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 issues a market-linked, auto-callable senior note due March 22, 2029 linked to the lowest performing of Alphabet Class A (GOOGL), the iShares Russell 2000 Value ETF (IWN) and the State Street Financial Select Sector SPDR ETF (XLF).
The securities priced with an original offering price of $1,000 and an estimated initial value of $973.80 (not less than $920.00 at pricing). The contingent coupon rate will be set on the pricing date at a minimum of 13.85% per annum, paid monthly if the lowest performing underlier closes at or above its coupon threshold (65% of starting value). If not auto-called, the maturity payment equals $1,000 if the lowest performing underlier’s ending value is at or above its downside threshold (65%); if below, the maturity payment equals $1,000 multiplied by that underlier’s performance factor, meaning losses exceeding 35%, and possibly all principal, are possible. Issue date is March 23, 2026 (pricing date March 18, 2026); agent discount is $11.25 per security and proceeds to issuer are $988.75 per security.
Bank of Montreal is offering $600,000 aggregate principal of Senior Medium‑Term Notes, Series K, a fixed‑rate, redeemable debt issue due March 17, 2036. The Notes pay interest at 4.85% per annum, payable annually beginning March 17, 2027, have a $1,000 denomination and were issued on March 17, 2026.
The Notes are redeemable by the issuer on quarterly Optional Redemption Dates at 100% of principal plus accrued interest, are not repayable at holders’ option, and will not be listed on an exchange. The offering documents state the Notes are bail‑inable and subject to conversion into common shares under the Canada Deposit Insurance Corporation Act; by acquiring Notes, holders are deemed to consent to those bail‑in conversion provisions.
Bank of Montreal priced $1,090,000 of Senior Medium-Term Notes, Series K, redeemable fixed rate notes due March 18, 2041. The Notes pay interest at 5.10% per annum, payable annually beginning March 18, 2027, and are redeemable by the Bank on quarterly Optional Redemption Dates beginning March 18, 2028, at 100% of principal plus accrued interest.
The Notes are denominated in increments of $1,000, bear CUSIP 06376JWN7, will not be listed on an exchange, and are bail-inable under the Canada Deposit Insurance Corporation Act, permitting conversion into common shares under the CDIC Act. The cover shows original issue price $1,000.00 per Note with underwriting discount $33.50 and proceeds to Bank of Montreal $966.50 per Note.
Bank of Montreal priced $592,000 Senior Medium‑Term Notes, Series K. The offering consists of $1,000 principal Notes totaling $592,000 at an interest rate of 4.30%, with stated maturity on March 17, 2031 and semi‑annual interest payments each March 17 and September 17 beginning September 17, 2026.
The Notes are redeemable by the Bank in whole on semi‑annual Optional Redemption Dates commencing March 17, 2027 at 100% of principal plus accrued interest. The Notes are bail‑inable and subject to conversion into common shares under the Canadian CDIC Act; holders are deemed to consent to the applicable bail‑in regime. Original issue price per Note was $1,000.00 with an underwriting discount of $5.00 per Note; proceeds to the Bank total $589,040.00.
Bank of Montreal priced US$650,000 Senior Medium-Term Notes, Series K (Barrier Notes) due March 19, 2029. The notes pay a 1.65% per quarter coupon (approximately 6.60% per annum) and are linked to the least performing of QQQ and SPY.
If on the Valuation Date (March 14, 2029) the Final Level of either reference asset is below its Trigger Level (70.00% of the Initial Level: $418.08 for QQQ and $466.24 for SPY), a Trigger Event occurs. At maturity the holder will receive either a Physical Delivery Amount (shares of the least performing asset) or, at the issuer's election, a Cash Delivery Amount. The estimated initial value on the Pricing Date was $4,823.40 per $5,000 principal.
Bank of Montreal priced US$1,130,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the S&P 500® Futures Excess Return Index (ticker SPXFP). The notes were priced on March 12, 2026, settle on March 17, 2026, and mature on March 17, 2028. They pay automatic redemption if the Reference Asset closes at or above its Call Level (100% of the Initial Level) on specified Observation Dates beginning March 18, 2027. Call Amounts increase across monthly Observation Dates from $105 to $210 at maturity, representing approximately a 10.50% per annum return if called. At maturity, if no automatic call occurs, holders receive $1,000 per $1,000 unless a Trigger Event occurs (Final Level below the Trigger Level of $404.96, equal to 75.00% of the Initial Level), in which case the maturity payment equals $1,000 plus $1,000×Percentage Change of the Reference Asset. Price to public is 100%, agent’s commission is 2.25%, and proceeds to the issuer were 97.75%. The estimated initial value on the Pricing Date was $960.28 per $1,000 principal. The Reference Asset measures performance of the nearest-maturing E-mini S&P 500 quarterly futures contract and is exposed to roll yield and financing-cost effects. Risk, tax, distribution, and jurisdictional restrictions are disclosed in the supplement.
