Bank of Montreal priced US$365,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of the S&P 500® and the Russell 2000®. The notes were priced on March 26, 2026 with settlement on March 31, 2026 and maturity on June 30, 2027. They pay a contingent coupon of 0.725% per month (approximately 8.70% per annum) when each reference asset is at or above its coupon barrier on observation dates, are subject to automatic redemption if both references are at or above their call levels on an observation date, and provide a principal‑at‑risk payoff at maturity based on the least performing reference asset. The pricing supplement shows an estimated initial value of $948.65 per $1,000 and a public offering price at par with an agent commission of 2.25%.
Bank of Montreal is offering US$2,728,000 of Senior Medium‑Term Notes, Series K — capped buffer enhanced‑return notes linked to the S&P 500® Index due September 30, 2027. Each $1,000 note pays 150.00% of any index appreciation up to a Maximum Redemption Amount of $1,095.00. If the index falls more than the Buffer Percentage of 20.00% from the Initial Level (Initial Level: 6,477.16), investors lose 1% of principal for each 1% decline beyond 20.00%, with up to an 80.00% principal loss. The notes do not pay interest, are unsecured obligations of Bank of Montreal, are not exchange‑listed, and are subject to the issuer’s credit risk. The issuer’s estimated initial value was $957.44 per $1,000 and the public offering price was 100%.
Bank of Montreal priced US$306,000 of Senior Medium-Term Market Linked Notes, Series K due March 30, 2029. The notes pay at maturity based on the least performing of the NASDAQ-100 Index (NDX) and the VanEck Semiconductor ETF (SMH), provide 100% participation up to a Maximum Redemption Amount of $1,210 per $1,000 (21.00% cap), return only principal if the least performing reference asset is flat or down, and are unsecured obligations of Bank of Montreal.
Bank of Montreal (BMO) priced principal-protected-notes-style structured notes linked to the iShares® MSCI South Africa ETF (EZA). For each $1,000 note, if the final underlier level on the determination date is ≥75.00% of the initial level ($63.80), investors receive $1,191.10; otherwise they lose approximately 1.3333% of principal for each 1% the final level is below 75.00%. The notes mature September 28, 2027 (subject to postponement), are unsecured obligations of Bank of Montreal, not listed, and have an estimated initial value of $954.04 per $1,000 principal amount.
Bank of Montreal priced US$4,081,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes due March 30, 2029. The notes pay no interest, provide 150.00% upside leverage to the least performing of INDU, NDX and RTY if not auto‑redeemed, and may auto‑redeem on April 01, 2027 if each Reference Asset closes above its Call Level.
If auto‑redeemed, each $1,000 note pays principal plus a $175 Call Amount (approx. 17.50% per annum). If not auto‑redeemed, maturity payoff depends on the Least Performing Reference Asset: full upside with 150% leverage if it finishes >= Initial Level; principal preserved if Final Level >= 70.00% (Barrier); otherwise losses equal the percentage decline of the Least Performing Reference Asset.
Bank of Montreal priced US$1,518,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the S&P 500® Index. The notes mature on March 30, 2029 and can be automatically redeemed on April 01, 2027 if the S&P 500 closing level exceeds its Initial Level, in which case holders receive principal plus a $76 Call Amount per $1,000 (≈7.60% per annum). If not called, maturity payoffs depend on performance: full 1:1 participation in upside (100% Upside Leverage Factor) if the Final Level ≥ Initial Level; principal preserved if Final Level ≥ Barrier Level (75% of Initial Level); otherwise investors lose 1% of principal for each 1% decline below the Initial Level, up to a 100% loss. Price to public was 100% and the issuer’s estimated initial value was $934.55 per $1,000.
Bank of Montreal (BERZ) launches US$1,656,000 series of Senior Medium-Term Notes — Capped Contingent Risk Absolute Return Buffer Notes due March 31, 2031. The notes provide 150.00% leveraged upside or downside exposure to the S&P 500® with a 20.00% buffer, a Maximum Redemption Amount of $1,400.00 and a Maximum Downside Redemption Amount of $1,300.00 per $1,000 principal. The Initial Level is 6,477.16 and the Buffer Level is 5,181.73 (80.00%). The notes do not bear interest, are unsecured obligations of Bank of Montreal, carry issuer credit risk, and had an estimated initial value of $917.62 per $1,000 on the Pricing Date.
Bank of Montreal is offering US$706,000 of Senior Medium-Term Notes, Series K — Contingent Risk Absolute Return Buffer Notes due April 02, 2029 linked to the least performing of the NASDAQ-100 Index (NDX), XLK and VTI. The notes provide 102.50% upside leverage if the least performing reference asset rises. A 75.00% buffer applies: if the least performing asset finishes at or above 75.00% of its Initial Level you can receive a positive downside payment up to the Maximum Downside Redemption Amount of $1,250.00 per $1,000. If the least performing asset falls below the buffer, holders lose 1% of principal for each 1% decline beyond 25.00% and could lose up to 75.00% of principal. Notes pay no interest, are unsecured, subject to Bank of Montreal credit risk, not exchange-listed, and have an estimated initial value of $983.04 per $1,000. Terms include a Pricing Date March 26, 2026, Settlement Date March 31, 2026, Valuation Date March 27, 2029, and Maturity Date April 02, 2029.
Bank of Montreal priced US$3,106,000 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 notes mature on March 30, 2029, settle March 31, 2026, and begin automatic redemption observations on April 1, 2027. Investors receive specified Call Amounts on specified Observation Dates if all three indices close at or above 90% of their Initial Levels; otherwise final payment at maturity depends on the Least Performing Reference Asset and may be less than principal if a Trigger Event (70% barrier) occurs. The public offering price was 100% of principal and the estimated initial value was $950.48 per $1,000 principal.
Bank of Montreal (issuer) priced US$926,000 of Senior Medium-Term Autocallable Barrier Notes, Series K, due March 31, 2028, linked to the least performing of the VanEck® Semiconductor ETF (SMH) and the Dow Jones Industrial Average® (INDU). The notes pay monthly contingent coupons of 1.0208% per month (approximately 12.25% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier Level. The notes may be automatically redeemed beginning on March 25, 2027, if both reference assets close at or above their Call Levels. At maturity, if not called, holders receive $1,000 per $1,000 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 can be less than principal. Initial levels: SMH $380.84, INDU 45,960.11; Coupon/Trigger Levels are $266.59 and 32,172.08 (70% of initial levels). The estimated initial value was $944.09 per $1,000.