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.
Bank of Montreal priced US$17,662,000 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 the Nasdaq‑100 Technology Sector. Pricing Date was March 17, 2026 and Settlement Date is March 20, 2026. The notes pay a contingent coupon of 1.125% per month (approximately 13.50% per annum) on each monthly coupon date if all Reference Assets close on or above their Coupon Barrier Levels (each set at 75.00% of the Initial Level). The notes mature on March 20, 2028 with a Valuation Date of March 15, 2028. If, at maturity, the Least Performing Reference Asset is below its Trigger Level (75.00% of Initial Level), investors receive $1,000 × (1 + Percentage Change of the Least Performing Reference Asset), which may be less than principal and could be zero. The cover reports an estimated initial value of $984.06 per $1,000 on the Pricing Date.
Bank of Montreal priced US$615,000 of Senior Medium-Term Notes, Series K — Buffer Notes due March 20, 2029 linked to shares of State Street® SPDR® S&P 500® ETF Trust (SPY). The notes provide 87.25% upside participation if SPY finishes at or above its Initial Level and a 20.00% downside buffer: investors receive full principal at maturity unless SPY falls more than 20.00% from the Initial Level of $670.79 (Buffer Level $536.63), after which losses accrue 1% per 1% decline, up to an 80.00% principal loss. The notes pay no interest, are unsecured obligations of Bank of Montreal, priced to public at 100% (agent commission 0.75%), and will be settled in cash only.
Bank of Montreal (BMO) prices a US$1,941,000 offering of Senior Medium-Term Notes, Series K — Capped Barrier Enhanced Return Notes due March 20, 2031 linked to the least performing of the S&P 500® and the NASDAQ-100®. The notes provide 200.00% upside leverage on the least performing index subject to a Maximum Redemption Amount of $1,740.00 per $1,000 and a 74.00% Maximum Return. If the least performing index falls below the 70.00% Barrier Level, investors lose 1% of principal for each 1% decline below the Initial Level and may lose up to 100% of principal at maturity. The notes are unsecured obligations of Bank of Montreal, do not pay interest, will not be listed, and are subject to BMO credit risk.
Bank of Montreal priced a primary offering of non‑interest notes linked to an unequally weighted international equity basket. The notes trade date is March 17, 2026, original issue date March 20, 2026, and stated maturity is May 28, 2027 (subject to postponement).
The notes pay at maturity based on a weighted basket (EURO STOXX 50 40%, TOPIX 25%, FTSE 100 17%, SMI 11%, S&P/ASX 200 7%). Key economics per $1,000 principal: upside participation 230%; cap level 107.67%; maximum settlement $1,176.41; buffer level 87.50% (buffer rate ≈ 114.29%). If final basket < buffer, losses apply ~1.1429% of principal per 1% decline below 87.50%. The original issue price is $1,000.00 per note and total principal offered is $3,120,000.00. The issuer’s initial estimated value was $992.93 per $1,000.
Payments are unsecured obligations of Bank of Montreal and subject to its credit risk; the notes will not be listed and are designed to be held to maturity.
Bank of Montreal priced non‑interest notes linked to the S&P 500® Index with a $1,000 principal per note and a stated maturity of April 21, 2027 (determination date April 19, 2027). The notes pay a threshold settlement amount of $1,099.00 per $1,000 principal if the final index level is ≥ 90.00% of the initial level (initial level 6,716.09). If the final level is below the 90.00% threshold, holders lose approximately 1.1111% of principal for each 1% decline below the threshold, potentially losing some or all principal. The original issue price is $1,000.00 per note, underwriting discount $9.30, proceeds to Bank of Montreal $990.70, aggregate offering $1,750,000.00. The issuer’s estimated initial value is $984.91 per $1,000, which is less than the issue price. The notes are unsecured obligations of Bank of Montreal, not listed, not FDIC/Canada Deposit Insurance Corporation insured, and subject to issuer credit risk.
Bank of Montreal is offering Senior Medium-Term Notes, Series K: redeemable fixed-rate notes due March 31, 2031 with a 4.55% fixed annual interest rate, paid semi‑annually and issued at $1,000 per note on March 31, 2026.
The Notes pay $1,000 at maturity unless earlier redeemed by the issuer on semi‑annual Optional Redemption Dates from March 31, 2027 through September 30, 2030 at 100% plus accrued interest. These Notes are bail-inable under the CDIC Act and may be converted into common shares under subsection 39.2(2.3).
The original issue price is $1,000.00 per Note, the underwriting discount is $15.00, and proceeds to the issuer are $985.00 per Note. The Notes will not be listed on any securities exchange.
Bank of Montreal (BMO) is offering unsecured, ETF‑linked senior medium‑term notes due March 22, 2029 with a face amount of $1,000 per security. The securities are auto‑callable, linked to the lowest performing of GLD, IEF and XME, and pay a contingent monthly coupon of 9.75% per annum with a memory feature.