Bank of Montreal is offering $1,555,000 of Senior Medium-Term Notes, Series K: Step Down Autocallable Barrier Notes linked to the shares of SPDR® Gold Trust (GLD). The Pricing Date is March 12, 2026, settlement on March 17, 2026, and maturity on March 17, 2031. The Initial Level is $466.88 and the Trigger Level is $326.82 (a 70.00% barrier). Call Amounts are scheduled annually with the final Call Amount at maturity equal to $495.00 per $1,000 note if not previously redeemed. Price to public is 100%; Agent’s Commission is 0.25% and Proceeds to Bank of Montreal are 99.75% ($1,551,112.50). The estimated initial value on the Pricing Date is $952.59 per $1,000.
Bank of Montreal priced US$563,000 Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons due March 19, 2029. The notes reference the least performing of AAPL, AMZN, NVDA and pay a contingent quarterly coupon of 5.625% (approx. 22.50% per annum) if coupon barriers are met.
Key mechanics: Pricing Date March 12, 2026, Settlement Date March 17, 2026, Valuation Date March 14, 2029. Coupon and trigger levels equal 70.00% of each Initial Level (AAPL $179.03; AMZN $146.67; NVDA $128.20). Automatic redemption occurs if each Reference Asset is ≥ its Call Level (100% of Initial Level) on an Observation Date. At maturity, if a Trigger Event occurs you may receive a Physical Delivery Amount of shares of the Least Performing Reference Asset (or a Cash Delivery Amount); otherwise you receive $1,000 per $1,000 principal. The cover shows an estimated initial value of $963.69 per $1,000 principal.
Bank of Montreal priced a $4,000,000 offering of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes due March 17, 2031. The notes pay monthly contingent coupons of 0.825% (approximately 9.90% per annum) if each Reference Asset is at or above a 70% coupon barrier on monthly observation dates. If an automatic call condition is met beginning on March 12, 2027, holders receive principal plus the then-due contingent coupon. If not called, maturity payment is $1,000 per note unless a trigger event occurs; if a Trigger Event occurs the maturity payoff equals $1,000 plus $1,000 times the percentage change of the least performing Reference Asset and may be less than principal. The estimated initial value at pricing was $969.26 per $1,000 principal amount and public offering price was 100% (price to public $4,000,000), with proceeds to Bank of Montreal noted as $3,970,000 after a 0.75% agent commission.
Bank of Montreal priced US$40,400,000 of Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to the NASDAQ‑100, Russell 2000 and S&P 500. The notes were priced on March 12, 2026 with settlement on March 17, 2026 and maturity on March 18, 2030.
The notes pay a Contingent Interest Rate of 0.9417% per month (approximately 11.30% per annum) when each reference index on an Observation Date is at or above its Coupon Barrier Level (70% of initial). They are callable beginning September 15, 2026 if each index is at or above its Call Level (100% of initial). At maturity, if not redeemed and if any Final Level is below its Trigger Level (70% of initial), payment depends on the percentage change of the least performing index and may be less than principal. The public offering price was 100% of principal; agent commission was 0.45% and proceeds to Bank of Montreal were 99.55%. The estimated initial value on the Pricing Date was $979.63 per $1,000 principal.
Bank of Montreal priced a US$3,523,000 offering 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 Pricing Date is March 12, 2026, Settlement Date March 17, 2026, Valuation Date March 14, 2029, and Maturity Date March 19, 2029. The notes pay potential automatic call amounts of $162.50, $325.00 or $487.50 per $1,000 on specified Observation Dates, and return at maturity is tied to the percentage change of the least performing reference asset with a 70% Trigger Level and 102% Call Level.
Bank of Montreal is offering US$808,000 in Senior Medium-Term Notes, Series K: Capped Contingent Risk Absolute Return Buffer Notes due March 17, 2028. The notes are linked to the least performing of the S&P 500® and the NASDAQ-100® and pay no interest. At maturity each $1,000 note will pay up to a Maximum Redemption Amount of $1,275.00 (a 27.50% return) if the Least Performing Reference Asset appreciates, subject to the Upside Leverage Factor of 100.00% and the cap. If the Least Performing Reference Asset declines but remains at or above the Buffer Level of 80.00% of its Initial Level, investors receive a positive return up to a $1,200.00 payment (20.00% return). If the Final Level falls below the Buffer Level, investors lose 1% of principal for each 1% decline beyond the buffer and may lose up to 80.00% of principal. Notes are unsecured obligations of Bank of Montreal, not FDIC- or CDIC-insured, issued in minimum denominations of $1,000, not listed, and subject to the issuer's credit risk. The initial estimated value was $988.62 per $1,000 on the Pricing Date.
