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

Bank of Montreal is offering $5,000,000 aggregate principal of Senior Medium-Term Notes, Series K, redeemable fixed-rate notes with a 4.95% per annum interest rate and a stated maturity of March 24, 2031. Interest is payable semi-annually on March 24 and September 24, commencing September 24, 2026.

The notes are redeemable by the issuer on semi-annual optional redemption dates at 100% of principal plus accrued interest and are bail-inable under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act, permitting conversion into common shares under that statutory regime.

Bank of Montreal issues $3,000,000 Senior Medium-Term Notes, Series K. The offering comprises Notes with a $1,000 principal per Note, a 5.05% fixed interest rate, semiannual interest payments, and a stated maturity of March 24, 2038. The Notes are redeemable at the issuer's option on semiannual Optional Redemption Dates commencing March 24, 2028, at 100% of principal plus accrued interest. The offering price was $1,000.00 per Note with an underwriting discount of $11.50 per Note, yielding proceeds of $988.50 per Note and total proceeds of $2,965,500.00 to the Bank. The Notes are unsecured, will not be listed, and are characterized as bail-inable subject to conversion under the Canadian CDIC Act.

Bank of Montreal is offering Senior Medium-Term Notes, Series K — Redeemable Fixed Rate Notes due April 10, 2031 with a stated interest rate of 5.00% per annum and semiannual interest payments. Each Note has a principal amount of $1,000.

The Notes are redeemable at the issuer’s option on semiannual Optional Redemption Dates at 100% of principal plus accrued interest and are bail-inable notes subject to conversion under the Canada Deposit Insurance Corporation Act. The original issue price is $1,000.00 per Note, with an underwriting discount of $15.00 and proceeds to the issuer of $985.00 per Note.

Bank of Montreal is offering Senior Medium-Term Notes, Series K — Redeemable Fixed Rate Notes due April 10, 2029, with a stated annual interest rate of 4.50% payable semi‑annually and denomination of $1,000 per Note. The issuer may redeem the Notes on semi‑annual Optional Redemption Dates at $1,000 plus accrued interest. The Notes are unsecured, bail-inable under the CDIC Act and may be converted into common shares under subsection 39.2(2.3) of the CDIC Act; holders are deemed to consent to those bail-in provisions. Original issue price is $1,000.00 per Note with an underwriting discount of $10.00, leaving $990.00 in proceeds per Note to the issuer.

Bank of Montreal priced US$650,000 Senior Medium-Term Notes, Series K — Callable Barrier Notes linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®. Pricing Date was March 18, 2026, Settlement Date March 23, 2026, and Maturity Date March 23, 2029. The notes pay a monthly contingent coupon of 0.9583% (approximately 11.50% per annum) when each Reference Asset on an Observation Date is at or above its Coupon Barrier Level (75% of Initial Level). A Trigger Event occurs if any Reference Asset’s Final Level is below its Trigger Level (70% of Initial Level) on the Valuation Date, in which case principal at maturity is reduced by the Percentage Change of the Least Performing Reference Asset. The issuer may call the notes in whole beginning March 18, 2027. Price to public is $1,000 per $1,000 principal (100%), Agent’s commission 0.50%, proceeds to BMO 99.50%. Estimated initial value on the Pricing Date was $974.18 per $1,000.

Bank of Montreal priced US$1,127,000 of Senior Medium-Term Notes, Series K: an Autocallable Barrier Note with contingent coupons due March 23, 2029, linked to the least performing of XLE, the S&P 500® Index and the Nasdaq-100 Technology Sector Index. The notes pay a contingent coupon of 0.8125% per month (approximately 9.75% 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 September 18, 2026 if on an Observation Date each Reference Asset is at or above its Call Level. At maturity, if not called and if the Final Level of any Reference Asset is below its Trigger Level, investors receive a cash amount equal to $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset; this amount can be less than principal and may be zero. The cover shows an estimated initial value of $947.57 per $1,000 principal amount and a public offering price of 100%, with an agent commission of 2.50%.

Bank of Montreal priced $10,458,000 of Senior Medium-Term Notes (Series K), Autocallable Barrier Notes with Memory Coupons linked to the least performing of AAPL, AMD and PLTR. The notes pay a 5.375% quarterly contingent coupon (about 21.50% per annum) if each reference asset meets a quarterly coupon barrier of 50% of its initial level, begining with payments on June 23, 2026, and mature on March 23, 2029.

The notes are automatically redeemable beginning on March 18, 2027 if each reference asset is at or above its call level (100% of initial). At maturity investors receive principal unless a trigger event occurs (Final Level below 50% trigger level for any reference asset), in which case the payout equals $1,000 plus the percentage change of the least performing reference asset, which can be less than principal and may be zero. The estimated initial value on the pricing date was $952.99 per $1,000 principal amount.