The pricing date was March 17, 2026; the issuer’s estimated initial value was $954.74 per security and the original offering price is $1,000. If not auto‑called, maturity payoff depends on the lowest performing Underlier: full face amount if the ending value is >= 60% of its starting value, otherwise a pro rata principal loss (e.g., a 45% ending performance yields $450). Payments are subject to BMO credit risk and the notes are not FDIC‑insured.
Bank of Montreal priced a US$1,000,000 offering of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®.
The notes have a Pricing Date of March 16, 2026, a Settlement Date of March 19, 2026, a Valuation Date of March 15, 2028 and a Maturity Date of March 20, 2028. Contingent coupons equal 0.9417% per month (approximately 11.30% per annum) are payable monthly if each reference asset closes on an Observation Date at or above its Coupon Barrier Level (each barrier is 70.00% of the Initial Level). If any Reference Asset closes below its Trigger Level on the Valuation Date, the payment at maturity will reflect the percentage decline of the least performing Reference Asset and may be less than, or equal to, zero for each $1,000 principal. The estimated initial value on the Pricing Date was $984.76 per $1,000 principal amount, and the public offering price ranged between $993.00 and $1,000.00 per $1,000 principal amount.
Bank of Montreal priced US$400,000 Senior Medium-Term Notes, Series K: Barrier Notes with Contingent Coupons linked to the least performing of the NASDAQ-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX). The Pricing Date was March 16, 2026, Settlement Date March 19, 2026 and Maturity Date March 19, 2029.
The notes pay a contingent coupon of 0.7667% per month (approximately 9.20% per annum) on each monthly coupon date if each Reference Asset is at or above its Coupon Barrier Level on the Observation Date. Coupon Barrier and Trigger Levels are set at 70.00% of each Initial Level (NDX: 17,258.74; RTY: 1,752.304; SPX: 4,689.57). The issuer estimated an initial value of $974.83 per $1,000 principal on the Pricing Date.
At maturity, if no Trigger Event occurs you receive $1,000 per $1,000. If a Trigger Event occurs (any Reference Asset Final Level below its Trigger Level on the Valuation Date March 14, 2029), the cash payment equals $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset and may be less than principal, potentially down to zero. Terms are subject to adjustments by the Calculation Agent and market disruption provisions.
Bank of Montreal priced US$389,000 Series K Senior Medium-Term Notes — autocal lable barrier notes linked to the common stock of PayPal Holdings, Inc. (PYPL). The Pricing Date was March 16, 2026, Settlement Date March 19, 2026, and Maturity Date March 21, 2028. The public offering price was 100% of principal and proceeds to Bank of Montreal were 98.15% after an agent’s commission of 1.85%.
The notes pay a Contingent Interest Rate of 3.6475% per quarter (approximately 14.59% per annum) on each Contingent Coupon Payment Date if the Reference Asset closes at or above the Coupon Barrier Level on the corresponding Observation Date. The Coupon Barrier and Trigger Level are both $27.25 (60.00% of the Initial Level). Beginning on September 16, 2026, the notes will be automatically redeemed if the Reference Asset closes at or above the Call Level (100% of the Initial Level) on any Observation Date; automatic redemption pays principal plus the applicable contingent coupon. At maturity, if a Trigger Event has occurred (Final Level below the Trigger Level), payment will be physical delivery of shares equal to $1,000 divided by the Initial Level (or cash at issuer’s election). The estimated initial value on the Pricing Date was $967.49 per $1,000 principal amount.
Bank of Montreal priced US$273,000 Senior Medium-Term Notes, Series K—a five-year Barrier Note with Contingent Coupons linked to the least performing of the NASDAQ-100, Russell 2000 and S&P 500. The Pricing Date was March 16, 2026, Settlement Date March 19, 2026, and Maturity Date March 19, 2031.
The notes pay a Contingent Coupon of 0.71% per month (about 8.52% per annum) on each monthly coupon date if each Reference Asset’s closing level on the Observation Date is at or above its Coupon Barrier Level (each set at 70.00% of the Initial Level). At maturity you receive $1,000 per $1,000 principal unless a Trigger Event occurs; if a Trigger Event occurs you receive $1,000 plus the $1,000 multiplied by the Percentage Change of the Least Performing Reference Asset, which may be less than principal or zero. The estimated initial value was $976.81 per $1,000.
