian tax treatment, including possible 30% withholding on coupons for many non-U.S. holders, involves significant uncertainty.

Bank of Montreal is issuing US$1,251,000 of Senior Medium-Term Notes, Series K, barrier notes due December 16, 2027, linked to the least performing of Salesforce common stock and the S&P 500® Index.

The notes pay monthly coupons at 0.7625% of principal (approximately 9.15% per year), so each coupon equals $7.625 for every $1,000 of principal.

At maturity, holders receive $1,000 per $1,000 of principal unless a trigger event occurs, which happens if either reference asset finishes below 60.00% of its initial level ($158.52 for Salesforce and 4,132.01 for the S&P 500) on the valuation date; in that case, repayment is reduced in proportion to the percentage decline of the worst performer and can fall to zero, although the final coupon is still paid.

The estimated initial value is $988.78 per $1,000, reflecting structuring and hedging costs, and the notes are unsecured, unsubordinated obligations of Bank of Montreal distributed through BMO Capital Markets, which receives a 0.40% selling commission, resulting in 99.60% of proceeds to the bank.

Bank of Montreal is offering $4,629,000 of senior medium-term autocallable barrier notes linked to Tesla, Inc. common stock. The notes pay a contingent coupon of 3.7625% per quarter (approximately 15.05% per year), or $37.625 per $1,000 of principal, but only if Tesla’s closing price on an observation date is at or above the coupon barrier of $223.45, which is 50.00% of the $446.89 initial level.

Beginning on June 15, 2026, if Tesla closes above the call level of 100% of the initial level on an observation date, the notes are automatically redeemed at par and any due contingent coupons are paid, ending further payments. If the notes are not called and Tesla finishes at or above the $223.45 trigger level on the valuation date in December 2028, investors receive their full $1,000 principal per note plus any due coupons; if Tesla finishes below the trigger, principal is reduced in line with Tesla’s percentage loss and can fall to zero.

The notes are unsecured obligations of Bank of Montreal and are not insured by U.S. or Canadian deposit insurance agencies. The estimated initial value is $970.63 per $1,000 of principal, below the $1,000 issue price, reflecting embedded costs, hedging and commissions, including a 1.50% selling commission and proceeds to the issuer of 98.50% of principal.

Bank of Montreal is offering unsecured, S&P 500®-linked notes that pay no interest and are designed to be held to maturity, expected to be 13 to 15 months from the trade date. Each note has a $1,000 principal amount and provides 125% participation in any positive S&P 500® return, capped at a maximum settlement amount expected between $1,111.75 and $1,131.125 per note.

The notes include a 10.00% downside buffer: if the index ends between 90.00% and 100.00% of its initial level, investors receive back principal only. Below 90.00%, investors lose approximately 1.1111% of principal for every 1% the index falls under the buffer, which can result in a full loss. The estimated initial value is expected between $958.20 and $988.20 per $1,000, reflecting offering and hedging costs. The notes will not be listed on any exchange and all payments depend on the credit of Bank of Montreal.

Bank of Montreal is offering senior unsecured market-linked notes due December 22, 2028, whose payments are tied to the worst performer among AbbVie, Amgen and Eli Lilly common stocks. Each $1,000-denomination security is priced at $1,000, with an estimated initial value of $966.50, and is not bail-inable or insured by any deposit insurance scheme.

The notes can pay a monthly contingent coupon at a rate of at least 12.90% per annum if on each calculation day the lowest performing stock is at or above 60% of its starting value, with a memory feature for previously missed coupons. From June 2026 to November 2028, if that lowest stock is at or above its starting value on a calculation day, the notes are automatically called for $1,000 plus the applicable coupons. If not called, at maturity investors receive $1,000 only if the lowest stock is at or above 60% of its starting value; otherwise repayment is reduced in line with that stock’s decline and losses can exceed 40% of principal. Investors do not share in any stock price gains, bear Bank of Montreal credit risk, and face complex U.S. tax treatment, including expected 30% withholding on coupons for many non-U.S. holders. Wells Fargo Securities acts as agent, receiving up to $23.25 per $1,000 security, with $976.75 per security to Bank of Montreal.

