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Bank of Montreal is offering US$1,507,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes with contingent coupons due July 2, 2027, linked to the common stock of Oracle Corporation.
Investors may receive monthly contingent coupons at a rate of 1.1042% (about 13.25% per year) if Oracle’s share price on each observation date is at or above the coupon barrier of $117.23, which is 60% of the initial level of $195.38. The notes can be automatically redeemed starting March 30, 2026 if Oracle closes above its initial level, returning principal plus the applicable coupon.
If the notes are not called, investors receive full principal at maturity if Oracle’s final level is at or above the trigger level of $97.69 (50% of the initial level). If Oracle finishes below the trigger, repayment is reduced in line with the stock’s loss and can fall to zero. The estimated initial value is $972.07 per $1,000, reflecting fees, hedging and structuring costs.
Bank of Montreal is issuing US$394,000 of senior medium-term Autocallable Barrier Notes with Memory Coupons due January 2, 2029, linked to NVIDIA Corporation common stock. The notes pay a contingent coupon of 2.575% per quarter (about 10.30% per year), or $25.75 per $1,000, only if NVDA’s closing level on an observation date is at or above the coupon barrier of $112.93, which is 60% of the $188.22 initial level. Missed coupons can be paid later if the barrier is met, under the memory feature.
Beginning June 29, 2026, the notes are automatically redeemed if NVDA closes above its initial level on an observation date, returning principal plus any due coupons. If the notes are not called and NVDA’s final level is below the $112.93 trigger level, principal is reduced one-for-one with NVDA’s loss and can fall to zero. The estimated initial value is $941.86 per $1,000, reflecting structuring and hedging costs.
Bank of Montreal is issuing US$473,000 of Senior Medium-Term Notes, Series K, as autocallable barrier notes linked to the least performing of Amazon.com, Inc. common stock and Alphabet Inc. Class A common stock. The notes pay a contingent coupon of 2.575% per quarter (about 10.30% per year), but only if on each observation date both stocks close at or above their coupon barrier levels, set at 60% of their initial levels.
Starting June 29, 2026, the notes are automatically redeemable if both stocks are at or above their initial levels, returning principal plus the due coupon. If not called, at maturity in January 2029 investors receive full principal only if no trigger event occurs; a trigger occurs if either stock ends below its 60% trigger level, in which case repayment is reduced in line with the loss on the worst-performing stock and can fall to zero. The estimated initial value is $938.03 per $1,000 of principal.
Bank of Montreal is offering US$68,000 of Senior Medium-Term Notes, Series K, autocallable barrier enhanced return notes due January 2, 2029, linked to Class A common stock of Palantir Technologies Inc. The notes pay no interest and are unsecured obligations, subject to Bank of Montreal’s credit risk, and will not be listed on any exchange.
On December 31, 2026, if Palantir’s share price is above 100% of the Initial Level of $184.18, the notes are automatically redeemed and investors receive principal plus a Call Amount of $275.50 per $1,000 note, equal to about 27.55% per year, with no further upside. If held to maturity and Palantir’s Final Level is at or above the Initial Level, investors get 150% of the stock’s gain. If the Final Level is below the Initial Level but at or above the Barrier Level of $110.51 (60% of the Initial Level), investors receive principal only. If the Final Level is below the Barrier Level, principal is reduced 1% for each 1% decline, down to total loss.
The price to the public is 100% of principal, with a 4.50% agent’s commission and 95.50% proceeds to Bank of Montreal. The estimated initial value is $932.47 per $1,000, reflecting offering, structuring and hedging costs. The notes feature complex payoff, potential illiquidity, conflicts of interest, and uncertain tax treatment.
Bank of Montreal is offering senior market-linked notes tied to the EURO STOXX 50® Index, each with a $1,000 principal amount and maturing on January 4, 2029. The notes provide full principal repayment at maturity, subject to Bank of Montreal’s credit, plus upside exposure to index gains at a 100% participation rate capped by a maximum return of 22.10% (maximum maturity payment of $1,221 per note).
The notes pay no periodic interest, are unsecured obligations of Bank of Montreal and are not insured by any deposit insurance agency. The estimated initial value on the pricing date is $957.52 per note, below the $1,000 offering price, reflecting fees, hedging costs and the issuer’s internal funding rate. The offering size is $935,000, with an agent discount of $33.25 per note and proceeds to Bank of Montreal of $966.75 per note.
Liquidity is uncertain because the notes will not be listed on any exchange, and any secondary market would be made only on a discretionary basis by the agent or its affiliates. U.S. holders are expected to treat the notes as contingent payment debt instruments, recognizing taxable interest income annually based on a 4.123% comparable yield, even though no cash is paid before maturity.