Bank of Montreal priced US$1,001,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the least performing of the VanEck® Gold Miners ETF (GDX) and the Nasdaq-100 Technology Sector Index (NDXT).

The notes pay a contingent coupon of 0.875% per month (approximately 10.50% per annum) when each Reference Asset closes at or above its Coupon Barrier on an Observation Date. The Pricing Date is March 18, 2026, Settlement Date is March 23, 2026, Valuation Date is March 20, 2029 and Maturity Date is March 23, 2029. If not autocalled, principal repayment at maturity equals $1,000 per $1,000 unless a Trigger Event occurs, in which case payment is reduced by the Percentage Change of the least performing Reference Asset; payment may be zero. The estimated initial value was $948.02 per $1,000 on the Pricing Date.

Bank of Montreal priced a US$123,000 offering of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of Tesla, Inc. The notes pay a 4.1875% contingent quarterly coupon (≈16.75% annually) and were issued at 100% of principal for a $123,000.00 aggregate principal amount. The Pricing Date is March 18, 2026, Settlement Date is March 23, 2026, Valuation Date is March 20, 2029, and Maturity Date is March 23, 2029. The notes are autocallable beginning on September 18, 2026, have a Coupon Barrier Level and Trigger Level equal to $235.67 (60.00% of the Initial Level), and an estimated initial value of $985.48 per $1,000 on the Pricing Date.

Bank of Montreal priced a US$1,237,000 offering of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons due March 23, 2029, linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000. The notes pay a 2.125% quarterly contingent coupon (approximately 8.50% per annum) when each reference asset on an Observation Date is at or above a coupon barrier equal to 67.50% of its Initial Level. Bank of Montreal may call the notes beginning on September 18, 2026 on any Observation Date; if called, investors receive principal plus any contingent coupon due on the Call Settlement Date. At maturity (if not called), investors receive $1,000 per $1,000 principal unless a Trigger Event occurs, in which case the payoff equals $1,000 + ($1,000 x Percentage Change of the Least Performing Reference Asset), which can be less than principal and may be zero. The Pricing Date was March 18, 2026, Settlement Date March 23, 2026, Valuation Date March 20, 2029, and the issuer’s estimated initial value was $949.03 per $1,000 principal amount on the Pricing Date.

Bank of Montreal priced US$2,242,000 in Senior Medium-Term Notes, Series K, Autocallable Barrier Notes with Memory Coupons linked to the common stock of Tesla, Inc.

The notes were priced on March 18, 2026 for settlement on March 23, 2026 and mature on March 23, 2029. Each note has an Initial Level of $392.78, a quarterly Contingent Interest Rate of 3.7625% (approximately 15.05% per annum), and Coupon Barrier and Trigger Levels equal to $235.67 (60.00% of the Initial Level). The notes are autocallable if the Reference Asset closes at or above the Call Level (100% of the Initial Level) on an Observation Date; automatic redemption returns principal plus any due Contingent Coupons. At maturity, if a Trigger Event occurs (Final Level below the Trigger Level), investors receive a reduced cash amount tied to the Percentage Change in the Reference Asset. The estimated initial value was $969.29 per $1,000 principal amount.

Bank of Montreal is offering US$2,520,000 of Senior Medium-Term Notes, Series K: Autoca llable Barrier Notes with Memory Coupons linked to the Class A common stock of CrowdStrike Holdings, Inc. (CRWD). The Pricing Date is March 18, 2026, Settlement Date March 23, 2026, and Maturity Date March 23, 2028. The notes pay a Contingent Coupon of 3.75% per quarter (about 15.00% per annum) when the Reference Asset closes at or above the Coupon Barrier of $244.05 (56.00% of the Initial Level). The Initial Level is $435.81. The notes are autocallable beginning on September 18, 2026 if the Reference Asset closes above the Call Level (100% of Initial Level); on automatic redemption investors receive principal plus any due Contingent Coupons. If not called, at maturity investors receive $1,000 per note unless a Trigger Event (Final Level < Trigger Level of $244.05) occurs, in which case physical or cash delivery tied to the Reference Asset applies and principal may be materially reduced. Price to public was 100% and estimated initial value was $972.89 per $1,000. The notes are unsecured obligations of the Bank, involve significant risks, and include a supplemental U.S. federal tax characterization as pre-paid contingent income-bearing derivative contracts.

Bank of Montreal priced US$7,450,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of NVIDIA Corporation (NVDA). The Pricing Date was March 18, 2026, Settlement Date March 23, 2026, Valuation Date April 20, 2027, and Maturity Date April 23, 2027.

The notes pay a monthly contingent coupon of 1.0917% (~13.10% per annum) when the Reference Asset on an Observation Date is at or above the Coupon Barrier of $104.63 (58.00% of the Initial Level). The Initial Level is $180.40. Automatic redemption may occur beginning on September 18, 2026 if the Reference Asset is at or above the Call Level (100% of the Initial Level).

