Bank of Montreal priced US$1,416,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due March 27, 2028. The notes pay contingent monthly coupons of 0.7975% (approximately 9.57% per annum) if each reference index meets its monthly coupon barrier.
The notes are linked to the least performing of the S&P 500®, Russell 2000® and the Dow Jones Industrial Average®. Observation dates precede monthly coupon dates; automatic redemption can occur beginning March 23, 2027 if all references are at or above their call levels. At maturity, if a Trigger Event occurred, payment equals $1,000 adjusted by the Percentage Change of the least performing reference asset; otherwise $1,000 is returned. The pricing supplement states an estimated initial value of $969.15 per $1,000 principal amount on the Pricing Date.
Bank of Montreal priced a US$350,000 offering of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the least performing of META, AMZN and NVDA. The Pricing Date is March 24, 2026, Settlement Date March 27, 2026, Valuation Date September 22, 2028, and Maturity Date September 27, 2028.
The notes pay a contingent monthly coupon of 1.25% (approximately 15.00% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier Level (55% of Initial Level). The notes are automatically redeemed if, on an Observation Date beginning March 23, 2027, each reference asset is at or above its Call Level (100% of Initial Level). At maturity, if a Trigger Event occurs (any Final Level below its Trigger Level, 50% of Initial Level), the holder receives $1,000 × (1 + Percentage Change of the Least Performing Reference Asset), which may be less than or equal to zero. The estimated initial value on the Pricing Date was $967.97 per $1,000 principal amount.
Bank of Montreal priced $2,000,000 of Senior Medium-Term Notes, Series K — autocallable barrier notes linked to the common stock of Citigroup Inc. The notes pay a contingent coupon of 0.8833% per month (approximately 10.60% per annum), begin monthly coupon observation on March 24, 2026 with settlement on March 27, 2026, and mature on March 27, 2028. The notes are automatically redeemable beginning on September 23, 2026 if the reference stock closes at or above its Call Level, and at maturity will pay principal or a reduced cash amount if the Final Level is below the Trigger Level ($68.24, 60.00% of the Initial Level). The issuer estimates an initial value of $960.83 per $1,000 principal amount on the pricing date.
Bank of Montreal priced US$2,611,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the least performing of XLK, XHB and XME, with a Pricing Date of March 24, 2026, Settlement on March 27, 2026 and Maturity on June 27, 2029.
The notes pay contingent quarterly coupons of 4.125% per quarter (approximately 16.50% per annum) if each reference asset on an Observation Date is at or above its Coupon Barrier (80% of Initial Level). Beginning September 23, 2026, the notes may be automatically redeemed if all Reference Assets are at or above their Call Level (100% of Initial Level) on an Observation Date. At maturity, if any Reference Asset is below its Trigger Level (80% of Initial Level), investors receive $1,000 adjusted by the Percentage Change of the least performing Reference Asset; otherwise they receive $1,000, plus any due Contingent Coupons.
Bank of Montreal priced US$1,000,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the Class A common stock of Roku, Inc. The notes pay a contingent monthly coupon of 1.3333% (≈16.00% per annum) when the Reference Asset closes at or above a Coupon Barrier Level of $57.35 (60.00% of the Initial Level). The notes mature on March 27, 2029 with a Valuation Date of March 22, 2029, and are subject to automatic redemption if the Reference Asset closes above its Call Level on an Observation Date. At maturity, if the Final Level is below the Trigger Level ($57.35), holders receive a formulaic cash amount that can be less than the principal; otherwise they receive the principal. The estimated initial value at pricing was $948.96 per $1,000 principal.
Bank of Montreal offers Capped Leveraged Index Return Notes linked to the Invesco S&P 500® Equal Weight ETF. These senior unsecured notes have a $10 principal per unit and a term of approximately two years, maturing in April, 2028, and are described in a preliminary term sheet.
The notes provide a 200% Participation Rate in positive performance of the Underlying Fund up to a Capped Value that the issuer has indicated will be between $11.40 and $11.80 per unit. The Threshold Value is 90.00% of the Starting Value. The issuer lists an initial estimated value range of $9.05 to $9.35 per unit and a public offering price of $10.00 per unit; the underwriting discount is $0.20 and an estimated hedging charge is $0.05 per unit. The Underlying Fund trades under ticker RSP and had a closing price of $191.69 on March 23, 2026.
This term sheet is preliminary and subject to change; payments at maturity depend on the Ending Value of the Underlying Fund and are subject to the issuer’s credit risk.
Bank of Montreal priced US$1,055,000 of Senior Medium-Term Notes, Series K: Market Linked Notes due March 27, 2029, linked to the S&P 500® Index. The notes offer 1:1 upside participation up to a Maximum Redemption Amount of $1,250.00 per $1,000 principal (a 25.00% capped return). If the Final Level is between 95.00% and the Initial Level, investors lose 1% for each 1% decline; if below 95.00%, the maturity payment is $950.00 per $1,000 (a 5.00% principal loss). The notes do not pay interest, are unsecured obligations of Bank of Montreal, are not exchange-listed, and are subject to the Bank’s credit risk.
Bank of Montreal (BMO) is offering non‑interest‑bearing, unsecured principal‑protected notes linked to the iShares® MSCI South Africa ETF (EZA). Each note has a $1,000 principal amount and a stated maturity of September 28, 2027 (determination date September 24, 2027, subject to postponement).
Key economics: the initial underlier level was $63.80 (strike date March 24, 2026), the threshold level is $47.85 (75.00% of initial), the threshold settlement amount is $1,191.10 per note, and the buffer rate is approximately 133.33%. If the final underlier level is ≥ threshold, each note pays the threshold settlement amount; if below, holders lose approximately 1.3333% of principal per 1% decline below the threshold and could lose all principal.
The original issue price is $1,000 with an underwriting discount of $15.10 (proceeds to BMO $984.90). The issuer estimates an initial estimated value between $953.90 and $983.90 per note. The notes will not be listed, are designed to be held to maturity, and are subject to BMO credit risk and uncertain U.S. tax treatment.
Bank of Montreal is offering non‑interest bearing, S&P 500®‑linked principal notes with a $1,000 principal amount per note and a stated maturity set on the trade date. The determination date is expected roughly 15–17 months after the trade date, with the stated maturity two business days after that.
If the final underlier level is ≥ 87.50% of the initial level, each note will pay a threshold settlement amount expected to be between $1,115.90 and $1,136.30 per note. If the final underlier level is below 87.50%, the cash settlement declines so the holder loses approximately 1.1429% of principal for every 1% drop below the threshold; investors could lose some or all principal. The issuer will not list the notes and any payments are subject to Bank of Montreal credit risk. The initial estimated value is expected to be between $969.00 and $999.00 per $1,000 principal, below the original issue price.
Bank of Montreal presents a preliminary pricing supplement for non‑interest‑bearing notes linked to the S&P 500® Index that are designed to be held to maturity and whose cash payment depends on index performance. The notes offer an upside participation rate of 170% with a buffer of 15.00% and a capped payout (maximum settlement amount expected between $1,255.85 and $1,300.90 per $1,000 principal).
The notes return the principal if the final index level declines by up to 15.00%; losses accrue approximately 1.1765% of principal for each 1% decline below the buffer. The issuer’s initial estimated value is expected to be between $969.00 and $999.00 per $1,000, which is stated to be less than the original issue price. All payments are subject to the credit risk of Bank of Montreal.