Bank of Montreal is offering equity-linked notes tied to the Russell 2000® Index with a $1,000 principal amount per note. The notes provide 200% upside participation subject to a cap (cap level expected 121.48%–125.20%) and a maximum settlement amount expected between $1,429.60 and $1,504.00 per $1,000.
The notes include a 5.00% buffer: if the final index level is ≥95.00% of the initial level you receive $1,000; if the final level is below that buffer you lose approximately 1.0526% of principal for each 1% decline below 95.00%. The initial estimated value is expected to be $939.00–$969.00 per $1,000; original issue price is $1,000 with an underwriting discount of $30.00 (proceeds to BMO $970.00).
Bank of Montreal amends its pricing supplement to offer additional Energy -3X Inverse Leveraged ETNs, increasing the tranche to an aggregate principal amount of $25,000,000. Each note has a principal amount of $25 and the notes mature on January 29, 2043.
The notes (ticker WTID) provide a daily resetting -3x leveraged inverse exposure to the Solactive MicroSectors™ Energy Index (ticker BIGOIL), are unsecured obligations of Bank of Montreal, and do not guarantee return of principal. Key economics disclosed include a 0.95% per annum Daily Investor Fee, an Interest Rate Spread initially 2.00% (adjustable up to 4.00%), and a Redemption Fee Amount of 0.125%. The offering is intended for sophisticated, active traders and warns of significant path‑dependent decay and potential total loss of principal.
Bank of Montreal offers principal-protected-notes-like structured notes linked to the S&P 500® Index with a conditional buffered downside and limited upside. Each note has a $1,000 principal amount. If the final index level is ≥ 90.00% of the initial level, holders receive a threshold settlement amount (expected between $1,088.60 and $1,104.00). If below 90.00%, holders lose approximately 1.1111% of principal for every 1% the final index level is below the threshold; losses can be substantial, including total loss of principal. The notes pay no interest, are unsecured obligations of Bank of Montreal, are not listed, and have an initial estimated value range of $959.70 to $989.70 per $1,000 principal amount.
Bank of Montreal is offering Senior Medium-Term Notes, Series K: redeemable fixed-rate notes paying $1,000 principal per Note with a 4.50% fixed interest rate. The Trade Date is March 23, 2026, Issue Date March 25, 2026, and the Stated Maturity Date is March 14, 2031.
The Notes pay interest semi‑annually on March 25 and September 25 (commencing September 25, 2026) and are redeemable by Bank of Montreal in whole (but not in part) on scheduled Optional Redemption Dates at 100% of principal plus accrued interest. The original issue price is $1,000 per Note (underwriting discount $15.00; proceeds to Bank of Montreal $985.00 per Note). The Notes will not be listed on any exchange and are bail-inable under the Canada Deposit Insurance Corporation Act, permitting conversion into common shares under subsection 39.2(2.3).
Bank of Montreal priced US$500,000 Senior Medium-Term Notes, Series K Buffer Notes linked to CoreWeave, Inc. (CRWV). The notes priced on March 11, 2026 with settlement March 16, 2026 and maturity September 16, 2026.
Key terms: principal amount US$500,000; Initial Level of the Reference Asset $81.96; Buffer Level $65.57 (80.00% of Initial Level); Buffer Percentage 20.00%; quarterly coupon of 8.775% (each coupon = $87.75 per $1,000). At maturity, investors receive $1,000 per $1,000 unless the Reference Asset final level is below the Buffer Level, in which case payment is shares or cash using a 125.00% downside leverage factor. The estimated initial value was $978.64 per $1,000 on the Pricing Date.
Bank of Montreal is offering US$730,000 in Senior Medium‑Term Notes, Series K: Callable Barrier Notes with Contingent Coupons linked to the common stock of Tesla, Inc. The notes pay a contingent monthly coupon of 1.6875% (≈20.25% per annum) if the Reference Asset on each Observation Date is ≥ the Coupon Barrier Level. The notes are callable by the issuer beginning on June 11, 2026 and mature on March 16, 2028. The Initial Level is $407.82, the Coupon Barrier Level and Trigger Level are $244.69 (60.00% of Initial Level), and the notes pay cash at maturity based on Tesla's Final Level; if the Final Level is below the Trigger Level a reduced cash amount applies. The estimated initial value was $981.55 per $1,000 principal amount on the Pricing Date.
Bank of Montreal priced a US$1,000,000 offering of Senior Medium-Term Notes, Series K: Step Down Autocallable Barrier Notes due March 16, 2029, linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®. The notes pay scheduled Call Amounts on multiple observation dates beginning March 11, 2027, offering stated call returns of approximately 11.50% per annum if automatically redeemed.