At maturity, if the Final Level is below the Trigger Level ($104.63), holders may receive a Physical Delivery Amount equal to $1,000 divided by the Initial Level (or a cash equivalent); otherwise each note returns $1,000. Estimated initial value was $971.19 per $1,000. Price to public was 100% with an agent commission of 2.15%.

Bank of Montreal is offering US$4,171,000 in Senior Medium‑Term Autocallable Barrier Notes linked to the common stock of NVIDIA Corporation. The notes were priced on March 18, 2026, settle on March 23, 2026, and mature on April 23, 2027.

The notes reference an Initial Level of $180.40 for NVDA and pay a Contingent Coupon of 0.8933% per month (approximately 10.72% per annum) when the Reference Asset’s closing level on an Observation Date is at or above the Coupon Barrier of $95.61 (which is 53.00% of the Initial Level). Beginning on September 18, 2026, the notes are subject to automatic redemption if the Reference Asset’s closing level on an Observation Date is at or above the Call Level (100% of the Initial Level).

At maturity, if not autocalled and if the Final Level is below the Trigger Level of $95.61 (53.00% of the Initial Level), investors will receive a Physical Delivery Amount (shares) or, at the issuer’s election, a Cash Delivery Amount; the illustrative examples show potential principal loss down to zero if NVDA falls sharply.

Bank of Montreal priced US$1,339,000 Senior Medium-Term Notes, Series K, an autocallable barrier note linked to the common stock of Morgan Stanley. The Pricing Date was March 18, 2026, Settlement Date March 23, 2026, and Maturity Date March 23, 2029.

The notes pay a contingent quarterly coupon of 3.625% (approximately 14.50% per annum) when the Reference Asset on an Observation Date is at or above the Coupon Barrier, set at $111.25 (70.00% of the Initial Level). The notes are automatically redeemed if an Observation Date closing is at or above the Call Level (100% of Initial Level); automatic redemption may begin on June 17, 2026.

At maturity, if not redeemed and if the Final Level is below the Trigger Level ($111.25), holders receive $1,000 × Percentage Change plus principal adjustment, paid in cash only. The public offering price was 100% (agent commission 2.00%), proceeds to BMO $1,312,220, and the estimated initial value was $970.88 per $1,000 principal amount.

Bank of Montreal is offering US$13,090,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due March 23, 2029, linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000.

Notes pay a Contingent Coupon of 2.50% per quarter (≈ 10.00% per annum) when each reference asset is at or above its Coupon Barrier Level on Observation Dates; missed coupons can be paid later under a Memory Coupon feature. Beginning on September 18, 2026 the notes auto-redeem if all reference assets meet their Call Level. At maturity, if any Reference Asset is below its Trigger Level (70.00% of initial), investors receive a return tied to the Least Performing Reference Asset and may suffer principal loss. The Pricing Date was March 18, 2026, Settlement March 23, 2026, Valuation Date March 20, 2029, and the estimated initial value is $970.78 per $1,000.

Bank of Montreal is offering US$2,320,000 principal of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of The Goldman Sachs Group, Inc. The notes were priced on March 18, 2026 and mature on March 23, 2029.

The notes pay contingent quarterly coupons of 3.55% per quarter (approximately 14.20% per annum) if the reference stock’s closing level on each Observation Date is at or above the Coupon Barrier Level of $563.84 (70.00% of the Initial Level). The notes are automatically redeemed if, on any Observation Date beginning June 17, 2026, the reference stock closes at or above the Call Level (100% of the Initial Level). At maturity, if not auto‑redeemed and the Final Level is below the Trigger Level ($563.84), investors receive $1,000 × (1 + Percentage Change), which may be less than principal and could be zero.

The public offering price was 100% of principal, with an agent’s commission of 2.00% and proceeds to the Bank of Montreal of 98.00%. The document states an estimated initial value of $970.46 per $1,000 on the Pricing Date. Payment is cash only; physical delivery of shares will not occur.

Bank of Montreal is offering $2,000,000 aggregate principal amount of Senior Medium-Term Notes, Series K, Redeemable Fixed Rate Notes due March 23, 2029. The Notes pay interest at 4.15% per annum semi‑annually, are redeemable by the issuer on specified semi‑annual Optional Redemption Dates, and are callable in whole but not in part.

The Notes are unsecured, bail-inable under the CDIC Act and may be converted into common shares under Canadian bail‑in powers; they will not be listed and carry issuer credit risk. Original issue price is $1,000.00 per Note with underwriting discount $4.00 per Note.