Bank of Montreal is offering US$500,000 aggregate principal of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons linked to the common stock of ConocoPhillips (ticker COP). The notes price at 100% ($1,000 per $1,000) with proceeds to Bank of Montreal of $487,500. The notes pay a contingent quarterly coupon of 2.5375% per quarter (approximately 10.15% per annum) if the Reference Asset closes at or above the Coupon Barrier of $78.86 (65.00% of the Initial Level). The Initial Level is $121.32, the Call Level equals the Initial Level, the Valuation Date is March 14, 2029, and Maturity Date is March 19, 2029. The notes are automatically redeemed if the Reference Asset closes at or above the Call Level on an Observation Date; if not autocalled, maturity payout depends on Final Level versus Trigger Level ($78.86) and may return less than principal. The estimated initial value was $964.66 per $1,000 principal.
Bank of Montreal priced a structured, non‑interest note linked to the VanEck® Gold Miners ETF (GDX). The notes have a $1,000 original issue price per note, an underwriting discount of $10.90, and expected proceeds to Bank of Montreal of $989.10 per note.
Holders receive a cash settlement at maturity based on the ETF's performance versus a threshold equal to 90.00% of the initial level. If the final underlier level is ≥ threshold, each $1,000 note pays a threshold settlement amount expected between $1,248.30 and $1,291.40. If below the threshold, holders lose approximately 1.1111% of principal for each 1% decline below the threshold, and could lose all principal. The notes are unsecured obligations of Bank of Montreal (CUSIP 06376KDW5).
Bank of Montreal is offering principal-protected-linked notes tied to the VanEck® Gold Miners ETF (GDX) with a $1,000 principal amount per note and an aggregate original issue amount of $10,300,000. The notes do not pay interest and mature on March 20, 2028 (subject to postponement). If the final underlier level on the determination date is at or above 75.00% of the initial level ($94.38), each note will pay a fixed $1,275.00. If the final underlier level is below 75.00%, holders bear a leveraged downside: they lose approximately 1.3333% of principal for each 1% the final underlier level is below the threshold, potentially losing some or all principal.
Original issue price was $1,000.00 per note; estimated initial value was $967.01 per note and proceeds to BMO were $10,094,000. The notes are unsecured obligations of Bank of Montreal, not listed on any exchange, intended to be held to maturity, and subject to the issuer’s credit risk and a range of market, tax and index-related risks described in the supplement.
Bank of Montreal priced a US$4,076,000 offering of Senior Medium-Term Notes, Series K—Callable Barrier Notes with Contingent Coupons due September 20, 2027.
The notes link to the least performing of the S&P 500® Index and the Russell 2000® Index, pay a contingent coupon of 0.8175% per month (approximately 9.81% per annum) when each reference asset is at or above a 70.00% coupon barrier on observation dates, and are callable by the issuer beginning on September 16, 2026. Price to public was 100% of principal with estimated initial value $977.37 per $1,000 principal amount.
Bank of Montreal priced US$4,585,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due March 19, 2029, linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®. The notes pay monthly contingent coupons of 0.8333% per month (~10.00% per annum) when all reference assets are at or above 70% of their initial levels, feature an automatic redemption if all reference assets are at or above 100% of initial levels on an observation date beginning March 16, 2027, and return principal at maturity unless the least performing index is below its trigger level (62.50% of initial), in which case investors suffer downside tied to that index’s percentage change. Initial estimated value was $989.20 per $1,000 principal.
Bank of Montreal priced US$963,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due March 19, 2029.
The notes link to the S&P 500, Russell 2000 and Dow Jones Industrial Average. They pay a contingent coupon of 0.60% per month (approximately 7.20% per annum) when each Reference Asset on an Observation Date is at or above its Coupon Barrier (60% of initial level). Beginning March 16, 2027, the notes are subject to automatic redemption if each Reference Asset is at or above its Call Level (100% of initial level) on an Observation Date.
At maturity, if a Trigger Event occurs (any Final Level below its Trigger Level of 60% of initial), holders receive $1,000 × (1 + Percentage Change of the Least Performing Reference Asset), which may be less than principal. Estimated initial value was $962.18 per $1,000 principal on the Pricing Date.
Bank of Montreal priced a US$15,000 Senior Medium-Term Note offering: Autocallable Barrier Notes with Memory Coupons linked to Shopify Inc. Class A shares, maturing March 19, 2029. The notes pay contingent quarterly coupons of 3.825% (approximately 15.30% per annum) if the Reference Asset closes at or above a coupon barrier of $73.78 (60.00% of the Initial Level) on Observation Dates. The notes can be automatically redeemed if the Reference Asset closes at or above the Call Level (100% of the Initial Level) on an Observation Date; at maturity, if the Final Level is below the Trigger Level ($73.78), principal is reduced pro rata based on the Percentage Change. The pricing supplement states an estimated initial value of $915.05 per $1,000 principal on the Pricing Date and discloses agent commissions and proceeds to the issuer.
Bank of Montreal priced US$2,908,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due March 18, 2031, linked to the least performing of the S&P 500®, Russell 2000® and Dow Jones Industrial Average®. The Pricing Date was March 13, 2026 and Settlement Date is March 18, 2026.