If not called, maturity payment depends on the Least Performing Reference Asset; a Trigger Event occurs if any Final Level is below its Trigger Level (each Trigger Level equals 70.00% of the Initial Level). The public offering price is $1,000 per note (agents sold between $990 and $1,000), and the estimated initial value on the pricing date was $977.77 per $1,000 principal amount.
Bank of Montreal priced US$663,000 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 Pricing Date is March 11, 2026, Settlement Date March 16, 2026, Valuation Date March 12, 2031 and Maturity Date March 17, 2031. The notes pay a monthly contingent coupon of 0.7917% (approximately 9.50% per annum) when each reference asset on an Observation Date is >= its Coupon Barrier (70% of Initial Level). Trigger Levels are 60% of Initial Level; a Trigger Event (Final Level below Trigger Level for any reference asset) causes downside at maturity equal to the percentage change of the least performing reference asset. Issuer Call may be exercised on Observation Dates beginning March 12, 2027. The document states an estimated initial value of $974.93 per $1,000 principal on the Pricing Date.
Bank of Montreal priced US$1,000,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due March 16, 2029, linked to the least performing of the S&P 500 (SPX), NASDAQ-100 (NDX) and Russell 2000 (RTY).
The notes pay a Contingent Interest Rate of 5.50% per semiannual period (approximately 11.00% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier (70% of the Initial Level). The notes are automatically redeemed if all three indices are at or above their Call Levels (100% of Initial Level) on an Observation Date.
At maturity, if not autocalled, holders receive $1,000 per note unless a Trigger Event occurs (any Final Level below its Trigger Level of 70% of Initial Level), in which case the payment equals $1,000 × Percentage Change of the Least Performing Reference Asset. The Pricing Date was March 11, 2026, Settlement Date March 16, 2026, Valuation Date March 13, 2029. The estimated initial value was $976.83 per $1,000 and the public offering price was $1,000 per $1,000 (proceeds to BMO $990,000 after a 1.00% agent commission).
Bank of Montreal provides a preliminary pricing supplement for principal‑protected‑contingent notes linked to an unequally weighted basket of five international indices. Each note has a $1,000 principal amount, an upside participation rate of 230%, a buffer level of 87.50% and a cap producing a maximum settlement amount expected in the range of $1,149.73 to $1,175.95 per $1,000 note.
The initial basket level is 100, the final basket level is measured at a determination date expected between 14 and 16 months after the trade date, and the initial estimated value is expected to be between $969.00 and $999.00 per $1,000 principal amount, which the issuer states is less than the original issue price. Payments at maturity depend on basket performance, are capped above the cap level, are protected within the buffer, and will decline pro rata below the buffer; all payments are subject to Bank of Montreal credit risk.
Bank of Montreal priced US$3,051,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of Advanced Micro Devices, Inc. (AMD), Palantir Technologies Inc. (PLTR) and Microsoft Corporation (MSFT). Pricing Date was March 11, 2026, Settlement Date March 16, 2026, and Maturity Date March 16, 2029.
The notes pay a contingent quarterly coupon of 4.55% per quarter (approximately 18.20% per annum) if each Reference Asset on an Observation Date closes at or above its Coupon Barrier (60% of Initial Level). A Memory Coupon feature pays previously unpaid coupons if later conditions are met. Automatic redemption can occur beginning on March 11, 2027 if each Reference Asset closes at or above its Call Level (100% of Initial Level) on an Observation Date.
At maturity, if not auto‑redeemed and a Trigger Event occurred (any Reference Asset final level < Trigger Level, 60% of Initial Level), payment equals $1,000 × (1 + Percentage Change of the Least Performing Reference Asset). The pricing supplement shows an estimated initial value of $940.71 per $1,000 principal amount and a public offering price at or near 100% with an agent commission of 2.00%.
Bank of Montreal issues US$688,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to Diageo plc ADRs. The notes priced on March 11, 2026, settle on March 16, 2026, and mature on April 16, 2027.
The notes pay a contingent coupon of 0.8675% per month (approximately 10.41% per annum) if the Reference Asset meets the Coupon Barrier on monthly observation dates. The Initial Level is $79.68; the Coupon Barrier and Trigger Level are $58.17 (73.00% of Initial Level). The notes are automatically callable beginning on September 11, 2026 if the Reference Asset closes at or above the Call Level (100% of Initial Level) on an Observation Date.
At maturity, if not called and if the Final Level is below the Trigger Level, investors receive $1,000 times (1 + Percentage Change), which can be less than principal and may be zero. The estimated initial value on the Pricing Date was $954.18 per $1,000 principal amount.