Bank of Montreal is offering senior Market Linked Securities tied to the worst performer of Alphabet Class A (GOOGL) and NVIDIA (NVDA), maturing on December 31, 2027. Each note has a $1,000 face amount and pays a 13.10% per annum contingent coupon, calculated and payable monthly only if, on the relevant calculation day, the lowest performing stock closes at or above 60% of its starting value. The notes may be automatically called from June 2026 through November 2027 if the lowest performer is at or above its starting value, in which case investors receive $1,000 plus the final coupon.
If the notes are not called, investors receive at maturity either $1,000 if the lowest performer is at or above its 50% downside threshold, or a reduced amount proportional to that stock’s decline, exposing them to losses greater than 50% and possibly their entire principal. The starting prices are $313.56 for GOOGL and $188.22 for NVDA, with an estimated initial value of $958.51 per note. These unsecured notes carry Bank of Montreal credit risk, are not insured by any deposit insurer, will not be listed on an exchange, and may have limited or no secondary market liquidity.
Bank of Montreal is issuing US$75,000 of Senior Medium-Term Notes, Series K, linked to the common stock of Intel Corporation. These “autocallable barrier enhanced return notes” offer 150.00% leveraged upside on any gain in Intel’s share price at maturity if the notes are not called early.
The notes may be automatically redeemed on December 31, 2026 if Intel’s stock closes above 100.00% of its initial level of $36.68. In that case, investors receive their principal plus a fixed Call Amount of $224.00 per $1,000 note on January 06, 2027, equal to a return of approximately 22.40% per annum, with no further participation in stock gains.
If the notes are not called and Intel’s final level is at or above its initial level, investors receive principal plus 150.00% of the stock’s percentage gain. If the final level is below the initial level but at or above the Barrier Level of $22.01 (60.00% of the initial level), investors receive only their $1,000 principal. If Intel falls below the barrier, repayment is reduced 1% for each 1% decline, and principal loss can reach 100%.
The notes pay no interest, are unsecured obligations of Bank of Montreal, and will not be listed on any exchange. The price to the public is 100% of principal, with a 4.50% agent’s commission, and the estimated initial value is $936.51 per $1,000 note, reflecting offering and hedging costs.
Bank of Montreal is issuing US$2,213,000 of senior medium-term Digital Return Barrier Notes due June 30, 2027, linked to the Class A common stock of CoreWeave, Inc. (CRWV). These notes offer a fixed 52.00% digital return on $1,000 principal if the CoreWeave share price on the valuation date is at or above 50.00% of its initial level of $74.92, a digital barrier set at $37.46. If the stock falls more than 50.00% from this initial level, investors lose 1% of principal for each 1% decline, and can lose their entire investment. The notes pay no interest, are unsecured obligations of Bank of Montreal, will not be listed on any exchange, and have an estimated initial value of $934.47 per $1,000, below the 100% public offering price, reflecting embedded costs and hedging. All payments are subject to Bank of Montreal’s credit risk, and the product involves complex tax and liquidity considerations.
Bank of Montreal is issuing $9,707,000 of Senior Medium-Term Notes, Series K, redeemable fixed-rate notes due January 2, 2036. Each note has a $1,000 principal amount, pays fixed interest of 4.95% per annum, with interest paid semi-annually on January 2 and July 2, starting July 2, 2026.
The notes are callable at par plus accrued interest, in whole but not in part, on January 2 and July 2 of each year from January 2, 2028 through June 2, 2035. They are unsecured obligations of Bank of Montreal, will not be listed on any securities exchange, and are subject to the bank’s credit risk.
The notes are designated as bail-inable notes under the Canada Deposit Insurance Corporation Act and may be converted into Bank of Montreal common shares or varied or extinguished in a bail-in conversion. They are not insured by U.S. or Canadian deposit insurance schemes. The original issue price is $1,000 per note, with a $10 underwriting discount and $9,609,930 in proceeds to Bank of Montreal before expenses.
Bank of Montreal is issuing $6,427,000 of Senior Medium-Term Notes, Series K, which are 4.50% fixed-rate bail-inable notes due January 2, 2031. The notes pay interest semi-annually each January 2 and July 2, starting July 2, 2026, at a rate of 4.50% per year on a $1,000 minimum denomination.
Bank of Montreal may redeem the notes in whole at 100% of principal plus accrued interest on optional redemption dates every January 2 and July 2 from January 2, 2027 through July 2, 2030. The notes are unsecured obligations of Bank of Montreal, are not insured by any deposit insurance agency, and will not be listed on any securities exchange.
The offering price is $1,000 per note, with a $5 underwriting discount per note, resulting in total proceeds to Bank of Montreal of $6,394,865 after a total underwriting discount of $32,135. As bail-inable notes, they may be converted into common shares of Bank of Montreal or its affiliates, or varied or extinguished, under Canadian bank resolution powers.