Bank of Montreal is offering Market Linked Securities — auto-callable notes due March 22, 2029 linked to the lowest performing of the ETFs KRE, XBI and XLRE. The offering size is in $1,000 denominations with an original offering price $1,000 and an estimated initial value $939.86 per security on the pricing date. The notes pay a contingent monthly coupon at a 12.66% per annum rate if the lowest performing Underlier on each calculation day is at or above its coupon threshold (70% of starting value). The notes are quarterly auto-callable if the lowest performing Underlier is at or above its starting value on a call date; if not called, principal at maturity depends on the ending value of the lowest performing Underlier and may result in a loss greater than 30% of principal if that Underlier falls below its downside threshold (70% of starting value). Pricing date: March 18, 2026; Issue date: March 23, 2026. These are unsecured obligations of Bank of Montreal and are subject to its credit risk; they are not FDIC‑insured and are complex and risky investments.

Bank of Montreal offers auto-callable, equity-linked senior notes due April 3, 2029. The securities are sold at an original offering price of $1,000 per security (estimated initial value $955.70, floor $920.00 at pricing). Pricing date is March 30, 2026 and issue date is April 2, 2026. The notes pay monthly contingent coupons (contingent coupon rate will be ≥ 16.80% per annum) subject to the lowest-performing Underlier meeting its coupon threshold on calculation days. The securities reference CEG, DUK and NEE; the downside threshold for each Underlier is 60% of its starting value. If automatically called on a calculation day where the lowest-performing Underlier is ≥ its starting value, holders receive face amount plus accrued contingent coupons; if not called, maturity payment equals $1,000 or, if the lowest-performing Underlier’s ending value is below its downside threshold, $1,000 × performance factor (full downside exposure). Agent discount is $23.25 per security; proceeds to issuer $976.75 per security. Payments are subject to Bank of Montreal credit risk and complex tax treatment; withholding may apply to non-U.S. holders.

Bank of Montreal priced Market Linked Securities—auto-callable notes due March 22, 2029 linked to the lowest performing of Alphabet Inc. (GOOGL), iShares Russell 2000 Value ETF (IWN) and State Street Financial Select Sector SPDR ETF (XLF). The notes have a face amount of $1,000, an estimated initial value of $972.67 and an original offering price of $1,000. The contingent coupon rate is 13.85% per annum with monthly contingent coupon observations beginning April 2026; coupon and downside threshold values equal 65% of each Underlier’s starting value (GOOGL start $307.69, IWN start $185.67, XLF start $48.97). If, on any specified monthly calculation day from September 2026 through February 2029, the lowest performing Underlier closes at or above its starting value the securities will be automatically called for face amount plus accrued contingent coupon(s). If not called, maturity payment depends solely on the lowest performing Underlier’s ending value: the face amount is preserved only if that lowest performing Underlier’s ending value is at or above its downside threshold; if below, the maturity payment equals $1,000 multiplied by that Underlier’s performance factor, exposing holders to up to a full loss of principal. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk; tax treatment is uncertain and withholding may apply to non-U.S. holders.

Bank of Montreal (we) is issuing Senior Medium-Term Notes, Series K — Redeemable Fixed Rate Notes due March 24, 2031. The Notes pay interest at 4.95% per annum, payable semi‑annually on the 24th of March and September, commence September 24, 2026, and have an Issue Date of March 24, 2026.

The Notes have a principal amount of $1,000 per Note, an Original Issue Price of $1,000.00 per Note, an underwriting discount of $5.00 per Note and proceeds to Bank of $995.00 per Note. The Notes are redeemable by Bank of Montreal in whole, but not in part, on semi‑annual Optional Redemption Dates at 100% of Principal plus accrued interest. The Notes are bail-inable and subject to conversion under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act.

Bank of Montreal offers additional Travel -3X Inverse Leveraged ETNs with an aggregate principal amount of $200,037,500, bringing the tranche to $250,000,000 outstanding as of March 19, 2026.

These exchange-traded notes (ticker: FLYD) provide a daily, -3x inverse exposure to the MerQube U.S. Travel Index, reset daily and reduced by a 0.95% per annum Daily Investor Fee, potential negative Daily Interest (US Federal Funds Effective Rate minus an Interest Rate Spread up to 4.00%) and a 0.125% Redemption Fee. The notes are unsecured obligations of Bank of Montreal, not principal-protected, intended as short-term daily trading tools, and may lose all value.

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 priced US$510,000 Senior Medium‑Term Notes, Series K Autocallable Buffer Enhanced Return Notes due March 20, 2031, linked to the S&P 500® Futures Excess Return Index. If the Reference Asset exceeds its Call Level on March 23, 2027, the notes will auto‑redeem and pay principal plus a approx.15.00% annual Call Amount.

The notes provide 175.00% upside leverage if not called, a 15.00% downside buffer (losses begin beyond a 15.00% decline), do not pay interest, are unsecured obligations of Bank of Montreal, carry the issuer's credit risk, and were issued in $1,000 denominations with an estimated initial value of $976.58 per $1,000.

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%.