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Bank of Montreal is offering structured notes linked to the MSCI EAFE Index that pay no interest and return a cash amount at maturity based on index performance from January 13, 2026 to February 9, 2028. For each $1,000 note, investors receive 160% of any index gain, capped at a maximum settlement amount of $1,256.00, which is reached if the index rises to at least 116.00% of its initial level of 2,972.93.
The notes provide a 15.00% downside buffer: if the final index level is at or above 85.00% of the initial level, investors receive $1,000, but below that they lose about 1.1765% of principal for every 1% further decline and could lose all principal. The estimated initial value is $988.75 per $1,000 note, total issuance is $3,939,000, the notes are unsecured obligations of Bank of Montreal, and they will not be listed on any exchange.
Bank of Montreal is offering senior market-linked notes tied to the worst performer of the Nasdaq-100 Index, S&P 500 Index and EURO STOXX 50 Index, maturing on February 2, 2029. Each security has a $1,000 face amount, with an estimated initial value of $960.80 per security on the preliminary date, and not less than $910.00 at pricing.
The notes provide 150% upside participation in the lowest performing index, but gains are capped by a maximum return of at least 43%, for a minimum maximum maturity payment of $1,430.00 per security. They feature a 24% buffer; if the worst index falls more than 24%, investors lose 1% of principal for each additional 1% decline, up to a maximum loss of 76% of face value. The securities pay no interest, are unsecured obligations of Bank of Montreal subject to its credit risk, will not be listed on an exchange, and involve complex U.S. and Canadian tax considerations.
Bank of Montreal is issuing US$12,960,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes with contingent coupons due February 16, 2027, linked to Broadcom Inc. common stock. The notes have an Initial Level of $352.21 and pay a 0.90% monthly contingent coupon (approximately 10.80% per year), or $9.00 per $1,000, only if the stock closes on each observation date at or above the $186.67 coupon barrier, which is 53.00% of the Initial Level.
Beginning July 13, 2026, the notes are automatically redeemed if Broadcom’s share price is at or above the Initial Level, returning principal plus the relevant coupon. If not called and Broadcom closes below the $186.67 trigger on the valuation date, investors receive shares (or cash) worth less than the $1,000 principal, potentially down to zero. The notes are unsecured obligations of Bank of Montreal, and their estimated initial value is $967.79 per $1,000.
Bank of Montreal is issuing US$569,000 of Senior Medium-Term Notes, Series K, that are autocallable barrier notes with contingent coupons linked to the Class A common stock of Palantir Technologies Inc. The notes pay a contingent coupon of 4.05% per quarter (about 16.20% per year), or $40.50 per $1,000, only if Palantir’s share price on each observation date is at or above the coupon barrier of $89.71, which is 50% of the $179.41 initial level.
Starting April 10, 2026, the notes are automatically redeemed if the stock closes above the initial level on an observation date, returning principal plus that period’s coupon. If not called, and on the valuation date the stock is at or above the $89.71 trigger level, investors receive full principal at maturity plus any final coupon. If the stock finishes below the trigger, repayment is reduced one-for-one with the stock’s loss and can fall to zero. The notes are unsecured obligations, not insured deposits, and the estimated initial value is $966.09 per $1,000, reflecting fees and hedging costs.
Bank of Montreal filed a Form 6-K as a foreign private issuer to provide legal opinions and related consents supporting an existing SEC registration statement. The filing includes opinions from Sullivan & Cromwell LLP as U.S. counsel and Osler, Hoskin & Harcourt LLP as Canadian counsel.
The document states that the information and exhibits are incorporated by reference into a previously declared effective registration statement, helping to satisfy legal and regulatory requirements for the bank’s securities offerings.
Bank of Montreal is issuing US$1,857,000 of Senior Medium-Term Notes, Series K, that are autocallable barrier notes with contingent coupons due February 16, 2027, linked to the common stock of Apple Inc. The initial Apple level is $260.25, with both the coupon barrier and trigger set at $205.60, or 79.00% of the initial level.