Bank of Montreal is offering senior unsecured, equity-linked notes that are auto-callable and pay contingent monthly coupons, each with a $1,000 face amount and an estimated initial value of $965.80 per security (not less than $920.00 at pricing. The notes are linked to the lowest performing of the common stocks of Apollo Global Management, Blackstone and Invesco and mature on December 22, 2028.

Investors may receive a monthly coupon at a rate of at least 14.30% per annum only if the lowest performing stock on each calculation day is at or above 60% of its starting value, with a memory feature that can pay previously missed coupons if conditions are later met. The notes can be automatically called from June 2026 through November 2028 if the lowest performing stock is at or above its starting value, returning principal plus due coupons.

If the notes are not called and the lowest performing stock is below 60% of its starting value at maturity, repayment of principal is reduced one-for-one with the stock’s decline, leading to losses greater than 40% and up to a full loss of principal, while investors do not participate in any stock appreciation.

Bank of Montreal is issuing US$1,295,000 of Senior Medium-Term Notes, Series K Capped Enhanced Return Notes due January 15, 2027, linked to the S&P 500^® Index. These notes offer 200% leveraged upside on any index gains, but the payment at maturity is capped at a Maximum Redemption Amount of $1,140 per $1,000 in principal, a 14% maximum return.

If the S&P 500 falls below the Initial Level of 6,886.68, investors lose 1% of principal for each 1% decline and can lose their entire investment. The notes pay no interest, are unsecured obligations subject to Bank of Montreal’s credit risk, and will not be listed on any exchange. The price to the public is 100% of principal, with an agent’s commission of 1.93% and proceeds to Bank of Montreal of 98.07%, and the estimated initial value is $979.51 per $1,000.

Bank of Montreal is issuing $7,234,000 of Senior Medium-Term Notes, Series K, redeemable fixed rate notes due December 2, 2030. Each Note has a $1,000 principal amount and pays interest at a fixed 4.30% per annum, with semi-annual payments on June 15 and December 15 starting June 15, 2026.

The Notes are callable by Bank of Montreal at 100% of principal plus accrued interest on optional redemption dates every June 15 and December 15 from December 15, 2026 through June 15, 2030. They are unsecured, bail-inable obligations of Bank of Montreal, subject to Canadian bank resolution powers, and are not insured by any deposit insurance agency.

The Notes will not be listed on any securities exchange. The original issue price is $1,000 per Note, with an underwriting discount of $10 per Note, resulting in total proceeds to Bank of Montreal of $7,161,660 before expenses.

Bank of Montreal is issuing US$1,007,000 of Senior Medium-Term Notes, Series K, maturing on December 13, 2027, linked to the S&P 500® Index. These “Contingent Risk Absolute Return Buffer Notes” provide 1-to-1 upside exposure to the index, capped at a Maximum Redemption Amount of $1,129 per $1,000 note, a 12.90% maximum gain. If the index falls but stays at or above 70% of its Initial Level, investors receive a 50% leveraged positive return on the decline, up to a Maximum Downside Redemption Amount of $1,150 per $1,000 note, a 15.00% gain.

If the index drops more than 30% from its Initial Level, principal is reduced 1% for each additional 1% decline, with up to 70% of principal at risk. The notes pay no interest, are unsecured obligations of Bank of Montreal, and will not be listed on any exchange. The price to the public is 100% of principal, with a 0.50% agent’s commission and estimated initial value of $983 per $1,000 note.

Bank of Montreal is issuing US$663,000 of Senior Medium-Term Notes, Series K, digital return barrier notes maturing January 12, 2027, linked to the S&P 500, Russell 2000 and Dow Jones Industrial Average. These notes pay no interest but can provide a fixed 6.77% digital return at maturity if the least-performing index finishes at or above 65% of its initial level.

If that least-performing index closes below 65% of its initial level on the valuation date, principal is reduced one-for-one with the decline, so investors can lose some or all of their investment. The structure caps upside at the digital return even if the indexes rise substantially.

The notes price at 100% of principal with a 1.93% selling commission, and the estimated initial value is $974.42 per $1,000. They are unsecured, unsubordinated obligations of Bank of Montreal, not listed on any exchange, and are subject to the bank’s credit risk, limited liquidity and complex tax treatment.

