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

BERZ NYSE

Every 424B that MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 424B covers the supplement that carries the terms of a priced offering, so if you follow BERZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BERZ filings page.

Rhea-AI Summary

Bank of Montreal issues US$1,173,000 Senior Medium-Term Notes, Series K (Barrier Notes with Contingent Coupons) due April 01, 2031. The notes pay semiannual contingent coupons of $40.75 per $1,000 (4.075% per semiannual period) when each Reference Asset meets its 70.00% coupon barrier on the Observation Date. At maturity investors receive $1,000 per $1,000 unless a Trigger Event occurs; if triggered, the cash payment equals $1,000 plus the Percentage Change of the least performing of INDU, RTY or SPX, which could result in a principal loss down to $0.00. Pricing Date is March 27, 2026, Settlement Date April 01, 2026, Valuation Date March 27, 2031, and Maturity Date April 01, 2031. The estimated initial value on the Pricing Date was $952.60 per $1,000.

Rhea-AI Summary

Bank of Montreal priced US$255,000 Senior Medium‑Term Notes, Series K, Autocallable Barrier Notes linked to Fair Isaac Corporation (FICO). The notes were priced on March 27, 2026 with settlement on April 1, 2026 and mature on April 2, 2029. They pay a contingent coupon of 4.90% per quarter (approximately 19.60% per annum) when the Reference Asset on an Observation Date is at or above a Coupon Barrier of $505.53 (50.00% of Initial Level). The notes are autocallable if the Reference Asset closes at or above the Call Level (100% of Initial Level) on an Observation Date; on automatic redemption investors receive principal plus the contingent coupon then due. At maturity, if not auto‑redeemed and if the Final Level is below the Trigger Level ($505.53), investors receive $1,000 × (1 + Percentage Change), which may be less than principal. The offering price was 100% ($1,000 per $1,000); proceeds to issuer were 98.00% ($249,900.00), agent’s commission 2.00% ($5,100.00). The pricing supplement states an estimated initial value of $960.26 per $1,000 on the Pricing Date.

Rhea-AI Summary

Bank of Montreal priced US$285,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the Class A common stock of Workday, Inc. The notes pay contingent quarterly coupons of 4.25% per quarter (approximately 17.00% per annum) if the Reference Asset on each Observation Date is at or above the Coupon Barrier of $62.09 (50.00% of the Initial Level). The notes are callable on Observation Dates if the Reference Asset is at or above the Call Level (100% of the Initial Level) and mature on April 02, 2029 with cash settlement. At maturity, if the Final Level is below the Trigger Level ($62.09), holders receive a prorated cash amount equal to $1,000 plus $1,000 times the Percentage Change, which may result in a loss of principal.

Rhea-AI Summary

Bank of Montreal offers US$135,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes linked to Palantir Technologies Inc. Class A common stock. The notes pay no interest, provide 150.00% upside leverage if not auto‑redeemed, may auto‑redeem on April 01, 2027 for a Call Amount of $250 per $1,000 principal, and expose holders to full credit risk of Bank of Montreal and up to 100% equity downside if the Reference Asset falls below a 60.00% Barrier of the Initial Level.

Rhea-AI Summary

Bank of Montreal priced US$2,225,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes linked to a basket of four indices/ETFs. The notes pay no interest, offer a 126.00% upside leverage on positive Basket performance, and feature an automatic early redemption on April 02, 2027 if the Basket is above its Call Level of 90.00%. If automatically redeemed, holders receive principal plus a $100 Call Amount per note. At maturity on April 01, 2031, non‑redeemed notes pay based on Basket performance with a Barrier Level at 65.00%, exposing investors to up to 100% principal loss if the Basket falls below the Barrier.

Rhea-AI Summary

Bank of Montreal priced US$4,489,000 Senior Medium-Term Notes, Series K: an autocallable barrier note with memory coupons due July 01, 2027, linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000. The Contingent Interest Rate is 1.175% per month (~14.10% per annum) and each contingent coupon equals $11.75 per $1,000 principal when payable.

The notes feature monthly observation/payment dates, an automatic redemption if all three indices are at or above their Call Levels on an Observation Date, and a downside payoff at maturity tied to the Least Performing Reference Asset if a Trigger Event occurs. The estimated initial value was $977.43 per $1,000 principal on the Pricing Date.

