Bank of Montreal priced $33,237,400 of Trigger Callable Contingent Yield Notes due September 29, 2028. The senior unsecured notes pay a quarterly contingent coupon (16.05% per annum; $0.4013 per Note per quarter) only if each Underlier closes at or above its 70% Coupon Barrier on every eligible trading day in an Observation Period. If not redeemed earlier by the Issuer, principal repayment at maturity depends on the Final Underlier Values: if every Underlier is at or above its 60% Downside Threshold, the $10 principal is repaid; if the Least Performing Underlier is below that threshold, the maturity payment equals $10 plus $10 times that Underlier Return, which can result in substantial or total loss of principal.
Bank of Montreal priced US$1,110,000 of Senior Medium-Term Notes, Series K due March 30, 2029. The capped buffer enhanced return notes reference the least performing of the S&P 500® and NASDAQ-100®, provide 200.00% upside leverage subject to a 31.50% cap ($1,315 per $1,000), and include an 85.00% downside exposure beyond a 15.00% buffer. Payments depend on the Least Performing Reference Asset’s Final Level on the March 27, 2029 valuation date and are unsecured obligations of Bank of Montreal.
Bank of Montreal is issuing structured, non‑interest paying notes linked to the S&P 500® Index with a stated maturity of June 22, 2028 and a determination date of June 20, 2028.
The notes have a $1,000 principal amount per note, an upside participation rate of 170%, a cap that limits the maximum cash settlement to $1,303.28 per note, and a buffer that protects against declines up to 15.00% of the initial underlier level (initial underlier level: 6,477.16). The dealer received no underwriting discount and proceeds equal original issue price total $17,798,000.00.
Bank of Montreal (BMO) is offering Capped Leveraged Index Return Notes® linked to the Russell 2000® Index due April, 2028. The notes have a $10.00 principal per unit and an expected term of approximately two years.
The notes feature a Participation Rate of 200%, a Threshold Value of 90% of the Starting Value and an initial Capped Value to be set at pricing in the range of $12.20 to $12.60. The issuer’s initial estimated value on the pricing date is stated to be between $9.09 and $9.39 per unit; the public offering price is $10.00 with an underwriting discount of $0.20 and a disclosed hedging charge of $0.05.
Payments at maturity depend on the average Ending Value of the Index during the Maturity Valuation Period, are subject to BMO’s credit risk, and can result in loss of principal if the Ending Value is below the Threshold Value. The term sheet highlights small‑capitalization company risk, tax uncertainties for U.S. and non-U.S. holders, and other structure- and market-related risks.
Bank of Montreal priced US$3,982,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the American depositary receipts of Novo Nordisk A/S (NVO) on March 25, 2026, with settlement on March 30, 2026 and maturity on April 30, 2027. The notes pay a Contingent Coupon of 1.2292% per month (approximately 14.75% per annum) when the Reference Asset on an Observation Date is at or above the Coupon Barrier Level.
If not auto‑redeemed, principal at maturity depends on the Final Level versus the Trigger Level: investors receive $1,000 per $1,000 unless the Final Level is below the Trigger Level ($20.34, or 56.00% of the Initial Level), in which case the cash payment equals $1,000 plus $1,000 times the Percentage Change. The notes were offered at 100% of principal with an estimated initial value of $965.62 per $1,000; the agent’s commission was 2.15% and proceeds to BMO were 97.85%.
Bank of Montreal priced US$1,501,000 Senior Medium-Term Notes, Series K, Barrier Notes linked to the least performing of the common shares of KeyCorp (KEY) and the State Street Financial Select Sector SPDR ETF (XLF). The notes pay a monthly Coupon of $8.708 per $1,000 (interest rate 0.8708% per month, approximately 10.45% per annum) on the last business day of each month.
The notes have a Strike Date of March 24, 2026, a Pricing Date of March 25, 2026, Settlement Date March 30, 2026, Valuation Date March 28, 2028 and Maturity Date March 31, 2028. Trigger Levels equal 55.00% of each Initial Level: KEY $10.90 and XLF $27.10. At maturity, if the Final Level of the least performing Reference Asset is below its Trigger Level, principal is reduced pro rata by the Percentage Change; otherwise, principal of $1,000 is returned plus the final Coupon. The estimated initial value on the Pricing Date was $972.95 per $1,000 in principal.
Bank of Montreal is offering non‑interest structured notes linked to the VanEck® Gold Miners ETF (ticker: GDX) with a $1,000 principal amount per note. The trade date is March 25, 2026, original issue date March 30, 2026, and stated maturity is March 29, 2028 (subject to postponement).
The notes feature an automatic call on the call observation date April 2, 2027 if the closing price of GDX is ≥ the initial level of $86.32; called notes pay principal plus a 20.90% call premium. If not called, maturity payoffs depend on the final underlier level vs a 90.00% buffer: upside participation is 200% with a stated maturity premium of 41.80%, while declines below the buffer reduce principal at ~1.1111% per 1% decline below the buffer level. The issuer’s estimated initial value is $981.10 per $1,000 note; original issue price is $1,000.00 with an underwriting discount of $20.00.
Bank of Montreal priced $2,399,000 Senior Medium-Term Notes, Series K, redeemable fixed-rate notes due March 31, 2031. The Notes pay interest at 4.55% per annum, payable semi-annually beginning September 30, 2026, in $1,000 denominations.
The issuer may redeem the Notes in whole (but not in part) on semi-annual Optional Redemption Dates at 100% of principal plus accrued interest; holders have no right to early repayment. The Notes are unsecured, not listed, and are designated as bail-inable under the Canada Deposit Insurance Corporation Act, exposing holders to potential conversion into common shares under that regime.
Bank of Montreal published a preliminary pricing supplement for non‑interest bearing notes linked to the S&P 500® Index. Each note has a $1,000 principal amount; the offering shows an original issue price of $1,000.00, underwriting discount of $10.90 and proceeds to Bank of Montreal of $989.10 per note.
Notes pay a threshold settlement amount if the final index level is ≥ 90.00% of the initial level; the threshold settlement amount is expected to be within the range of $1,096.20 and $1,112.90. If final index < 90.00% of initial, holders lose approximately 1.1111% of principal for every 1% decline below the threshold and could lose some or all principal. The issuer’s estimated initial value is expected to be within the range of $969.00 and $999.00 per $1,000 principal amount.
Bank of Montreal is offering Senior Medium-Term Notes, Series K, Redeemable Fixed Rate Notes due March 27, 2029. The notes pay a fixed 4.55% per annum with semi-annual interest dates and are redeemable by the issuer on semi-annual Optional Redemption Dates at 100% plus accrued interest. The notes are unsecured, bail-inable under the Canadian CDIC Act and may be converted into common shares under subsection 39.2(2.3). Original issue price is $1,000 per note with an underwriting discount of $10 and proceeds to Bank of Montreal of $990 per note. The notes will not be listed on any securities exchange; holders bear the issuer credit risk.