The notes pay a quarterly contingent coupon of 1.8375% per quarter (approximately 7.35% per annum) when each Reference Asset on an Observation Date is at or above its Coupon Barrier Level (each barrier equals 65.00% of the Initial Level). The notes are subject to automatic redemption beginning on March 15, 2027 if all Reference Assets are at or above their Call Levels; otherwise the maturity payment depends on the Percentage Change of the Least Performing Reference Asset. The estimated initial value on the Pricing Date was $951.28 per $1,000 in principal amount.
Bank of Montreal priced US$6,284,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes due March 19, 2029 linked to the least performing of the S&P 500®, EURO STOXX 50® and Russell 2000®. Pricing Date was March 13, 2026 and Settlement Date is March 18, 2026.
The notes pay a Contingent Coupon of 2.585% per quarter (approximately 10.34% per annum) when each Reference Asset at an Observation Date is >= its Coupon Barrier (70% of Initial Level). Automatic redemption occurs if each Reference Asset on an Observation Date is >= its Call Level (100% of Initial Level); investors receive principal plus the then‑due Contingent Coupon. At maturity, if any Reference Asset’s Final Level is below its Trigger Level (70% of Initial Level), the payment equals $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset, which may be less than principal and possibly zero. The estimated initial value on the Pricing Date was $959.02 per $1,000 principal amount. The public offering price is 100% with an agent commission of 2.35%.
Bank of Montreal priced US$954,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due March 19, 2029.
The notes link to the least performing of the S&P 500®, the Russell 2000® and the Dow Jones Industrial Average®. Pricing Date was March 13, 2026, Settlement Date March 18, 2026, and Valuation Date March 14, 2029. Coupons are contingent and pay 0.6583% per month (approximately 7.90% per annum) when each Reference Asset on an Observation Date is at or above its Coupon Barrier (65.00% of Initial Level).
The notes are subject to an automatic redemption mechanism beginning on March 16, 2027 if each Reference Asset is at or above its Call Level (100% of Initial Level) on an Observation Date. At maturity, if a Trigger Event occurs for the Least Performing Reference Asset (Final Level below 65.00% of Initial Level), holders receive $1,000 plus the percentage change of that asset, which may result in less than principal or zero. Estimated initial value on the Pricing Date was $961.22 per $1,000 principal amount.
Bank of Montreal priced a US$1,000,000 issuance of Senior Medium-Term Notes, Series K, Buffer Enhanced Return Notes due March 19, 2029. The notes reference the S&P 500® and NASDAQ-100® and pay 107.15% of any appreciation of the least performing index.
If the least performing index declines more than the 20.00% Buffer Level, investors lose 1% of principal for each 1% decline beyond the buffer (up to an 80.00% principal loss). Pricing date was March 13, 2026, settlement March 18, 2026, valuation date March 14, 2029. Price to public was 100% and the initial estimated value was $985.21 per $1,000 note.
Bank of Montreal priced US$2,050,000 Senior Medium-Term Notes, Series K — Contingent Risk Absolute Return Barrier Notes due March 19, 2029. The notes reference the S&P 500®, Russell 2000® and the Dow Jones Industrial Average® and apply a 125.70% upside leverage to the least performing index.
The notes pay at maturity based on the Percentage Change of the Least Performing Reference Asset, feature a 70.00% Barrier Level and a Maximum Downside Redemption Amount of $1,300.00 per $1,000 principal. All payments are subject to Bank of Montreal credit risk; the pricing supplement shows an estimated initial value of $958.50 per $1,000 and a public offering price of $1,000 per $1,000.
Bank of Montreal priced US$1,080,000 Senior Medium‑Term Notes, Series K. These are capped barrier enhanced return notes due March 18, 2030, linked to the least performing of the S&P 500® and NASDAQ‑100®.
The notes provide 150.00% upside leverage on any appreciation of the least performing reference asset up to a Maximum Redemption Amount of $1,710.00 per $1,000 (a 71.00% cap). A Barrier at 70.00% of the Initial Level applies: if the least performing asset falls below the Barrier, investors lose principal on a 1:1 basis and may lose up to 100% of principal. Pricing Date was March 13, 2026, settlement March 18, 2026 and valuation/maturity dates are in March 2030.
Bank of Montreal priced US$1,000,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Enhanced Return Notes linked to the shares of the iShares MSCI EAFE ETF (EFA). The notes mature on March 18, 2031 and carry a 150.00% upside leverage factor.