Rhea-AI Summary

Bank of Montreal is offering US$795,000 of Senior Medium-Term Notes, Series K: autocallable barrier notes due April 02, 2029, linked to the least performing of the VanEck® Gold Miners ETF (GDX), the NASDAQ-100 Index® (NDX) and the Russell 2000® Index (RTY). The notes pay a contingent coupon of 1.025% per month (approximately 12.30% per annum) if each Reference Asset on an Observation Date is at or above its 50% Coupon Barrier. Automatic redemption may occur beginning on September 29, 2026 if each Reference Asset is at or above its Call Level. At maturity, if not autocalled and if a Trigger Event (Final Level < Trigger Level) occurs for the Least Performing Reference Asset, holders receive $1,000 × (1 + Percentage Change of the Least Performing Reference Asset), which may be less than the principal and may be zero. The estimated initial value was $971.64 per $1,000 on the Pricing Date. The notes are unsecured senior obligations of Bank of Montreal and are not deposit insurance products.

Rhea-AI Summary

Bank of Montreal issued a pricing supplement to offer US$3,044,000 of Senior Medium‑Term Notes, Series K, Digital Return Barrier Notes due May 03, 2027, linked to the least performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average. The notes pay a 10.80% Digital Return at maturity if the Least Performing Reference Asset finishes at or above 70.00% of its Pricing Date level; otherwise investors suffer a dollar-for-dollar decline below that Barrier and may lose up to 100% of principal. Notes were priced at $1,000 per note (100%); agent commission 0.40%; proceeds to issuer 99.60%. Initial estimated value was $971.94 per $1,000. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk.

Rhea-AI Summary

Bank of Montreal priced US$2,706,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Pegasystems Inc. common stock. The notes pay contingent quarterly coupons of 2.7875% per quarter (approximately 11.15% per annum) subject to a Coupon Barrier at $20.16 (50.00% of the Initial Level). The Initial Level is $40.31, the Call Level is $40.31 and the Trigger Level is $20.16. The notes mature on March 29, 2029, may autocall beginning on the Observation Date for September 24, 2026, and pay cash only at maturity. The public offering price is 100% of principal (agents may sell to certain fee-based accounts at 97.5%); estimated initial value was $926.97 per $1,000.

Rhea-AI Summary

Bank of Montreal priced US$955,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of the S&P 500® and the Russell 2000®. Pricing Date was March 27, 2026, Settlement Date March 31, 2026, and Maturity Date March 29, 2029. The notes pay contingent quarterly coupons of 2.1875% per quarter (approximately 8.75% per annum) when each reference asset is at or above its coupon barrier (70.00% of initial level) on an Observation Date, and are automatically redeemed if both reference assets are at or above their Call Levels (100% of initial) on an Observation Date beginning September 25, 2026. At maturity, if not auto‑redeemed, the cash payment depends on the Percentage Change of the least performing reference asset; if that asset is below its Trigger Level (70.00% of initial), investors receive a reduced principal amount calculated as $1,000 + ($1,000 x Percentage Change of the Least Performing Reference Asset). The pricing supplement states an estimated initial value of $958.25 per $1,000 on the Pricing Date.

Rhea-AI Summary

Bank of Montreal priced US$2,333,000 of Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to Boston Scientific Corporation (ticker BSX). The notes settle on March 31, 2026 and mature on March 29, 2029. Each $1,000 principal note was offered at 100% with an estimated initial value of $967.49 per $1,000. Contingent quarterly coupons equal 2.625% per quarter (approximately 10.50% per annum) payable only if the Reference Asset meets the Coupon Barrier on Observation Dates; unpaid coupons may be paid later under the Memory Coupon Feature. The notes are autocallable beginning with the Observation Date on September 25, 2026 if the Reference Asset is at or above the Call Level. At maturity, if the Final Level is below the Trigger Level ($44.96, 65.00% of Initial Level), investors receive a reduced cash payment tied to the percentage change in the Reference Asset.

Rhea-AI Summary

Bank of Montreal priced a US$521,000 issue of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes — linked to the common stock of Axon Enterprise, Inc. The Pricing Date is March 27, 2026, Settlement Date April 01, 2026 and Maturity Date April 02, 2029. The notes pay a 4.925% per quarter contingent coupon (approximately 19.70% per annum) if the Reference Asset on each Observation Date is at or above the Coupon Barrier Level. The Initial Level is $429.94 and the Coupon Barrier and Trigger Level are $214.97 (50.00% of the Initial Level). The notes are autocallable if the Reference Asset is at or above the Call Level on an Observation Date. The public offering price is 100% of principal; the Pricing Supplement shows an estimated initial value of $956.56 per $1,000 principal amount and an agent’s commission of $10,420 (2.00%).

Rhea-AI Summary

Bank of Montreal priced US$1,833,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due April 02, 2029 — linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®.