Bank of Montreal priced US$2,762,000 Senior Medium‑Term Notes, Series K — Capped Buffer Enhanced Return Notes due March 16, 2029 — linked to the shares of the iShares® MSCI EAFE ETF (EFA). The notes provide 150.00% upside leverage on any appreciation of the Reference Asset but cap the payment at a $1,426.40 Maximum Redemption Amount per $1,000 (a 42.64% return). Investors keep principal unless the Final Level falls below the Buffer Level equal to 85.00% of the Initial Level; losses equal 1% of principal for each 1% decline beyond the 15.00% buffer, up to an 85.00% principal loss. Key mechanics: initial level $99.01, Buffer Level $84.16, cash settlement only, no interest, not listed, and all payments are subject to the credit risk of Bank of Montreal. Price to public was 100% and the issuer’s estimated initial value was $984.86 per $1,000.
Bank of Montreal priced US$559,000 Senior Medium-Term Notes, Series K, linked to the Russell 2000® Index. The notes mature on March 17, 2031 and pay at maturity either a leveraged upside return (Upside Leverage Factor 101.50%) if the Final Level is at or above the Initial Level, return of principal only if the Final Level is below the Initial Level but at or above the Barrier Level (2,034.316, 80.00% of the Initial Level), or a linear loss of principal if the Final Level is below the Barrier Level (losses of 1% of principal for each 1% decline). The Initial Level was 2,542.895 (closing level on the Pricing Date) and the pricing date was March 11, 2026. The public offering price was 100% of principal and the cover shows an Agent’s Commission of 3.00% and Proceeds to Bank of Montreal of 97.00%. The notes are unsecured senior obligations of Bank of Montreal and are subject to the Bank’s credit risk.
Bank of Montreal is offering US$908,000 of Senior Medium-Term Market Linked Notes, Series K, due September 16, 2027, linked to the least performing of the S&P 500® and the NASDAQ-100®. The notes pay no interest and provide 1-to-1 upside participation with an Upside Leverage Factor of 100.00%, subject to a Maximum Redemption Amount of $1,074.40 per $1,000 principal (a 7.44% capped return). If the least performing reference asset finishes below its Initial Level, holders receive only the $1,000 principal at maturity. Pricing date was March 11, 2026, settlement March 16, 2026, valuation date September 13, 2027. All payments are unsecured and subject to Bank of Montreal credit risk.
Bank of Montreal offers a preliminary pricing supplement for non‑interest notes linked to the VanEck® Gold Miners ETF (GDX), with a $1,000 principal amount per note and a threshold level equal to 75.00% of the initial underlier level (set on the trade date).
If the final underlier level is ≥ the threshold level, holders receive a threshold settlement amount expected to be between $1,252.60 and $1,296.40 per note. If the final underlier level is below the threshold, holders lose approximately 1.3333% of principal for every 1% the final level is below the threshold and could lose some or all principal. The initial estimated value is expected to be between $949.00 and $979.00 per $1,000 principal amount and will be less than the original issue price.
Bank of Montreal priced Senior Medium-Term Notes, Series K: market‑linked, auto‑callable securities due March 16, 2027 linked to the lowest performing of GE, Intel and JPM. The original offering price is $1,000 per security and the issuer's estimated initial value is $973.99 per security.
The securities pay a 16.50% per annum contingent coupon (monthly) subject to a monthly coupon threshold (50% of starting value); unpaid coupons accrue and can be paid later if thresholds are met (memory feature). The notes are auto‑callable June 2026–February 2027 if the lowest performing underlier meets its 90% call threshold; otherwise principal is at risk at maturity and may be reduced pro rata if the lowest performing underlier is below its 50% downside threshold.
Payments are unsecured obligations of Bank of Montreal, subject to the bank's credit risk; the securities are not FDIC‑insured and are not exchange‑listed. Pricing date: March 11, 2026; issue date: March 16, 2026. The agent discount per security is $15.75.
Bank of Montreal is offering Senior Medium-Term Notes, Series K: equity-linked, auto-callable securities due March 16, 2028 with a face amount and original offering price of $1,000 per security. The initial estimated value is $959.26 per security and the contingent coupon rate is 17.70% per annum.
Payments depend on the lowest performing Underlier of General Electric (GE), Intel (INTC) and JPMorgan Chase (JPM). Monthly calculation days begin April 11, 2026; automatic calls can occur June 2026–February 2028 if the lowest performing Underlier meets its call threshold. If not called, maturity payoff depends on the lowest performing Underlier on the final calculation day and offers a 50% downside threshold.
Bank of Montreal is offering US$1,250,000,000 of 4.338% Fixed/Floating Rate Senior Notes due March 19, 2030. The Notes pay 4.338% semi‑annually from March 19, 2026 to March 19, 2029, then Compounded SOFR + 0.890% quarterly through maturity. The offering price is 100.000% with underwriting commissions of 0.250%, producing estimated net proceeds of US$1,246,675,000 to the issuer.