Bank of Montreal is issuing $3,000,000 of Senior Medium-Term Notes, Series K, redeemable fixed-rate notes due December 12, 2030. The notes have a principal amount of $1,000 per note and pay interest at 4.40% per annum, with semi-annual payments each June 12 and December 12 starting June 12, 2026.

Bank of Montreal may redeem the notes in whole, but not in part, at 100% of principal plus accrued interest on optional redemption dates every June 12 and December 12 from December 12, 2027 through June 12, 2030. The notes are unsecured, will not be listed on any securities exchange, and are subject to Bank of Montreal’s credit risk.

The notes are bail-inable under the Canada Deposit Insurance Corporation Act, meaning they may be converted into common shares or varied or extinguished in a resolution scenario. They are not insured by U.S. or Canadian deposit insurance schemes. The original issue price is $1,000 per note, with a $5.50 underwriting discount per note, resulting in total net proceeds of $2,985,510 to Bank of Montreal on the $3,000,000 offering.

Bank of Montreal is offering US$1,980,000 of senior medium-term Autocallable Barrier Notes due December 13, 2027, linked to the common stock of lululemon athletica inc. The notes pay contingent monthly coupons at a rate of 0.8667% (approximately 10.40% per year) only if LULU’s closing level on each observation date is at or above the coupon barrier of $109.82, which is 60% of the initial level of $183.04.

Starting March 10, 2026, the notes will be automatically redeemed if LULU closes above the call level of 85% of the initial level on an observation date, returning principal plus the applicable coupon. If the notes are not called and LULU’s final level on December 8, 2027 is at or above the trigger level of $109.82, investors receive full principal back, plus any final coupon. If the final level is below the trigger, repayment is reduced in line with LULU’s percentage loss and can fall to zero.

The notes are unsecured obligations of Bank of Montreal, offer only cash settlement, and are not insured by any deposit insurance agency. The estimated initial value is $957.32 per $1,000 of principal, reflecting structuring and hedging costs.

Bank of Montreal is offering US$693,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes linked to Celestica Inc. common shares and due in December 2028.

The notes can be automatically redeemed starting December 2026 if Celestica’s share price is at or above the initial level, paying back principal plus a step-up call amount that rises from $450 to $1,350 per $1,000 of principal, equal to about 45.00% per year. If they are not called, investors receive full principal at maturity unless the final share price is below 60.00% of the initial level, in which case repayment is reduced one-for-one with the share decline and can fall to zero. The estimated initial value is $957.12 per $1,000, and the notes are unsecured obligations of Bank of Montreal, not insured by any deposit insurance agency.

Bank of Montreal is issuing US$354,000 of senior medium-term Autocallable Barrier Notes due January 11, 2027, linked to the common stock of PepsiCo, Inc. These unsecured notes pay a contingent coupon of 0.8225% per month (approximately 9.87% per annum), or $8.225 per $1,000 principal amount, only if on each Observation Date PepsiCos share price is at or above the coupon barrier of $110.22, which is 76.00% of the Initial Level of $145.02.

Beginning June 08, 2026, the notes will be automatically redeemed if PepsiCos share price is above the Call Level, set at 100% of the Initial Level, returning principal plus the applicable contingent coupon. If the notes are not called and PepsiCos Final Level on the Valuation Date is below the Trigger Level of $110.22, investors receive shares (or cash) worth less than the $1,000 principal, and could lose their entire investment.

The price to the public is 100% of principal, with a 0.65% agents commission and 99.35% of principal, or $351,699.00, in proceeds to Bank of Montreal. The estimated initial value is $989.32 per $1,000 principal amount, reflecting structuring and hedging costs, and the document highlights both market risks and uncertainty around U.S. federal tax treatment.

Bank of Montreal is offering US$3,818,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes with memory coupons due December 11, 2028. The notes are linked to the least performing of Alphabet Class C (GOOG), Microsoft (MSFT) and Tesla (TSLA). They pay a contingent coupon of 1.5833% per month (approximately 19.00% per year), but only when the closing level of each stock on an observation date is at or above 60% of its initial level; missed coupons can be paid later if conditions are met.