Contingent coupons equal 0.8375% per month (about 10.05% per year) when each Reference Asset on an Observation Date is >= its Coupon Barrier (70% of Initial Level). Notes auto-redeem if all Reference Assets are >= Call Levels on an Observation Date beginning March 30, 2027. At maturity holders receive $1,000 per $1,000 unless a Trigger Event (any Final Level < 60% of Initial Level) reduces the cash payment proportionally to the Least Performing Reference Asset. Estimated initial value on the Pricing Date was $978.66 per $1,000.

Rhea-AI Summary

Bank of Montreal is offering US$554,000 in Senior Medium-Term Notes, Series K: autocallable barrier notes with contingent coupons linked to the least performing of XLE, SPX and XLK. The notes price at par and settle on April 01, 2026, maturing on April 02, 2029. Contingent coupons of 1.1792% per month (approximately 14.15% per annum) pay monthly if each reference asset on an Observation Date is >= its Coupon Barrier (70% of Initial Level). Beginning September 29, 2026, the notes auto‑redeem if each reference asset is >= its Call Level (100% of Initial Level) on an Observation Date. At maturity, if not auto‑redeemed, repayment depends on the Percentage Change of the Least Performing Reference Asset; a Trigger Event occurs if any Final Level is <70% of its Initial Level, reducing principal pro rata. The estimated initial value was $964.28 per $1,000 on the Pricing Date.

Rhea-AI Summary

Bank of Montreal priced US$190,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to Iron Mountain Incorporated common stock. The notes were priced on March 27, 2026 with settlement on April 01, 2026 and mature on May 03, 2027. Each note pays a 1.0667% per month contingent coupon (approximately 12.80% per annum) when the Reference Asset closes at or above a coupon barrier. The Initial Level of the Reference Asset is $98.30; the Coupon Barrier and Trigger Level are $69.79 (71.00% of the Initial Level). Beginning on September 30, 2026, the notes may be automatically redeemed if the Reference Asset is at or above the Call Level (100% of Initial Level) on an Observation Date. If not auto‑redeemed, maturity payment depends on stock performance; a Trigger Event occurs if the Final Level on April 28, 2027 is below the Trigger Level. The estimated initial value on the pricing date was $953.94 per $1,000.

Rhea-AI Summary

Bank of Montreal priced a US$93,000 issuance of Senior Medium-Term Notes — Autocallable Barrier Notes — linked to the common stock of Iron Mountain Incorporated ("IRM"). The notes pay a 1.275% monthly Contingent Coupon (approximately 15.30% per annum) if the Reference Asset closes at or above a Coupon Barrier of $69.79 (71.00% of the Initial Level) on each Observation Date. Beginning September 30, 2026 the notes are subject to automatic redemption if the Reference Asset closes at or above the Call Level (100% of the Initial Level). At maturity on May 03, 2027, if a Trigger Event has occurred (Final Level below the Trigger Level of $69.79), the cash payment is $1,000 adjusted by the Percentage Change in the Reference Asset and may be less than principal. The Pricing Date is March 27, 2026, Settlement Date April 01, 2026, and Valuation Date April 28, 2027. The estimated initial value was $968.28 per $1,000 principal amount on the Pricing Date.

Rhea-AI Summary

Bank of Montreal priced US$2,800,000 of Senior Medium-Term Notes, Series K — capped buffer enhanced return notes linked to the iShares® MSCI EAFE ETF ("EFA"). The notes pay 150.00% upside exposure to appreciation in EFA subject to a Maximum Redemption Amount of $1,254.00 per $1,000 at maturity on March 31, 2028, and provide a 10.00% buffer against declines (you retain principal unless EFA falls more than 10.00%). All payments are unsecured obligations of Bank of Montreal; notes do not pay interest, are cash‑settled, and are exposed to issuer credit risk.

Rhea-AI Summary

Bank of Montreal priced US$5,650,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of Salesforce, Inc. (CRM). Pricing Date was March 27, 2026, Settlement March 31, 2026 and Maturity April 02, 2029. The notes pay a Contingent Coupon of 1.25% per month (≈15.00% per annum) when the Reference Asset on an Observation Date is at or above the Coupon Barrier. The Initial Level is $179.31; the Coupon Barrier and Trigger Level are $107.59 (60.00% of Initial Level); the Call Level is 100% of the Initial Level. Price to public was 100%, agent’s commission 2.50% and proceeds to Bank of Montreal 97.50% ($5,508,750). Estimated initial value was $963.01 per $1,000. Payments at maturity depend on the Final Level on the Valuation Date; a Trigger Event (Final Level below Trigger Level) would reduce the principal payment.