The notes are subject to an automatic redemption on March 22, 2027 if the Reference Asset closes above its Call Level (100% of the Initial Level), in which case holders receive principal plus a Call Amount of $118.60 per $1,000 (about 11.86% per annum). The Initial Level was $96.30, the Trigger Level is $77.04 (80.00% of Initial Level), and there is no principal protection at maturity if a Trigger Event occurs. Estimated initial value was $950.96 per $1,000; price to public is 100% with an agent commission of 2.20%.
Bank of Montreal priced a US$1,000,000 Senior Medium-Term Note issue: Series K Autocallable Barrier Notes with Contingent Coupons linked to the common stock of Apple Inc.
The notes price was $1,000,000 principal at 100% of par, with an estimated initial value of $967.05 per $1,000. Key terms: Initial Level $250.12, Contingent Interest Rate 1.8875% per quarter (approximately 7.55% per annum), Coupon Barrier and Trigger Level $150.07 (60% of Initial Level), Observation Dates three trading days prior to quarterly coupon dates, Pricing Date March 13, 2026, Settlement Date March 18, 2026, Valuation Date March 14, 2029, and Maturity Date March 19, 2029. The notes are cash-settled at maturity and include an automatic redemption feature if the Reference Asset closes at or above the Call Level on an Observation Date.
Bank of Montreal priced US$1,000,000 Senior Medium-Term Notes, Series K — Barrier Notes with Contingent Coupons — linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 and the S&P 500. Pricing Date: March 13, 2026; Settlement Date: March 18, 2026; Maturity Date: March 18, 2031.
Each monthly Contingent Coupon pays 0.5833% per month (~7.00% per annum) if, on the Observation Date, each reference asset is at or above its Coupon Barrier Level (each Barrier = 59.00% of the Initial Level). At maturity, holders receive $1,000 per note unless a Trigger Event occurs. If a Trigger Event occurs, maturity proceeds equal $1,000 + $1,000 × Percentage Change of the Least Performing Reference Asset, which can be below principal and as low as $0 in the worst case. The pricing supplement shows an estimated initial value of $964.56 per $1,000 principal amount on the Pricing Date.
Bank of Montreal priced $5,234,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of Netflix, Inc.
The notes pay a contingent monthly coupon of 1.0425% (approximately 12.51% per annum) if the Reference Asset closes on or above a Coupon Barrier of $63.86 (67.00% of the Initial Level) on each Observation Date. Beginning September 16, 2026, the notes will autocall if the Reference Asset closes at or above the Call Level (100% of the Initial Level) on an Observation Date; holders receive principal plus the applicable contingent coupon on the Call Settlement Date.
If not autocalled, at maturity on April 19, 2027 investors receive $1,000 per $1,000 principal unless the Final Level is below the Trigger Level ($63.86, 67.00% of Initial Level), in which case holders may receive a reduced Physical Delivery Amount (or Cash Delivery Amount) tied to the Final Level; the pricing supplement shows an estimated initial value of $968.70 per $1,000 on the Pricing Date.
Bank of Montreal (BMO) priced US$842,000 Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons — due March 19, 2029, linked to the least performing of XLP, KRE and KWEB. The notes pay a contingent coupon of 1.0125% per month (~12.15% per annum) if each Reference Asset on an Observation Date is at or above its Coupon Barrier Level (50% of Initial Level).
If not called, at maturity holders receive $1,000 per $1,000 principal 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 may be less than principal. Estimated initial value was $966.74 per $1,000 on the Pricing Date.
Bank of Montreal priced US$1,250,000 of Senior Medium-Term Notes, Series K: autocallable barrier notes linked to the common stock of Amazon.com, Inc. The notes pay a 2.65% per quarter contingent coupon (approximately 10.60% per annum) and mature on March 19, 2029.
If on any Observation Date the reference stock closes at or above the Call Level (100% of the Initial Level), the notes will be automatically redeemed and investors will receive principal plus the contingent coupon then due. If not called, payment at maturity depends on the Final Level vs. a Trigger Level equal to $124.60 (60.00% of the Initial Level); if the Final Level is below the Trigger Level, principal is reduced pro rata by the percentage change in the Reference Asset.
Bank of Montreal prices US$1,000,000 Senior Medium-Term Notes, Series K: an Autocallable Barrier Note linked to Alphabet Inc. Class A common stock (GOOGL). The Pricing Date is March 13, 2026, Settlement March 18, 2026, and Maturity March 19, 2029.
The Initial Level is $302.28. Contingent Coupons equal 2.50% per quarter (~10.00% per annum) if the Reference Asset on an Observation Date is ≥ the Coupon Barrier Level. Coupon Barrier and Trigger Level are $181.37 (60.00% of Initial Level). The Call Level is 100% of the Initial Level; automatic redemption may occur beginning June 16, 2026. Price to public is 100%, Agent’s Commission 2.00%, and estimated initial value is $968.49 per $1,000 principal.