The Notes are senior unsecured, bail-inable and subject to conversion into common shares under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act; Canadian law and Ontario courts govern certain bail-in effects. Redemption features include optional redemptions (par call mechanics and tax redemption) and standard benchmark/treasury‑rate based call pricing. Interest resets reference Compounded SOFR with detailed fallback and benchmark replacement provisions.
Bank of Montreal is issuing $2,000,000 Senior Medium-Term Notes, Series K, redeemable fixed-rate notes due March 13, 2029.
The Notes pay interest at 4.00% per annum, with semi-annual interest payments on the 13th of March and September commencing September 13, 2026, and have a $1,000 principal amount per Note. The Notes are redeemable in whole (but not in part) by Bank of Montreal on semi-annual Optional Redemption Dates beginning March 13, 2027 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, with related jurisdictional and consent provisions described in the pricing supplement. The original issue price was $1,000.00 per Note; underwriting discount was $2.50 per Note and proceeds to Bank of Montreal were $997.50 per Note (total proceeds $1,995,000.00).
Bank of Montreal priced US$7,917,000 Senior Medium-Term Notes, Series K — autocallable barrier notes linked to the American depositary receipts of Novo Nordisk A/S (NVO). Pricing date was March 10, 2026 with settlement March 13, 2026 and maturity April 13, 2027.
The notes pay a contingent monthly coupon of 1.09% per month (approximately 13.08% per annum) when the Reference Asset on an Observation Date is at or above the Coupon Barrier of $22.07 (57.00% of the Initial Level). The Initial Level is stated as $38.72. The notes are callable beginning on September 09, 2026 if the Reference Asset closes at or above the Call Level (100% of Initial Level). At maturity, if a Trigger Event occurs (Final Level below the Trigger Level of $22.07), holders may receive shares or cash based on the Physical or Cash Delivery Amount; otherwise holders receive full principal. The cover shows an estimated initial value of $951.96 per $1,000 and a public offering price of 100% with an agent commission of 2.15%.
Bank of Montreal is offering US$1,096,000 of Senior Medium-Term Notes, Series K, Market Linked Notes due September 13, 2027, linked to the least performing of the S&P 500® Index and the Russell 2000® Index. The notes pay no interest and provide 1-to-1 upside exposure to the Least Performing Reference Asset multiplied by a 100.00% Upside Leverage Factor, but returns are capped by a $1,083.50 Maximum Redemption Amount per $1,000 principal (a 8.35% maximum return).
If the Least Performing Reference Asset finishes below or equal to its initial level, investors receive only principal at maturity. Key dates: Pricing Date March 10, 2026, Settlement Date March 13, 2026, Valuation Date September 08, 2027 and Maturity Date September 13, 2027. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk.
Bank of Montreal is offering $8,500,000 Senior Medium-Term Notes, Series K — Callable Barrier Notes due December 15, 2027 linked to the least performing of the S&P 500®, EURO STOXX 50® and Russell 2000® indices. The notes pay contingent quarterly coupons of 3.4625% per quarter (approximately 13.85% per annum) if each reference asset on an Observation Date is at or above its 70.00% Coupon Barrier. The issuer may call the notes in whole beginning on June 10, 2026 on any Observation Date; called notes pay principal plus any contingent coupon due on the Call Settlement Date. At maturity, if any Reference Asset’s Final Level is below its 65.00% Trigger Level, holders receive $1,000 adjusted by the Percentage Change of the least performing Reference Asset (which may be less than principal). The pricing date was March 10, 2026, the settlement date March 13, 2026, and the document reports an estimated initial value of $993.17 per $1,000 principal.
Bank of Montreal priced US$500,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the least performing of GOOG, NFLX and AMZN. The notes pay a contingent monthly coupon of 1.1167% (≈13.40% per annum) when each reference asset is at or above a 50% coupon barrier on Observation Dates. The notes are subject to automatic redemption beginning on March 10, 2027 if each reference asset is at or above its Call Level (100% of Initial Level) on an Observation Date. At maturity on March 13, 2029, if not autocalled, holders receive cash: $1,000 per $1,000 unless a Trigger Event occurs (Final Level of any reference asset below its Trigger Level at March 08, 2029), in which case the maturity payment equals $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset. Coupon and trigger barrier levels are 50% of each Initial Level (GOOG $150.46, NFLX $49.59, AMZN $109.47). The estimated initial value was $975.10 per $1,000 on the Pricing Date.
Bank of Montreal is offering $2,000,000 of Senior Medium‑Term Notes, Series K, redeemable fixed‑rate notes due March 13, 2031. The Notes pay interest at 4.25% per annum, payable semi‑annually beginning September 13, 2026, in denominations of $1,000.