Rhea-AI Summary

Bank of Montreal is offering Market Linked Securities — auto-callable, contingent-coupon, principal-at-risk notes linked to the lowest performing of Class A common stock of Meta Platforms, Inc. and common stock of NVIDIA Corporation. The original offering price is $1,000 per security with an estimated initial value of $948.41. The securities pay quarterly contingent coupons at a 19.60% per annum rate when the lowest-performing underlying equals or exceeds a 70% coupon threshold and may be automatically called if the lowest-performing underlying closes at or above its starting value on certain calculation days. If not called, maturity is March 30, 2029, and the maturity payment depends on the lowest-performing underlying: holders receive $1,000 if the final ending value is at or above the 70% downside threshold, otherwise the investor suffers proportional principal loss. The notes are unsecured obligations of Bank of Montreal and carry credit and withholding risks.

Rhea-AI Summary

Bank of Montreal is pricing principal-protected-like equity-linked notes tied to the S&P 500® Index with a trade date of March 27, 2026 and a stated maturity of August 16, 2027. Each note has a $1,000 principal amount and offers 150% upside participation subject to a $1,246.00 maximum settlement per note and a cap level of 116.40% of the initial underlier level (initial underlier level: 6,368.85). If the final underlier level is below the initial level, investors suffer full downside exposure, losing 1% of principal for every 1% decline.

Original issue proceeds total $12,000,000 (aggregate), with underwriting discount of $13.70 per note and proceeds to the issuer of $11,835,600. The notes are unsecured obligations of Bank of Montreal, not listed, not interest-bearing, and subject to issuer credit risk; estimated initial value per note is $983.09.

Rhea-AI Summary

Bank of Montreal offers Market Linked Securities — auto-callable, contingent-coupon, downside principal-at-risk notes linked to the lowest performing of Blackstone (BX), Datadog (DDOG) and Palantir (PLTR), maturing April 2, 2029. Each security has an original offering price of $1,000 and an estimated initial value of $943.95 per security on the pricing date.

Holders may receive monthly contingent coupons at a 24.45% per annum rate only if the lowest performing Underlier on each calculation day is at or above its 50% coupon threshold. If not auto-called, principal at maturity depends on the lowest performing Underlier: full face value if its ending value is at or above 50% of starting value, otherwise the maturity payment equals the face amount multiplied by the performance factor (risking loss of more than 50% or all principal).

Rhea-AI Summary

Bank of Montreal priced auto-callable, equity-index-linked securities due April 2, 2029. The securities pay a fixed monthly coupon of 7.40% per annum, have an original offering price of $1,000 and an estimated initial value of $957.33 per security as of the pricing date. They are unsecured obligations of Bank of Montreal and are exposed to the issuer's credit risk.

The payout is linked to the lowest performing of the Nasdaq-100 (starting 23,132.77), Russell 2000 (starting 2,449.695) and S&P 500 (starting 6,368.85). If not called early, principal at maturity depends solely on that lowest performing Underlier relative to a 75% threshold, so a decline below the threshold can cause loss of principal up to 100%.

Rhea-AI Summary

Bank of Montreal prices equity-linked, auto-callable notes tied to Freeport-McMoRan (FCX). The offering sells securities with a face amount of $1,000 per security and an original offering price of $1,000. The securities pay a contingent coupon of 14.00% per annum quarterly if the Underlier meets a coupon threshold, are auto-callable on quarterly observation dates if the Underlier is at or above the starting value, and mature on April 2, 2029 if not called. The starting value is $56.24 (pricing date March 27, 2026) and the coupon/downside threshold is $28.12 (50% of starting value). The issuer and payment source is the Bank of Montreal; payments are unsecured and subject to the bank's credit risk.

Rhea-AI Summary

Bank of Montreal is offering equity-index-linked senior medium-term notes with an original offering price of $1,000 per security. The notes are auto-callable on the first call date and mature on May 3, 2029. The payment at maturity or call depends on the performance of the lowest performing of the Nasdaq-100, Russell 2000 and S&P 500 indices.

The notes feature a 150% upside participation rate, a call premium of at least 22.80%, and a threshold equal to 75% of each starting value. If not called, maturity payments are calculated from the lowest-performing underlier; losses occur if that underlier falls below its threshold, exposing investors to full downside. Estimated initial value on the pricing date was $969.10, and proceeds to Bank of Montreal are $974.25 per security.

Rhea-AI Summary

The pricing supplement describes non-interest-bearing, principal‑at‑risk notes issued by Bank of Montreal linked to the Russell 2000® Index. For each $1,000 principal, the cash settlement at maturity depends on the index performance: a 300% upside participation applies to gains (capped at a maximum settlement amount), while losses pass through 1% for each 1% decline, potentially eliminating principal. Key commercial terms to be set on the trade date include the initial underlier level, the cap level (expected ~110.35%–112.15% of the initial level), the maximum settlement amount (expected ~$1,310.50–$1,364.50 per $1,000), and the stated maturity (determination date expected 20–23 months after trade date). The notes are unsecured obligations of Bank of Montreal, not FDIC/Canada Deposit Insurance insured, and carry issuer credit risk. The estimated initial value is expected to be ~$969.00–$999.00 per $1,000 and will be less than the original issue price.

