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Bank of Montreal is issuing US$1,525,000 of Senior Medium-Term Notes, Series K, in the form of Autocallable Barrier Notes with Memory Coupons due March 24, 2027. The notes are linked to the least performing of the S&P 500 Index, NASDAQ-100 Index and Russell 2000 Index and pay a monthly contingent coupon of 0.9875% per $1,000, but only if each index is at or above its coupon barrier level on the observation dates, with unpaid coupons potentially caught up later under the memory feature.
The notes can be automatically redeemed beginning June 18, 2026 if each index is at or above its call level, returning principal plus any due coupons. If the notes are not called and a trigger event occurs and the final level of the least performing index is below its initial level, principal is reduced in line with that index’s loss and can fall to zero. The notes are unsecured obligations of Bank of Montreal, with an estimated initial value of $994.79 per $1,000 in principal amount.
Bank of Montreal is offering US$1,235,000 of senior medium-term autocallable barrier notes due January 25, 2027, linked to the common stock of AbbVie Inc. The notes pay a contingent monthly coupon at a rate of 0.8458% (approximately 10.15% per year) when AbbVie’s share price on an observation date is at or above a coupon barrier of $176.92, which is 78% of the $226.82 initial level.
Beginning June 22, 2026, the notes will be automatically redeemed if AbbVie’s share price is above the initial level on an observation date, returning principal plus the applicable coupon. If the notes are not called and AbbVie’s final level is below the $176.92 trigger level, investors will incur a loss of principal matching the stock’s negative return, potentially losing their entire investment. The estimated initial value is $969.50 per $1,000 principal amount, below the issue price, reflecting fees and hedging costs.
Bank of Montreal is offering US$877,000 of Senior Medium-Term Notes, Series K, which are autocallable barrier notes with contingent coupons due December 26, 2028. The notes are linked to the least performing of the S&P 500 Index and the Russell 2000 Index and pay a contingent coupon of 4.185% per semiannual period (about 8.37% per year) only if both indexes are at or above their coupon barrier levels, set at 80% of their initial levels. Beginning December 22, 2026, the notes will be automatically redeemed if both indexes are at or above 100% of their initial levels, returning principal plus the applicable coupon. If the notes are not called and any index finishes below its 80% trigger level at maturity, investors will lose principal in line with the decline of the worst-performing index, and the repayment amount may be zero. The estimated initial value is $959.98 per $1,000, and the notes are unsecured obligations of Bank of Montreal without deposit insurance.
Bank of Montreal is issuing US$579,000 of Senior Medium-Term Notes, Series K, barrier notes with contingent coupons due January 25, 2027. The notes are linked to the least performing of the Russell 2000 Index (RTY) and the S&P 500 Index (SPX).
Investors can receive a contingent coupon of 0.75% per month (about 9.00% per year), or $7.50 per $1,000 of principal, but only if on each Observation Date both indexes close at or above their coupon barrier levels, set at 80% of their initial levels (2,023.540 for RTY and 5,467.60 for SPX). Missed coupons are not paid later.
At maturity, if neither index has fallen below its 80% trigger level, investors receive back $1,000 per $1,000 note plus any final coupon. If a trigger event occurs and the least performing index finishes below its trigger, the repayment is reduced in line with that index’s percentage loss and can fall to zero. The estimated initial value is $981.20 per $1,000 of principal.
Bank of Montreal is offering $23,007,000 of Senior Medium-Term Notes, Series K, structured as autocallable barrier notes with contingent coupons due January 25, 2027, linked to the common stock of Constellation Energy Corporation. The notes pay a 1.04% monthly contingent coupon (about 12.48% per year) only if the stock closes at or above the coupon barrier of $202.58, which is 57% of the initial level. Beginning June 22, 2026, the notes are automatically redeemed at par plus the coupon if the stock is at or above its initial level. If the notes are not called and the final stock level is below the same $202.58 trigger level, investors lose principal in line with the stock’s decline, potentially down to zero. The notes are unsecured obligations of Bank of Montreal, with an estimated initial value of $963.55 per $1,000 in principal.
