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

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).

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.