Beginning December 8, 2026 the notes are subject to automatic redemption if all three stocks are at or above their initial levels, returning principal plus any due coupons. If the notes are not called, principal is repaid at maturity only if no stock has fallen below its 60% trigger level; otherwise investors lose principal in line with the decline of the weakest stock, and could lose the entire amount. The estimated initial value is $959.86 per $1,000 note, below the 100% price to the public, and the notes are unsecured, uninsured obligations of Bank of Montreal.

Bank of Montreal is offering unsecured equity-linked notes tied to the MSCI EAFE Index®. The notes have a term expected between 23 and 26 months and pay no interest. At maturity, investors receive $1,000 per note plus a positive return if the index has risen, with a 160% upside participation rate, but returns are capped by a maximum settlement amount expected between $1,219.52 and $1,258.08 per $1,000.

If the index falls by up to 15% from its initial level, investors receive their $1,000 principal back. If it falls more than 15%, principal is reduced by about 1.1765% for every additional 1% decline below 85% of the initial level, so some or all principal can be lost. The notes will not be listed on an exchange, their estimated initial value is expected between $969.00 and $999.00 per $1,000, and all payments depend on Bank of Montreal’s credit. The U.S. tax treatment is uncertain and subject to change.

Bank of Montreal is offering Accelerated Return Notes® linked to the common stock of Apple Inc., maturing in February 2027. Each note has a $10 principal amount and provides a 300% participation rate in any positive price change of Apple shares from the pricing date to the calculation day, subject to a Capped Value between $11.80 and $12.20 per unit (an 18% to 22% maximum return over principal, set on the pricing date).

If the Ending Value of Apple stock is at or below the Starting Value, investors receive less than their principal and can lose their entire investment. The notes are senior unsecured debt of BMO, not insured by the CDIC or FDIC, and all payments depend on BMO’s credit. The initial estimated value is expected to range from $9.00 to $9.47 per unit, below the $10.00 public offering price, reflecting BMO’s internal funding rate, a $0.175 per-unit underwriting discount and a $0.05 per-unit hedging-related charge. The notes will not be listed on any securities exchange and are initially sold in minimum denominations of 100 units.

Bank of Montreal is offering senior medium-term Redeemable Fixed Rate Notes due December 18, 2028. Each Note has a $1,000 principal amount and pays a fixed interest rate of 4.10% per annum, with interest paid semi-annually on June 18 and December 18, starting June 18, 2026.

The Notes can be redeemed by Bank of Montreal, in whole but not in part, at 100% of principal plus accrued interest on optional redemption dates every June 18 and December 18 from December 18, 2026 through June 18, 2028. They are unsecured obligations of Bank of Montreal and are not insured by U.S. or Canadian deposit insurance agencies, so repayment depends on the bank’s creditworthiness.

The Notes are designated as bail-inable, meaning they may be converted into common shares of Bank of Montreal or its affiliates, or varied or extinguished, under Canadian bank resolution powers in a bail-in scenario. The Notes will not be listed on any securities exchange. The original issue price per Note is $1,000, including a $10 underwriting discount, resulting in $990 in proceeds to Bank of Montreal per Note.

Bank of Montreal is issuing $1,738,000 of Senior Medium-Term Notes, Series K, market-linked to the S&P 500® Index and maturing on December 3, 2030. For each $1,000 invested, holders get the full principal back at maturity if the index is flat or down, and a 1-to-1 upside participation if the index rises, capped at a Maximum Redemption Amount of $1,422.50, representing a 42.25% maximum return.

The notes pay no interest, are not listed on any exchange, and all payments depend on the creditworthiness of Bank of Montreal. The initial estimated value is $977.83 per $1,000, below the price to the public, reflecting offering, hedging and distribution costs, including a 0.25% agent commission and up to 0.75% referral fees. For U.S. tax purposes, the notes are expected to be treated as contingent payment debt instruments, meaning investors may recognize taxable income each year even though cash is only received at maturity.

Bank of Montreal is issuing US$993,000 of Senior Medium-Term Notes, Series K, Digital Return Barrier Notes due December 31, 2026, linked to the least performing of the S&P 500 Index and the Russell 2000 Index. The notes offer a fixed 10.20% digital return per $1,000 principal if the final level of the worst-performing index is at or above its initial level on the valuation date. If the worst-performing index finishes below its initial level but at or above 70% of that level, investors simply receive their $1,000 principal back.

