Bank of Montreal prices US$500,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Rigetti Computing, Inc. common stock. The notes were priced on March 25, 2026 with a March 30, 2026 settlement and a September 30, 2026 maturity. Each $1,000 note pays a contingent coupon of 3.125% per month (approximately 37.50% per annum) when the Reference Asset closes at or above the Coupon Barrier on an Observation Date; the Coupon Barrier and Trigger Level are both $9.08 (60.00% of the Initial Level). The Initial Level is $15.14, the estimated initial value was $940.80 per $1,000, and the offering principal amount is $500,000.00. If the notes are not autocalled and the Final Level is below the Trigger Level, holders may receive a Physical Delivery Amount or a Cash Delivery Amount at maturity.
Bank of Montreal priced US$1,349,000 Senior Medium-Term Notes, Series K: Autocal lable Buffer Notes linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000. Pricing Date was March 25, 2026, settlement March 30, 2026 and maturity March 31, 2031.
The notes pay a contingent quarterly coupon of 2.3875% per quarter (approximately 9.55% per annum) if each reference asset on an Observation Date is at or above its Coupon Barrier (70.00% of its Initial Level). The notes are autocallable beginning March 25, 2027 if all Reference Assets close at or above their Call Levels (100% of Initial Level).
At maturity, if any Reference Asset’s Final Level is below its Buffer Level (70.00% of Initial Level), a Trigger Event occurs and the cash payment uses a Downside Leverage Factor of ~142.86%, producing approximately a 1.4286% loss of principal for each 1% decline of the least performing asset beyond 30.00%. The estimated initial value was $979.72 per $1,000.
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.
Bank of Montreal is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 due on or about September 29, 2028. The Notes pay a quarterly Contingent Coupon only if each Underlier closes at or above its Coupon Barrier on every eligible trading day during an Observation Period. The Contingent Coupon Rate will be set on the Trade Date and is at least 15.00% per annum. Each Note has a Principal Amount of $10, a Trade Date of March 27, 2026, Settlement Date of March 31, 2026, and a Maturity Date of September 29, 2028. The Initial Underlier Value equals each Underlier's closing value on the Trade Date; Coupon Barrier equals 70% of Initial Underlier Value and Downside Threshold equals 60%.
The Issuer may redeem the Notes on quarterly Optional Redemption Dates; if redeemed you receive Principal plus any Contingent Coupon then due. If the Notes are not redeemed and on the Final Valuation Date any Underlier is below its Downside Threshold, the cash payment at maturity will reflect the Underlier Return of the Least Performing Underlier and may be less than Principal, possibly resulting in substantial or total loss. The Notes are senior unsecured obligations of Bank of Montreal; payments are subject to the Issuer's credit risk. The estimated initial value on the date of this preliminary pricing supplement is $9.87 per Note (not including offering costs) and will not be less than $9.57 per Note at pricing. Minimum investment is $1,000.
Bank of Montreal priced $5,613,000 of Senior Medium-Term Notes, Series K — Redeemable Fixed Rate Notes due March 30, 2029. The Notes pay interest at 4.25% per annum, payable semi‑annually beginning September 30, 2026, and are callable by the issuer on semi‑annual Optional Redemption Dates beginning March 30, 2027.
The Notes were issued at an original issue price of $1,000.00 per Note with an underwriting discount of $3.00 per Note, producing proceeds to the Bank of $5,596,161.00. The Notes are unsecured, will not be listed on any exchange, and are bail-inable under the Canada Deposit Insurance Corporation Act, subject to conversion into common shares under that regime.