Rhea-AI Summary

Bank of Montreal is offering market-linked senior medium-term notes (Series K) — leveraged upside participation, contingent downside principal-at-risk securities linked to the EURO STOXX 50® Index with a stated maturity date of November 2, 2029. The original offering price is $1,000 per security with proceeds to Bank of Montreal of $971.75 per security. The securities do not pay interest; the maturity payment depends on the index performance, an upside participation rate of at least 155.60%, and a threshold equal to 75% of the starting value. If the ending value is below the threshold, investors have full downside exposure and can lose more than 25% of face amount. Pricing date is April 30, 2026 and issue date is May 5, 2026. The issuer’s estimated initial value was $963.90 per security (floor at $913.00); this estimate is model-based and not a market price. These are unsecured obligations of Bank of Montreal and are subject to its credit risk.

Rhea-AI Summary

Bank of Montreal is offering market‑linked notes linked to the SPDR® Gold Trust (GLD) with an original offering price of $1,000 per note. The notes pay no interest, return principal at maturity and provide upside participation to a cap: an upside participation rate of 100% and a maximum return of at least $393.50 (at least 39.35%). Pricing date is April 29, 2026, issue date May 4, 2026 and stated maturity date May 2, 2030. On the preliminary pricing supplement the estimated initial value was $955.60 per note and the estimated value floor at pricing was $906.00 per note. The notes are unsecured obligations of Bank of Montreal and subject to issuer credit risk; they are not listed and may have limited secondary market liquidity. U.S. federal income tax treatment is expected to treat the notes as contingent payment debt instruments, causing annual taxable inclusions under a comparable yield regime.

Rhea-AI Summary

Bank of Montreal is offering Senior Medium-Term Notes, Series K: equity index linked securities tied to the Nasdaq-100 Index maturing on May 4, 2028. Each security has a $1,000 face amount and an original offering price of $1,000 per security.

The securities provide 200% upside participation up to a maximum return that will be at least $247.00 (24.70%) of face amount, a 10% buffer protecting against limited declines, and 1-to-1 downside exposure beyond the buffer. The estimated initial value at the preliminary pricing is $969.50 per security and will not be less than $920.00 at pricing.

Rhea-AI Summary

Bank of Montreal priced US$365,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of the S&P 500® and the Russell 2000®. The notes were priced on March 26, 2026 with settlement on March 31, 2026 and maturity on June 30, 2027. They pay a contingent coupon of 0.725% per month (approximately 8.70% per annum) when each reference asset is at or above its coupon barrier on observation dates, are subject to automatic redemption if both references are at or above their call levels on an observation date, and provide a principal‑at‑risk payoff at maturity based on the least performing reference asset. The pricing supplement shows an estimated initial value of $948.65 per $1,000 and a public offering price at par with an agent commission of 2.25%.

Rhea-AI Summary

Bank of Montreal is offering US$2,728,000 of Senior Medium‑Term Notes, Series K — capped buffer enhanced‑return notes linked to the S&P 500® Index due September 30, 2027. Each $1,000 note pays 150.00% of any index appreciation up to a Maximum Redemption Amount of $1,095.00. If the index falls more than the Buffer Percentage of 20.00% from the Initial Level (Initial Level: 6,477.16), investors lose 1% of principal for each 1% decline beyond 20.00%, with up to an 80.00% principal loss. The notes do not pay interest, are unsecured obligations of Bank of Montreal, are not exchange‑listed, and are subject to the issuer’s credit risk. The issuer’s estimated initial value was $957.44 per $1,000 and the public offering price was 100%.

Rhea-AI Summary

Bank of Montreal priced US$306,000 of Senior Medium-Term Market Linked Notes, Series K due March 30, 2029. The notes pay at maturity based on the least performing of the NASDAQ-100 Index (NDX) and the VanEck Semiconductor ETF (SMH), provide 100% participation up to a Maximum Redemption Amount of $1,210 per $1,000 (21.00% cap), return only principal if the least performing reference asset is flat or down, and are unsecured obligations of Bank of Montreal.