Bank of Montreal is offering US$1,239,000 of Senior Medium-Term Notes, Series K, callable barrier notes due December 26, 2028. These notes pay a monthly contingent coupon of 0.8208% (about 9.85% per year) only if on each observation date the S&P 500, NASDAQ-100 and Russell 2000 indexes are all at or above 70% of their initial levels. Beginning December 22, 2026, the bank may redeem the notes early at par plus any due coupon.
If the notes are not called and any index finishes below its 70% trigger level on the valuation date, repayment of principal is reduced in line with the decline of the worst-performing index and can fall to zero, as illustrated by the hypothetical maturity table. The estimated initial value is $988.60 per $1,000 of principal, reflecting fees and hedging costs.
Bank of Montreal is issuing US$19.45 million of Senior Medium-Term Notes, Series K, Buffer Notes due June 24, 2027, linked to the least-performing of the iShares MSCI EAFE ETF (EFA) and the Russell 2000 Index (RTY). Investors receive monthly coupons at 0.5667% of principal (about 6.80% per year), equal to $5.667 per $1,000 note, paid on the 24th of each month from January 2026 through maturity.
At maturity, investors get back $1,000 per note if the least-performing reference asset has not fallen by more than 20% from its initial level. If it has fallen more than 20%, principal is reduced at 1.25% for each 1% decline beyond that buffer, and the repayment can fall to zero, though the final coupon is still paid. The buffer levels are set at 80% of initial levels for both EFA and RTY.
The bank estimates the initial value of each note at $994.30 per $1,000 of principal, reflecting structuring and hedging costs. For U.S. tax purposes, the notes are expected to be treated as an investment unit consisting of a debt portion and a put option, with 6.8% annual interest split between these components. The notes are unsecured obligations of Bank of Montreal and are not insured by any deposit insurance scheme.
Bank of Montreal is issuing US$1,060,000 of senior medium-term Autocallable Barrier Notes with Memory Coupons due December 26, 2028, linked to the common stock of Intel, AMD and S&P Global. The notes pay a contingent monthly coupon of 1.9167% (about 23.00% per year) when the closing level of each stock is at or above its coupon barrier, set at 60.00% of its initial level, with unpaid coupons potentially paid later under the memory feature.
Starting December 22, 2026, 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 the notes are not called and any stock finishes below its 60.00% trigger level at maturity, investors lose principal based on the performance of the worst-performing stock, and the repayment could be zero. The estimated initial value is $981.75 per $1,000 principal, reflecting structuring and hedging costs.
Bank of Montreal is offering US$798,000 of senior autocallable barrier notes due December 26, 2028, linked to the weakest of Charles Schwab, United Airlines and Lam Research shares. The notes pay monthly contingent coupons at 1.7917% (about 21.50% per year), or $17.917 per $1,000, only if all three stocks stay at or above their coupon barrier levels, set at 60% of their initial prices.
If, starting December 22, 2026, all three stocks are at or above their initial levels on an observation date, the notes are automatically redeemed at par plus any due coupons, including unpaid “memory” coupons. If held to maturity and any stock finishes below its 60% trigger level, principal is reduced in line with the loss on the worst performer and can fall to zero; if all stay at or above their triggers, investors receive full principal back plus any due coupons. The estimated initial value is $979.41 per $1,000 of principal.
Bank of Montreal is offering $1,329,000 of Senior Medium-Term Notes, Series K, Capped Buffer Enhanced Return Notes due June 24, 2027, linked to the S&P 500® Index. The notes provide 1-to-1 upside exposure to index gains, but the Maximum Redemption Amount is capped at $1,124.20 per $1,000 of principal, a maximum return of 12.42%.
The structure includes a 15.00% downside buffer: if the S&P 500® falls by more than this from its Initial Level of 6,834.50, investors lose 1% of principal for each additional 1% decline, up to an 85.00% loss of principal. 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 2.10% agent’s commission and 97.90% of proceeds to Bank of Montreal. The estimated initial value is $974.96 per $1,000, reflecting structuring and hedging costs, and secondary market values may be lower than the purchase price.