The Notes are redeemable in whole, at 100% of principal plus accrued interest, on semi‑annual Optional Redemption Dates commencing March 13, 2028. The offering price is $1,000.00 per Note with an underwriting discount of $6.20 per Note and proceeds to the Bank of $1,987,600.00 in the aggregate. The Notes are unsecured, not listed, not insured by deposit insurers, and are bail‑inable and subject to conversion under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act (the “CDIC Act”).
Bank of Montreal is offering $1,186,000 Senior Medium-Term Notes, Series K — redeemable fixed-rate notes due March 3, 2031. The Notes pay 4.25% per annum, with semi-annual interest dates beginning September 13, 2026, and are redeemable by the issuer on semi-annual Optional Redemption Dates at 100% of principal plus accrued interest.
The Notes were issued at $1,000.00 per Note with an underwriting discount of $10.00 per Note (total proceeds to the Bank of $1,174,140.00). The Notes are unsecured, not listed, not insured by deposit insurers, and are bail-inable under the Canada Deposit Insurance Corporation Act, which permits conversion in whole or in part into common shares of Bank of Montreal under subsection 39.2(2.3) of the CDIC Act.
Bank of Montreal priced $2,000,000 of Senior Medium-Term Notes, Series K, 4.40% Redeemable Fixed Rate Notes due March 13, 2031. The Notes pay semi-annual interest, are redeemable by the Bank on semi-annual optional redemption dates beginning March 13, 2027, and are bail-inable under the CDIC Act.
The Notes are unsecured, issued at a $1,000 principal per note with an original issue price of $1,000.00 per note and an underwriting discount of $3.50 per note; proceeds to the Bank total $1,993,000.00.
Bank of Montreal offers $2,000,000 Senior Medium‑Term Notes, Series K. The Notes are redeemable fixed‑rate debt with a stated maturity of March 13, 2031 and a stated interest rate of 4.30% per annum, payable semi‑annually on March 13 and September 13, commencing September 13, 2026.
The Notes have a denomination of $1,000 per Note, are redeemable in whole on specified semi‑annual Optional Redemption Dates at 100% of principal plus accrued interest, are not listed on any exchange and are bail‑inable under the Canada Deposit Insurance Corporation Act with the conversion mechanics described in the pricing supplement. The original issue price is $1,000.00 per Note, with an underwriting discount of $6.50 per Note and proceeds to Bank of Montreal of $993.50 per Note (total proceeds $1,987,000.00).
Bank of Montreal is offering Senior Medium‑Term Notes, Series K: market‑linked, auto‑callable securities linked to the lowest performing of three State Street SPDR ETFs. The Original Offering Price is $1,000 per security; agent discount is $23.25, with proceeds to Bank of Montreal of $976.75 per security.
The preliminary pricing sets an estimated initial value of $969.00 and a floor estimated value at pricing of $929.00. Pricing date is March 18, 2026, issue date is March 23, 2026, and stated maturity is March 22, 2029. The contingent coupon rate will be determined on the pricing date and will be at least 12.66% per annum. The securities provide contingent monthly coupons, an automatic call feature, and a principal downside threshold equal to 70% of each Underlier’s starting value; principal is at risk if the lowest performing Underlier closes below that threshold on the final calculation day.
Bank of Montreal is offering Senior Medium-Term Notes, Series K: redeemable fixed-rate notes with a Stated Maturity Date of March 25, 2031. The notes pay interest at 4.40% per annum, semi-annually, and have a principal amount of $1,000 per note with an Issue Date of March 25, 2026.
The notes are redeemable at the issuer’s option on semi-annual Optional Redemption Dates beginning March 25, 2028, at 100% of principal plus accrued interest. These are unsecured, bail-inable notes subject to conversion under subsection 39.2(2.3) of the CDIC Act. Original issue price is $1,000 per note; underwriting discount is $15, leaving proceeds to the issuer of $985 per note.
Bank of Montreal is offering Senior Medium-Term Redeemable Fixed Rate Notes, Series K with a stated maturity of March 25, 2031. The Notes have a principal denomination of $1,000 per Note, pay interest at 4.60% per annum semi-annually, and pay $1,000 at maturity unless redeemed earlier.
The Notes are redeemable in whole, at 100% of principal plus accrued interest, on semi-annual Optional Redemption Dates beginning March 25, 2027. The offering price per Note is $1,000.00 with an underwriting discount of $15.00, leaving proceeds to the issuer of $985.00 per Note. The Notes will not be listed on any securities exchange.