Rhea-AI Summary

Bank of Montreal (BMO) priced principal-protected-notes-style structured notes linked to the iShares® MSCI South Africa ETF (EZA). For each $1,000 note, if the final underlier level on the determination date is ≥75.00% of the initial level ($63.80), investors receive $1,191.10; otherwise they lose approximately 1.3333% of principal for each 1% the final level is below 75.00%. The notes mature September 28, 2027 (subject to postponement), are unsecured obligations of Bank of Montreal, not listed, and have an estimated initial value of $954.04 per $1,000 principal amount.

Rhea-AI Summary

Bank of Montreal priced US$4,081,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes due March 30, 2029. The notes pay no interest, provide 150.00% upside leverage to the least performing of INDU, NDX and RTY if not auto‑redeemed, and may auto‑redeem on April 01, 2027 if each Reference Asset closes above its Call Level.

If auto‑redeemed, each $1,000 note pays principal plus a $175 Call Amount (approx. 17.50% per annum). If not auto‑redeemed, maturity payoff depends on the Least Performing Reference Asset: full upside with 150% leverage if it finishes >= Initial Level; principal preserved if Final Level >= 70.00% (Barrier); otherwise losses equal the percentage decline of the Least Performing Reference Asset.

Rhea-AI Summary

Bank of Montreal priced US$1,518,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the S&P 500® Index. The notes mature on March 30, 2029 and can be automatically redeemed on April 01, 2027 if the S&P 500 closing level exceeds its Initial Level, in which case holders receive principal plus a $76 Call Amount per $1,000 (≈7.60% per annum). If not called, maturity payoffs depend on performance: full 1:1 participation in upside (100% Upside Leverage Factor) if the Final Level ≥ Initial Level; principal preserved if Final Level ≥ Barrier Level (75% of Initial Level); otherwise investors lose 1% of principal for each 1% decline below the Initial Level, up to a 100% loss. Price to public was 100% and the issuer’s estimated initial value was $934.55 per $1,000.

Rhea-AI Summary

Bank of Montreal (BERZ) launches US$1,656,000 series of Senior Medium-Term Notes — Capped Contingent Risk Absolute Return Buffer Notes due March 31, 2031. The notes provide 150.00% leveraged upside or downside exposure to the S&P 500® with a 20.00% buffer, a Maximum Redemption Amount of $1,400.00 and a Maximum Downside Redemption Amount of $1,300.00 per $1,000 principal. The Initial Level is 6,477.16 and the Buffer Level is 5,181.73 (80.00%). The notes do not bear interest, are unsecured obligations of Bank of Montreal, carry issuer credit risk, and had an estimated initial value of $917.62 per $1,000 on the Pricing Date.

Rhea-AI Summary

Bank of Montreal is offering US$706,000 of Senior Medium-Term Notes, Series K — Contingent Risk Absolute Return Buffer Notes due April 02, 2029 linked to the least performing of the NASDAQ-100 Index (NDX), XLK and VTI. The notes provide 102.50% upside leverage if the least performing reference asset rises. A 75.00% buffer applies: if the least performing asset finishes at or above 75.00% of its Initial Level you can receive a positive downside payment up to the Maximum Downside Redemption Amount of $1,250.00 per $1,000. If the least performing asset falls below the buffer, holders lose 1% of principal for each 1% decline beyond 25.00% and could lose up to 75.00% of principal. Notes pay no interest, are unsecured, subject to Bank of Montreal credit risk, not exchange-listed, and have an estimated initial value of $983.04 per $1,000. Terms include a Pricing Date March 26, 2026, Settlement Date March 31, 2026, Valuation Date March 27, 2029, and Maturity Date April 02, 2029.

Rhea-AI Summary

Bank of Montreal priced US$3,106,000 of Senior Medium-Term Notes, Series K: autocallable barrier notes linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000. The notes mature on March 30, 2029, settle March 31, 2026, and begin automatic redemption observations on April 1, 2027. Investors receive specified Call Amounts on specified Observation Dates if all three indices close at or above 90% of their Initial Levels; otherwise final payment at maturity depends on the Least Performing Reference Asset and may be less than principal if a Trigger Event (70% barrier) occurs. The public offering price was 100% of principal and the estimated initial value was $950.48 per $1,000 principal.

Rhea-AI Summary

Bank of Montreal (issuer) priced US$926,000 of Senior Medium-Term Autocallable Barrier Notes, Series K, due March 31, 2028, linked to the least performing of the VanEck® Semiconductor ETF (SMH) and the Dow Jones Industrial Average® (INDU). The notes pay monthly contingent coupons of 1.0208% per month (approximately 12.25% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier Level. The notes may be automatically redeemed beginning on March 25, 2027, if both reference assets close at or above their Call Levels. At maturity, if not called, holders receive $1,000 per $1,000 unless a Trigger Event occurs; if a Trigger Event occurs, the maturity payment equals $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset, which can be less than principal. Initial levels: SMH $380.84, INDU 45,960.11; Coupon/Trigger Levels are $266.59 and 32,172.08 (70% of initial levels). The estimated initial value was $944.09 per $1,000.