The notes pay a monthly contingent coupon of 0.6808% (about 8.17% per year), or $6.808 per $1,000, only if Apple’s closing level on the relevant observation date is at or above the barrier, and may be automatically redeemed starting July 13, 2026 if Apple is above the initial level. If the notes are not called and Apple finishes below the trigger on the valuation date, investors receive shares (or cash) worth less than principal, potentially down to zero. The estimated initial value is $969.28 per $1,000, below the issue price, reflecting fees and hedging costs.
Bank of Montreal is offering US$2,532,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes with memory coupons due January 16, 2029. The notes are linked to the least performing of JPMorgan Chase & Co., Johnson & Johnson, and UnitedHealth Group common stock.
Investors may receive a 1.25% monthly contingent coupon (about 15.00% per year), or $12.50 per $1,000 of principal, whenever the closing level of each stock on an observation date is at or above its coupon barrier, set at 75.00% of the initial level for each share. Missed coupons can be paid later under the memory feature if the barriers are subsequently met, but all coupons are forgone if the barriers are never met.
Starting January 13, 2027, the notes are automatically redeemed if all three stocks are at or above their initial levels on an observation date, returning principal plus any due coupons. If not called, and on the valuation date any stock is below its 57.50% trigger level, principal is reduced in line with the decline of the worst stock and can be fully lost. The estimated initial value is $975.41 per $1,000, below the issue price, reflecting fees and hedging costs, and the notes are unsecured obligations of Bank of Montreal with complex structural and market risks.
Bank of Montreal is offering US$4,052,000 of senior medium-term Autocallable Barrier Notes due February 16, 2027, linked to Microsoft Corporation common stock. The notes pay a contingent monthly coupon of 0.7208% (about 8.65% per year), but only if Microsoft’s closing share price on each observation date is at or above the coupon barrier of $376.97, which is 79% of the $477.18 initial level. Starting July 13, 2026, the notes will be automatically redeemed if Microsoft closes above the 100% call level, returning principal plus the applicable coupon.
If the notes are not called and Microsoft finishes below the $376.97 trigger level on the valuation date, investors receive shares (or cash equivalent) based on the physical delivery amount rather than full principal, exposing them to significant downside to zero. The estimated initial value is $970.86 per $1,000 note, and the notes are unsecured obligations of Bank of Montreal, with an agent’s commission of 2.15% and proceeds to the bank of 97.85% of principal.
Bank of Montreal is offering senior market-linked notes that pay a high contingent coupon, expected to be at least 24.67% per annum, but only if the lowest performing of CoreWeave Class A shares and lululemon athletica stock is at or above 50% of its starting value on quarterly calculation days.
The notes are auto-callable from July 2026 through October 2028 if the lowest performing stock is at or above its starting value, in which case investors receive the $1,000 face amount plus the applicable coupon and any previously unpaid coupons. If not called, investors get $1,000 back at maturity in January 2029 only if the lowest performer is at or above 50% of its starting value; below that level, repayment is reduced one-for-one with the stock’s decline, with the possibility of a total loss of principal.
The notes do not participate in any upside of either stock and may pay no coupons at all. All payments depend on Bank of Montreal’s credit. The estimated initial value is $964.60 per $1,000 note, and will not be less than $920.00 per security at pricing.
Bank of Montreal is offering US$807,000 of senior Medium-Term Notes, Series K, Autocallable Barrier Enhanced Return Notes due January 16, 2029, linked to the weaker performer of the SPDR S&P Regional Banking ETF (KRE) and the Financial Select Sector SPDR Fund (XLF). The notes pay no interest and all payments depend on Bank of Montreal’s credit.
Starting January 14, 2027, if on an Observation Date both ETFs close at or above 100% of their Initial Levels, the notes are automatically redeemed at par plus a fixed Call Amount, targeting roughly an 18% per annum return (US$180 in 2027 or US$360 in 2028 per US$1,000 note). After redemption, investors do not share in further ETF gains.
If the notes are not called, maturity payoff depends on the “Least Performing” ETF. Upside is leveraged at 150% of its positive price change. If its Final Level is below its Initial Level but at or above 75% (the Barrier Level), principal is returned only. If it falls below the Barrier, investors lose 1% of principal for each 1% decline and can lose their entire investment. The estimated initial value is US$961.79 per US$1,000, below the issue price, reflecting fees and hedging costs.