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Bank of Montreal is issuing $5,824,000 of Senior Medium-Term Notes, Series K, redeemable fixed rate notes due November 13, 2030. Each note has a $1,000 principal amount and pays fixed interest at 4.35% per annum, with semi-annual payments each May 26 and November 26 starting May 26, 2026.
The notes are callable at the issuer’s option at 100% of principal plus accrued interest on specified semi-annual dates from November 26, 2026 through May 26, 2030. They are unsecured obligations of Bank of Montreal and are bail-inable notes, meaning they can be converted into common shares or varied or extinguished under Canadian bank resolution powers.
The notes will not be listed on any securities exchange, and a liquid secondary market is not expected. Underwriting discounts total $58,240, with net proceeds to Bank of Montreal of $5,765,760. Investors face interest rate risk, issuer credit risk, potential early redemption, limited liquidity and the possibility of loss under Canadian bail-in powers.
Bank of Montreal is offering $1,549,000 of Senior Medium-Term Notes, Series K, redeemable fixed rate notes due November 26, 2032. Each Note has a $1,000 principal amount and pays a fixed interest rate of 4.70% per annum, with interest paid semi-annually on May 26 and November 26, starting May 26, 2026.
Unless earlier redeemed, investors receive $1,000 per Note plus accrued interest at maturity. The bank may redeem the Notes in whole, but not in part, at 100% of principal plus accrued interest on optional redemption dates every May 26 and November 26 from 2027 through May 26, 2032. The Notes are unsecured, bail-inable obligations of Bank of Montreal, are subject to Canadian bail-in conversion into common shares under the CDIC Act, and will not be listed on any securities exchange. Per Note, the original issue price is $1,000, the underwriting discount is $7, and proceeds to Bank of Montreal are $993, for total proceeds of $1,538,157.
Bank of Montreal is offering S&P 500® Index-linked notes that pay no interest and return a variable amount at maturity on January 7, 2027. Each note has a $1,000 principal amount and is designed to be held to maturity, with no stock exchange listing.
If the S&P 500 final level is at or above 90% of the initial level of 6,642.16, investors receive a fixed threshold settlement amount of $1,099.50 per note, a capped positive return. If the index closes below 90% of the initial level (5,977.944), the payoff is reduced by about 1.1111% of principal for every 1% the index falls below that threshold, down to a possible total loss of principal.
The notes are unsecured obligations of Bank of Montreal, subject to its credit risk, and are not insured by any government agency. The initial estimated value is $986.77 per $1,000 note, below the original issue price, reflecting offering and hedging costs. The total offering is $3,000,000, with underwriting discounts of $29,100 and proceeds to Bank of Montreal of $2,970,900.
Bank of Montreal is offering senior medium-term, equity-linked notes tied to the Class A common stock of Meta Platforms, Inc. (META), with a face amount of $1,000 per security and a total original offering price of $3,544,000. The notes price at $1,000 but have an estimated initial value of $969.80 per security.
At maturity on May 26, 2027, investors receive $1,000 plus a 29.00% contingent fixed return ($290) if META’s ending value is at or above the threshold value of $505.1125 (85% of the $594.25 starting value). If META falls more than 15% at maturity, investors have full downside exposure and can lose more than 15%, up to their entire principal. The notes pay no interest, are unsecured obligations of Bank of Montreal subject to its credit risk, are not insured, and are not expected to be listed, so any secondary market could be limited and at prices below face value plus the contingent return.
Bank of Montreal is offering senior unsecured market-linked notes tied to the EURO STOXX 50® Index, with a principal amount of $1,000 per note and scheduled maturity on January 4, 2029. The notes do not pay interest. At maturity, investors receive $1,000 plus any positive index performance, with 100% upside participation, but gains are capped by a maximum return of at least 22.10%, for a minimum maximum maturity payment of $1,221 per note. If the index ends at or below its starting level, investors receive only the $1,000 principal.
The notes are subject to the credit risk of Bank of Montreal and are not insured by any government agency. They will not be listed on any exchange, and any secondary market is expected to be limited. On the preliminary date, the estimated initial value is $958.30 per note, and at pricing it will not be less than $920.00 per note, reflecting offering, structuring and hedging costs. For U.S. investors, the issuer intends to treat the notes as contingent payment debt instruments, which generally require recognizing taxable income each year based on a comparable yield, even though no cash payments are made before maturity.