Rhea-AI Summary

Bank of Montreal (issuer) priced US$797,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes — linked to the least performing of VanEck® Gold Miners ETF (GDX), the Russell 2000® Index (RTY) and the Nasdaq-100 Technology Sector Index (NDXT). The notes price on March 26, 2026, settle March 31, 2026 and mature March 30, 2029. They pay monthly contingent coupons of 1.0417% per month (~12.50% per annum) when each reference asset is at or above its coupon barrier on observation dates. The notes are subject to automatic redemption if, on any observation date beginning September 25, 2026, each reference asset is at or above its Call Level (100% of its Initial Level). At maturity, if a Trigger Event occurred (any reference asset below its Trigger Level, 50% of initial), investors receive $1,000 adjusted by the percentage change of the least performing reference asset; payments can be significantly less than principal. The estimated initial value on the pricing date was $929.83 per $1,000.

Rhea-AI Summary

Bank of Montreal prices a $1,261,000 offering of Senior Medium‑Term Notes, Series K — Contingent Risk Absolute Return Buffer Notes linked to the Russell 2000® Index. The notes mature on March 31, 2028 and provide 1:1 upside participation capped at a $1,220.00 maximum redemption per $1,000 principal (22.00%). If the index declines but finishes at or above an 80.00% Buffer Level, investors receive a positive capped downside payment (up to $1,200.00 per $1,000). If the Final Level is below the Buffer Level, holders lose 1% of principal for each 1% decline beyond the 20.00% buffer and could lose up to 80.00% of principal. Payments are subject to Bank of Montreal credit risk.

Rhea-AI Summary

Bank of Montreal is offering US$47,000 in Senior Medium‑Term Notes, Series K (Buffer Enhanced Return Notes) due March 31, 2031. The notes provide 146.50% upside leverage on any appreciation in the S&P 500® Futures Excess Return Index and return principal only if the Reference Asset does not fall more than 20.00% from its Initial Level.

If the Reference Asset’s Final Level is below the Buffer Level (80.00% of the Initial Level), investors lose 1% of principal for each 1% decline beyond the 20.00% buffer, with up to an 80.00% principal loss possible. The notes pay no interest, are unsecured obligations of Bank of Montreal, are subject to issuer credit risk, and have an estimated initial value of $913.77 per $1,000 on the Pricing Date.

Rhea-AI Summary

Bank of Montreal (issuer) priced US$1,770,000 of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Contingent Coupons due March 30, 2029, linked to the least performing of the S&P 500, Russell 2000 and Nasdaq-100 Technology Sector indices. Coupons equal 0.6667% per month (~8.00% per annum) if on an Observation Date each reference asset is ≥ its Coupon Barrier (70% of Initial Level). Notes may auto-redeem beginning on September 25, 2026 if all Reference Assets close ≥ their Call Levels (100% of Initial Levels). At maturity, if any Reference Asset’s Final Level is below its Trigger Level (70% of Initial Level), repayment is reduced pro rata based on the Percentage Change of the Least Performing Reference Asset; payoff can be as low as $0.00 per $1,000. Estimated initial value on the Pricing Date was $934.02 per $1,000.

Rhea-AI Summary

Bank of Montreal priced US$514,000 in Senior Medium‑Term Notes, Series K — Autocallable Barrier Enhanced Return Notes due March 30, 2029. The notes offer 200.00% upside leverage to appreciation of the least performing of INDU, RTY and SPX, subject to an automatic early redemption feature beginning on April 01, 2027.

If auto‑redeemed on an Observation Date, investors receive principal plus the Call Amount (approximately 10.25% per annum). If not redeemed and the Least Performing Reference Asset falls below the Barrier (70.00% of Initial Level), investors lose 1% of principal for each 1% decline, potentially losing up to 100% of principal. All payments are unsecured and subject to Bank of Montreal credit risk.

Rhea-AI Summary

Bank of Montreal priced a US$3,108,000 offering of Senior Medium-Term Notes, Series K — Step Down Autocallable Barrier Notes due March 29, 2029 — linked to the least performing of XLB and XLI. The notes may auto‑redeem on specified Observation Dates beginning September 28, 2026 for stated Call Amounts; if not called, maturity payoff depends on the Least Performing Reference Asset relative to a 70.00% Trigger Level and may return less than principal. The pricing date was March 26, 2026, settlement on March 31, 2026, and the estimated initial value was $968.89 per $1,000 principal on the Pricing Date. The public offering price was 100% (with certain advisory accounts offered between $979.00 and $1,000), and the cover shows an aggregate Agent's Commission of 2.10% ($65,268) with proceeds to the issuer of 97.90% ($3,042,732).