Bank of Montreal is offering US$2,650,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the shares of the U.S. Global Jets ETF (JETS). The notes pay a contingent coupon of 3.00% per quarter (approximately 12.00% per annum) if the Reference Asset meets the Coupon Barrier on each Observation Date. The public offering price is 100% of principal; proceeds to the issuer are shown as 98.50%. The notes may be automatically redeemed beginning on September 16, 2026 if the Reference Asset closes at or above the Call Level (100% of Initial Level) on an Observation Date. At maturity on March 19, 2029, if the Final Level is below the Trigger Level (70.00% of Initial Level, $16.84), investors receive a cash amount equal to $1,000 x (Final Level/Initial Level), which may be less than principal. The document states an estimated initial value of $936.92 per $1,000 on the Pricing Date.
Bank of Montreal priced US$1,000,000 in Senior Medium-Term Notes, Series K: autocallable barrier notes linked to the least performing of the S&P 500, Russell 2000 and the Nasdaq-100 Technology Sector.
Key economics: pricing date March 13, 2026, settlement March 18, 2026, maturity March 19, 2029. Contingent coupon of 0.9458% per month (~11.35% per annum) when each reference asset is at or above its 70% coupon barrier on observation dates; monthly coupons equal $9.458 per $1,000 if payable. Notes priced to public at 100% with agent commission 0.60% (proceeds to BMO 99.40% or $994,000). Estimated initial value: $969.31 per $1,000.
Autocall feature: beginning March 16, 2027, notes redeem automatically if each reference asset is at or above its call level on an observation date; maturity payment, if not called, equals $1,000 + $1,000 × Percentage Change of the Least Performing Reference Asset, subject to a trigger if the Final Level is below the Trigger Level (70% of initial).
Bank of Montreal issues US$6,698,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the S&P 500®, NASDAQ-100® and Russell 2000®. The notes pay a contingent monthly coupon of 1.1917% (approximately 14.30% per annum) when each reference index meets its 70% coupon barrier on observation dates. They are callable beginning on September 16, 2026 if all reference assets are at or above their Call Levels; maturity is June 21, 2027 with valuation on June 15, 2027.
The principal amount offered is $6,698,000 at a public offering price of 100% ($1,000 per $1,000), with an estimated initial value of $985.00 per $1,000 on the pricing date. If not called, payment at maturity depends on the least performing index and may return less than principal if a Trigger Event occurs (indices falling below 65% triggers).
Bank of Montreal priced US$1,015,000 Senior Medium-Term Notes, Series K — Contingent Risk Absolute Return Barrier Notes linked to the S&P 500® Futures Excess Return Index. The notes mature on March 19, 2029, have an Upside Leverage Factor of 105.30%, an Initial Level of 2,536.58, and a Barrier Level equal to 60.00% of the Initial Level (321.95).
If the Final Level is above the Initial Level, investors receive $1,000 + $1,000 × Percentage Change × 105.30%. If the Final Level is below the Initial Level but at or above the Barrier Level, investors receive a positive downside-protected payout capped at a Maximum Downside Redemption Amount of $1,400 per $1,000. If the Final Level is below the Barrier Level, investors lose 1% of principal for each 1% decline and may lose up to 100% of principal. The notes are unsecured obligations of Bank of Montreal, estimated initial value $977.43 per $1,000 and priced to public at par.
Bank of Montreal is offering US$35,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes linked to the Class A common stock of Palantir Technologies Inc. The notes pay no interest, provide 150.00% upside leverage if not auto‑redeemed, and may be automatically redeemed on March 19, 2027 if the Reference Asset closes above its Call Level. If auto‑redeemed, investors receive principal plus the Call Amount (approximately 24.40% per annum return). If not auto‑redeemed, maturity payoffs depend on the Final Level: full principal preserved if Final Level ≥ Initial Level; no upside beyond principal if Final Level is below Initial but at or above the Barrier Level of $90.57 (60.00% of Initial Level); and a pro rata loss of principal if Final Level is below the Barrier (investors lose 1% of principal per 1% decline). Payments are subject to the credit risk of Bank of Montreal. Price to public was 100% and agent’s commission was 4.50%.
Bank of Montreal is offering preliminary pricing for senior medium-term notes, Series K: ETF-linked, auto-callable securities with a contingent monthly coupon (with memory) and a 20% downside buffer, maturing March 29, 2029. The original offering price is $1,000 per security; the estimated initial value on the pricing date is $962.50 per security (not less than $920.00 at pricing). The contingent coupon rate will be set on the pricing date and is stated to be at least 10.00% per annum. Principal at maturity depends on the performance of the lowest performing ETF Underlier (XLF, XLK, XLY) relative to thresholds; if the ending value of the lowest performing Underlier is below its downside threshold (80% of starting value), investors bear 1-to-1 downside in excess of the 20% buffer, potentially losing up to 80% of the face amount. The agent discount is $23.25, with proceeds to Bank of Montreal of $976.75 per security.