The Notes are bail-inable and subject to conversion into common shares under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act; holders are deemed to consent to the CDIC Act conversion mechanics and Ontario/federal law applicable to such conversion. The Notes are unsecured obligations of Bank of Montreal and are subject to the issuer's credit risk.
Bank of Montreal offers Market Linked Senior Medium-Term Notes (Series K) — auto-callable, contingent-coupon, principal-at-risk securities linked to the lowest performing of Alphabet Class A, the iShares Russell 2000 Value ETF and the State Street Financial Select Sector SPDR ETF. The Original Offering Price and face amount are $1,000 per security. Pricing date is March 12, 2026 and issue date is March 17, 2026. The contingent coupon rate will be set on the pricing date and will be at least 13.44% per annum, paid monthly if the lowest performing Underlier on a calculation day is at or above its coupon threshold (70% of starting value). Automatic call may occur on monthly calculation days between September 2026 and February 2029 if the lowest performing Underlier is at or above its starting value. If not called, maturity is March 15, 2029; principal is protected only if the lowest performing Underlier on the final calculation day is at or above its downside threshold (65%); otherwise you may lose more than 35%, and possibly all, of principal. Estimated initial value at this preliminary stage: $967.60 (will not be less than $918.00 at pricing). All payments are subject to Bank of Montreal credit risk.
Bank of Montreal offers Market Linked Securities—Auto‑Callable with Contingent Coupon and Contingent Downside Principal at Risk linked to the common stock of GE Vernova Inc. The securities have a $1,000 face amount, an estimated initial value of $966.80 (floor $917.00), a minimum contingent coupon rate of 21.60% per annum, quarterly observation dates beginning June 2026, an automatic call feature (Sept 2026–Dec 2028) and a stated maturity of March 29, 2029. At maturity, if the ending value is below 70% of the starting value, payment equals $1,000 × performance factor; otherwise you receive the face amount. The securities are unsecured obligations of Bank of Montreal and subject to its credit risk.
Bank of Montreal is offering senior medium-term, equity-linked notes (face amount $1,000) linked to the common stock of Delta Air Lines, Inc. with a stated maturity of April 1, 2027. The original offering price is $1,000 per security and the issuer's estimated initial value on the pricing supplement is $967.90 (will not be less than $920.00 at pricing). The securities provide 150% upside participation subject to a maximum return of at least 56.40% and a downside threshold equal to 90% of the starting value; if the ending value is below the threshold you bear full downside exposure to declines in the Underlier.
Bank of Montreal priced US$2,835,000 Senior Medium-Term Notes, Series K: Autocallable Barrier Notes linked to the least performing of the S&P 500® and the Russell 2000®. The Pricing Date is March 09, 2026, settlement March 12, 2026, and maturity March 12, 2029.
The notes pay a contingent quarterly coupon of 1.9075% per quarter (~7.63% per annum) if each reference asset on an Observation Date is at or above its Coupon Barrier. The Coupon Barrier and Trigger Level for each index equal 70.00% of its Initial Level. Automatic redemption may occur beginning March 09, 2027 if both indices are at or above their Call Levels (100% of Initial Levels). Price to public is $1,000 per $1,000 principal; estimated initial value was $956.96 per $1,000.
Bank of Montreal is offering US$1,853,000 of Senior Medium-Term Notes, Series K — Capped Buffer Notes linked to the S&P 500® Index, maturing on September 13, 2027. The notes pay no interest and provide 1-to-1 upside participation subject to a Maximum Redemption Amount of $1,170.00 per $1,000 (a 17.00% cap). If the index falls more than 15.00% from the Initial Level, investors absorb losses dollar-for-dollar beyond that buffer, up to an 85.00% loss of principal. The notes are unsecured obligations of Bank of Montreal, not exchange-listed, and all payments are subject to the issuer’s credit risk.
Bank of Montreal is offering US$400,000 of Senior Medium-Term Notes, Series K — Callable Barrier Notes with contingent monthly coupons and a March 12, 2029 maturity.
Key terms: contingent coupons of 0.7083% per month (approximately 8.50% per annum) payable monthly if each Reference Asset closes at or above its 70.00% Coupon Barrier on an Observation Date; an Issuer Call may be exercised beginning on June 09, 2026; valuation date is March 07, 2029. The estimated initial value on the Pricing Date was $975.55 per $1,000 principal amount.
Bank of Montreal priced $17,750,000 of Senior Medium-Term Notes, Series K, a redeemable fixed-rate issue due March 12, 2031. The Notes carry a 4.10% annual coupon, pay interest semi-annually on March and September 12, have a $1,000 principal denomination and an Issue Date of March 12, 2026. The Notes are redeemable in whole on March 12, 2030 at 100% of principal plus accrued interest and are bail-inable under the Canada Deposit Insurance Corporation Act, with conversion powers into common shares described in the prospectus materials.