Rhea-AI Summary

Bank of Montreal (BMO) priced a US$665,000 offering of Senior Medium-Term Notes, Series K: Autoca llable Barrier Notes linked to the least performing of the S&P 500®, Russell 2000® and the Nasdaq-100 Technology Sector Index.

The notes price at 100% of principal, settle March 31, 2026, and mature March 29, 2030, with multiple observation dates beginning April 1, 2027 and potential automatic redemptions paying specified Call Amounts. At issuance the estimated initial value is $916.47 per $1,000.

Rhea-AI Summary

Bank of Montreal files a pricing supplement to offer US$442,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of the S&P 500®, Russell 2000® and the Dow Jones Industrial Average®. The notes pay contingent monthly coupons of 0.6042% per month (approximately 7.25% per annum) if, on each observation date, every reference asset is at or above its coupon barrier (75% of the initial level). The notes may be automatically redeemed beginning on March 25, 2027 if all reference assets are at or above their call levels; if not redeemed, the maturity payoff depends on the performance of the least performing index and may return less than principal. The Pricing Date is March 26, 2026, settlement on March 31, 2026, valuation date March 27, 2029, and maturity March 30, 2029. The estimated initial value on the Pricing Date was $927.22 per $1,000 principal.

Rhea-AI Summary

Bank of Montreal priced US$132,000 Senior Medium-Term Notes, Series K: callable Barrier Notes with Contingent Coupons linked to the Least Performing of the S&P 500, Russell 2000 and Nasdaq-100 Technology Sector indices. Pricing Date was March 26, 2026; Settlement Date March 31, 2026; Maturity Date March 29, 2030. The notes pay a monthly Contingent Coupon of 0.6667% (approximately 8.00% per annum) when each Reference Asset is at or above a Coupon Barrier (set at 70.00% of the Initial Level). If, on the Valuation Date, any Reference Asset is below its Trigger Level (also 70.00% of Initial Level), investors receive at maturity $1,000 plus the Percentage Change of the least performing Reference Asset, which may reduce principal substantially. The estimated initial value was $913.37 per $1,000 principal amount.

Rhea-AI Summary

Bank of Montreal priced US$348,000 of Senior Medium-Term Notes, Series K: autocallable barrier notes with contingent monthly coupons due February 29, 2028, linked to the least performing of the S&P 500, Russell 2000 and Nasdaq-100 Technology Sector Index. The Pricing Date is March 26, 2026, Settlement Date March 31, 2026, Valuation Date February 24, 2028. Coupons of 0.7333% per month (approximately 8.80% per annum) are payable monthly if each Reference Asset is at or above its Coupon Barrier on observation dates; beginning September 25, 2026 the notes may autocall if each Reference Asset is at or above its Call Level. At maturity, if not called, principal repayment depends on the least performing Reference Asset and may be less than principal if a Trigger Event occurs. The cover shows an estimated initial value of $943.12 per $1,000 on the Pricing Date and public offering price between $979.75 and $1,000 per $1,000 for certain accounts.

Rhea-AI Summary

Bank of Montreal is offering US$611,000 of Senior Medium-Term Notes, Series K — Digital Return Barrier Notes due April 30, 2027. Each note has a $1,000 denomination and pays a Digital Return of 10.70% if the Least Performing Reference Asset (the lower of the S&P 500® and Russell 2000®) finishes at or above 100.00% of its March 26, 2026 level. If the Least Performing Reference Asset falls below 70.00% of its Initial Level, investors lose 1% of principal for each 1% decline, potentially losing up to 100% of principal at maturity. Payments are unsecured obligations of Bank of Montreal; all payments are subject to the issuer’s credit risk. The notes will not be listed and have an estimated initial value of $945.62 per $1,000.

Rhea-AI Summary

Bank of Montreal is offering US$432,000 aggregate principal amount of Senior Medium‑Term Notes, Series K — Capped Buffer Enhanced Return Notes due March 30, 2029. The notes provide 150.00% leveraged upside to the S&P 500® up to a Maximum Redemption Amount of $1,233.00 per $1,000 principal. The structure returns principal in full if the S&P 500® does not fall more than 20.00% (the Buffer Level) but otherwise exposes investors to losses of 1% per 1% decline beyond that buffer, up to an 80.00% loss of principal. The notes do not pay interest, are unsecured obligations of Bank of Montreal, and all payments depend on the Bank’s creditworthiness. The notes will not be listed and were priced at 100% of principal with an estimated initial value of $938.91 per $1,000.