Bank of Montreal is issuing US$2,644,000 of Senior Medium-Term Notes, Series K: Autocallable Buffer Enhanced Return Notes due March 19, 2029. The notes pay no interest and are linked to the least performing of the Russell 2000 and the S&P 500.
If on March 19, 2027 both indexes close above their Call Levels (100% of Initial Levels), the notes will be automatically redeemed and holders receive principal plus a Call Amount equal to $1,142 per $1,000 (approximate 14.20% annualized). If not called, upside is 125% of the Least Performing Reference Asset’s appreciation above its Initial Level; there is a 20% buffer on downside, and holders lose 1% of principal for each 1% decline beyond that buffer, up to an 80% principal loss.
Bank of Montreal priced US$3,459,000 Senior Medium-Term Notes, Series K, Autocallable Barrier Notes due February 20, 2029. The notes were priced on March 13, 2026 with settlement on March 18, 2026, linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000® indices.
The notes pay a Contingent Interest Rate of 0.6958% per month (approximately 8.35% per annum) when each Reference Asset on an Observation Date is at or above its Coupon Barrier Level (70% of the Initial Level). Automatic redemption can occur beginning on September 16, 2026 if each Reference Asset is at or above its Call Level (100% of Initial Level). If not autocalled, maturity payoff depends on the least performing Reference Asset and may return less than principal if a Trigger Event (Final Level below 70% of Initial Level) occurs. The estimated initial value was $950.30 per $1,000 principal amount on the Pricing Date.
Bank of Montreal priced US$2,330,000 Senior Medium‑Term Notes, Series K. The notes are 3‑year Barrier Notes with Contingent Coupons paying 4.50% per semiannual period (approximately 9.00% per annum) if each reference index is at or above a 75.00% Coupon Barrier on observation dates. The notes reference the Russell 2000® (RTY) and the S&P 500® (SPX), have a Pricing Date of March 13, 2026, Settlement Date March 18, 2026, Valuation Date March 14, 2029 and Maturity Date March 19, 2029. At maturity, investors receive $1,000 per $1,000 unless a Trigger Event occurs (Final Level of any Reference Asset < Coupon Barrier); if triggered, payment equals $1,000 × (1 + Percentage Change of the Least Performing Reference Asset), which may be less than principal. The issuer estimated an initial value of $963.82 per $1,000 on the Pricing Date.
Bank of Montreal is issuing US$1,485,000 in Senior Medium‑Term Notes, Series K: autocallable, buffer‑enhanced return notes linked to the least performing of the Russell 2000® and the S&P 500®. The notes pay no interest and may be automatically redeemed on March 19, 2027 for a Call Amount representing approximately 10.50% per annum. If not called, upside participation is leveraged at 125.00% of the Least Performing Reference Asset; a 20.00% buffer protects against declines up to that level. If the Least Performing Reference Asset falls below the buffer, investors lose 1% of principal for each 1% decline beyond 20.00%, with potential principal loss up to 80.00%. The public offering price was 100% and the issuer’s estimated initial value was $950.34 per $1,000.
Bank of Montreal priced US$3,965,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the Least Performing of the S&P 500® Index and the Russell 2000® Index. The notes priced on March 13, 2026, settle on March 18, 2026, and mature on March 19, 2029.
Key economics: principal amount $3,965,000, contingent semiannual coupon of 4.75% per period (≈9.50% per annum) if both reference assets meet coupon barriers (70% of initial levels). Notes may autocall beginning on the September 2026 observation; at maturity holders receive $1,000 per $1,000 unless a trigger event occurs (final level of any reference asset below 70.00% of its initial level), in which case maturity payment equals $1,000 plus the percentage change of the least performing reference asset applied to principal. Estimated initial value was $975.55 per $1,000 on the pricing date.
Bank of Montreal priced US$628,000 Senior Medium-Term Notes, Series K — Barrier Notes with Contingent Coupons due March 19, 2029. The notes pay semiannual contingent coupons of 4.00% per semiannual period (approximately 8.00% per annum) if each Reference Asset is at or above a Coupon Barrier Level on observation dates. The notes are linked to the Least Performing of the Russell 2000® (RTY) and the S&P 500® (SPX), with both the Coupon Barrier Level and Trigger Level set at 75.00% of each Initial Level. Payment at maturity returns $1,000 per $1,000 principal unless a Trigger Event occurs; if a Trigger Event occurs, maturity payment equals $1,000 plus the Percentage Change of the Least Performing Reference Asset, which may result in a payment below principal or zero. Pricing Date was March 13, 2026, Settlement Date March 18, 2026, Valuation Date March 14, 2029. The pricing supplement states an estimated initial value of $941.46 per $1,000 on the Pricing Date and discloses underwriting commissions and proceeds to the issuer on the cover.