Bank of Montreal is offering senior medium-term Redeemable Fixed Rate Notes due December 11, 2037. Each Note has a $1,000 principal amount and pays a fixed 5.00% annual interest rate, with interest paid semi-annually on June 11 and December 11, starting June 11, 2026. Unless earlier redeemed, investors receive $1,000 per Note plus accrued interest at maturity.
The Notes are callable at Bank of Montreal’s option at 100% of principal plus accrued interest on each June 11 and December 11 from December 11, 2027 through June 11, 2037. They are unsecured, not insured by U.S. or Canadian deposit insurance, will not be listed on any exchange, and may have limited liquidity. As Canadian bail-inable notes, they can be converted into common shares of Bank of Montreal or its affiliates, or varied or extinguished, under the Canada Deposit Insurance Corporation Act if bail-in powers are exercised, so repayment of principal and interest is subject to both the bank’s credit risk and potential bail-in conversion.
Bank of Montreal is issuing $1,478,000 of senior autocallable buffer enhanced return notes due November 25, 2030, linked to the S&P 500® Futures Excess Return Index. The notes can be automatically redeemed on November 22, 2027 if the index is at or above its initial level, paying back principal plus a fixed $235 per $1,000 note (about 11.75% per year) and ending any further upside.
If not called, investors get 1‑for‑1 upside on index gains at maturity, but only limited downside protection: a 10% buffer applies, and beyond that principal is reduced 1% for each 1% further decline, with losses up to 90%. The notes pay no interest, will not be listed on an exchange, have an estimated initial value of $927.27 per $1,000, and all payments depend on Bank of Montreal’s credit.
Bank of Montreal is offering senior market-linked notes tied to the Nasdaq-100 Index®, providing full principal repayment at maturity and equity upside participation up to a cap. Each note has a $1,000 principal amount and 100% upside participation, but the total gain is limited by a maximum return that will be at least 15.20%, so the maximum maturity payment will be at least $1,152 per note. If the index ends at or below its starting level, investors receive only the $1,000 principal at maturity, with no interest paid during the term. The estimated initial value on the pricing date is expected to be below the $1,000 offering price (illustratively $955.40 per note), reflecting offering, structuring and hedging costs. Payments depend on Bank of Montreal’s credit, and the notes will not be listed, so any secondary market could be limited and at prices below principal.
Bank of Montreal is offering US$288,000 of Senior Medium-Term Notes, Series K, structured as autocallable barrier notes linked to the common stock of Target Corporation (TGT), maturing on November 20, 2028. The notes pay a contingent coupon of 3.125% per quarter (approximately 12.5% per year) for each $1,000 principal amount when Target’s closing share price on an observation date is at or above the coupon barrier of $63.43, which is 70% of the initial level of $90.62.
Beginning May 15, 2026, if Target’s share price on an observation date is at or above 100% of the initial level, the notes are automatically redeemed at par and the applicable coupon is paid, with no further payments. If the notes are not redeemed early and Target’s final share price on the valuation date is below the trigger level of $63.43, principal repayment is reduced in line with the stock’s decline and can be zero. The estimated initial value is $920.29 per $1,000 principal, reflecting structuring and hedging costs, and the notes are unsecured obligations of Bank of Montreal with significant market and credit risk.
Bank of Montreal is offering US$230,000 of autocallable barrier notes due November 20, 2028, linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000 indexes. The notes pay a contingent coupon of 2.525% per quarter (about 10.10% per year) only if, on each observation date, all three indexes are at or above their coupon barrier levels, set at 75% of their initial levels.
Beginning May 15, 2026, the notes are automatically redeemed if all three indexes are at or above their initial levels, returning principal plus the due coupon. If the notes are not called and any index finishes below its 75% trigger level at maturity, principal is reduced in line with the loss of the worst-performing index, and can fall to zero. These are unsecured Bank of Montreal obligations, with an estimated initial value of $967.34 per $1,000 in principal.