If the worst-performing index closes below 70% of its initial level, repayment is reduced 1% for each 1% decline, with losses up to 100% of principal. The notes pay no periodic interest, are unsecured obligations of Bank of Montreal, and will not be listed on an exchange. The price to the public is 100% of principal, with a 1.93% selling commission, and the bank’s estimated initial value is $958.54 per $1,000.

Bank of Montreal is issuing US$2,647,000 of Senior Medium-Term Notes, Series K, Autocallable Barrier Enhanced Return Notes due November 30, 2028, linked to the least performing of the Dow Jones Industrial Average, Russell 2000 and S&P 500.

Beginning December 1, 2026, if on any Observation Date each index closes at or above its Initial Level, the notes are automatically redeemed at par plus a fixed Call Amount, equating to a return of about 10.25% per year.

If not called, investors get 200% of any positive performance of the worst-performing index at maturity. Principal is protected only down to a 30% decline; below that, losses match the index loss and can reach 100% of principal. The notes pay no interest, are unsecured and unlisted, and the estimated initial value is $936.03 per $1,000 face amount, below the issue price.

Bank of Montreal is offering US$3,830,000 of senior medium-term Autocallable Barrier Enhanced Return Notes due November 30, 2028, linked to the S&P 500® Index. These notes pay no interest and are unsecured obligations of Bank of Montreal, exposed to its credit risk and not insured by U.S. or Canadian deposit insurance schemes.

The notes may be automatically redeemed on December 1, 2026 if the S&P 500 closes above 100% of its Initial Level, returning principal plus a $74 per $1,000 Call Amount, equivalent to approximately 7.40% per annum. If not called, at maturity investors receive 1‑to‑1 upside on any index gain; full principal back if the index ends between 75% and 100% of its Initial Level; and a loss of 1% of principal for each 1% index decline below the 75% barrier, up to total loss.

The price to the public is 100% of principal, with an agent’s commission of approximately 3.1984%, resulting in proceeds to Bank of Montreal of about 96.8016% of the offering amount. The issuer’s estimated initial value is $948.75 per $1,000, reflecting offering, structuring and hedging costs, and the notes are not expected to be listed on any securities exchange, highlighting liquidity risk.

Bank of Montreal is offering US$5,000 of Senior Medium-Term Notes, Series K, in the form of autocallable barrier notes linked to Advanced Micro Devices, Inc. common stock. The notes pay a contingent coupon of 1.6667% per month (approximately 20.00% per annum) for each Observation Date on which AMD’s closing level is at or above the Coupon Barrier Level of $150.54, which is 70.00% of the Initial Level of $215.05.

Starting February 24, 2026, the notes are automatically redeemed if AMD closes above the Initial Level on an Observation Date, returning principal plus the applicable coupon. If the notes are not called and AMD’s Final Level is at or above the Trigger Level of $150.54, investors receive full principal back at maturity. If a Trigger Event occurs (Final Level below the Trigger Level), investors receive shares of AMD (or cash) equal to the defined Physical or Cash Delivery Amount, which may be worth significantly less than principal and can be zero.

The notes are unsecured obligations of Bank of Montreal, are not FDIC or CDIC insured, and have an estimated initial value of $958.53 per $1,000 principal on the pricing date. U.S. investors are expected to treat the notes as pre-paid contingent income-bearing derivative contracts for federal tax purposes, and the notes feature dealer commissions, potential market-making by BMOCM, and a temporary one-month upward pricing adjustment after issuance.

Bank of Montreal is issuing $1,537,000 of Senior Medium-Term Notes, Series K, in the form of autocallable barrier notes with contingent coupons linked to the least-performing of the S&P 500 Index (SPX) and the Russell 2000 Index (RTY). The notes pay a contingent coupon of 0.6167% per month (about 7.40% per year) only if, on each observation date, both indexes are at or above 80% of their initial levels.

Beginning May 26, 2026, the notes will be automatically redeemed if both indexes are at or above 100% of their initial levels, returning principal plus that period’s coupon. If the notes are not called and, at maturity, either index has fallen below its 80% trigger level, investors lose principal in line with the decline of the worst-performing index, up to a total loss. The estimated initial value is $959.80 per $1,000, below the price to the public, and the notes are unsecured obligations of Bank of Montreal with no FDIC or CDIC insurance.