Bank of Montreal priced US$5,446,000 Senior Medium‑Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons linked to the least performing of the S&P 500® and the Russell 2000®.
Key terms: Pricing Date March 13, 2026, Settlement Date March 18, 2026, Maturity Date March 19, 2029. Contingent interest is 4.00% per semiannual period (approximately 8.00% per annum), equal to $40 per $1,000 when payable. Coupon Barrier and Trigger Levels are 70.00% of the Initial Levels for each index. Notes autocall if both reference assets close at or above their Call Levels (100% of Initial Level) on an Observation Date. At maturity, if a Trigger Event occurred for the Least Performing Reference Asset, the cash payment equals $1,000 plus $1,000 times the Percentage Change of that asset (which can be less than principal and may be zero). The estimated initial value on the Pricing Date was $960.31 per $1,000 principal amount.
Bank of Montreal prices Senior Medium-Term Notes (Series K): redeemable fixed‑rate notes maturing March 31, 2031. The offering is for Notes with a principal amount of $1,000 per Note, an interest rate of 4.55% per annum, an Issue Date of March 31, 2026 and a stated maturity of March 31, 2031. The Notes are redeemable by the issuer on semi‑annual Optional Redemption Dates beginning March 31, 2027, payable at 100% of principal plus accrued interest. The Original Issue Price is $1,000.00 per Note (underwriting discount $15.00, proceeds to Bank $985.00 per Note). The Notes are unsecured, will not be listed, and are bail‑inable under the Canada Deposit Insurance Corporation Act, permitting conversion into common shares under specified Canadian bank resolution powers.
Bank of Montreal is offering market‑linked senior medium‑term notes—equity index linked securities—linked to the S&P 500® Index with a stated maturity of March 27, 2031 (subject to postponement).
Each security has an original offering price of $1,000, an estimated initial value of $952.20 (not less than $902.20 at pricing), an upside participation rate of 150%, a threshold value equal to 80% of the starting value, and a minimum maximum return of $603.00 (at least 60.30% of face). The maturity payment depends on the underlier return, is capped at the maximum return, and exposes investors to full downside below the threshold value.
Bank of Montreal is offering Senior Medium-Term Redeemable Fixed Rate Notes, Series K with a 4.25% per annum fixed interest rate and a stated maturity of March 30, 2029. The Notes have a $1,000 original issue price per Note and pay semi-annual interest beginning September 30, 2026. The issuer may redeem the Notes in whole on semi-annual Optional Redemption Dates at 100% of principal plus accrued interest. The Notes are bail-inable and are subject to conversion into common shares under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act, with related jurisdictional clauses and holder consents described in the supplement.
Bank of Montreal offers $2,000,000 principal of Senior Medium-Term Notes, Series K: redeemable fixed-rate notes with a stated maturity of March 18, 2031 and a fixed interest rate of 4.50% per annum. Interest is paid semi-annually on each March 18 and September 18, commencing September 18, 2026. The Notes are redeemable in whole, at 100% of principal plus accrued interest, on semi-annual optional redemption dates beginning March 18, 2027. The Notes are bail-inable and subject to conversion under subsection 39.2(2.3) of the CDIC Act into common shares of Bank of Montreal or an affiliate. Original issue price was $1,000.00 per Note; underwriting discount was $5.00 per Note, yielding proceeds of $995.00 per Note and total proceeds of $1,990,000.00.
Bank of Montreal issues $20,000 Senior Medium‑Term Notes, Series K. The Notes carry a fixed interest rate of 4.55% per annum payable semi‑annually beginning September 18, 2026 and mature on March 18, 2033. Each Note has a principal amount of $1,000 and the aggregate original issue price shown is $20,000 (per Note $1,000). The issuer may redeem the Notes in whole (but not in part) on semi‑annual Optional Redemption Dates at 100% of principal plus accrued interest; holders have no right to require repayment prior to the Stated Maturity Date. The Notes are unsecured obligations of Bank of Montreal and are designated as bail‑inable under the CDIC Act, permitting conversion into common shares under Canadian bank resolution powers; payments are subject to issuer credit risk.
Bank of Montreal issues senior medium-term equity-linked securities tied to Delta Air Lines common stock due April 1, 2027. Each security has a $1,000 face amount, an estimated initial value of $980.29 and an original offering price of $1,000.
The payout at maturity depends on the ending value of Delta relative to a starting value of $58.78 (the March 13, 2026 close): investors participate at an 150% upside participation rate up to a maximum return of 56.40% (capped at $564.00), receive full principal if the ending value is at or above the threshold value of $52.902 (90% of the starting value), and bear full downside below that threshold (principal at risk). The calculation day is March 29, 2027 (subject to postponement).