Bank of Montreal priced US$1,015,000 Senior Medium-Term Notes, Series K — Contingent Risk Absolute Return Barrier Notes linked to the S&P 500® Futures Excess Return Index. The notes mature on March 19, 2029, have an Upside Leverage Factor of 105.30%, an Initial Level of 2,536.58, and a Barrier Level equal to 60.00% of the Initial Level (321.95).
If the Final Level is above the Initial Level, investors receive $1,000 + $1,000 × Percentage Change × 105.30%. If the Final Level is below the Initial Level but at or above the Barrier Level, investors receive a positive downside-protected payout capped at a Maximum Downside Redemption Amount of $1,400 per $1,000. If the Final Level is below the Barrier Level, investors lose 1% of principal for each 1% decline and may lose up to 100% of principal. The notes are unsecured obligations of Bank of Montreal, estimated initial value $977.43 per $1,000 and priced to public at par.
Bank of Montreal is offering US$35,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes linked to the Class A common stock of Palantir Technologies Inc. The notes pay no interest, provide 150.00% upside leverage if not auto‑redeemed, and may be automatically redeemed on March 19, 2027 if the Reference Asset closes above its Call Level. If auto‑redeemed, investors receive principal plus the Call Amount (approximately 24.40% per annum return). If not auto‑redeemed, maturity payoffs depend on the Final Level: full principal preserved if Final Level ≥ Initial Level; no upside beyond principal if Final Level is below Initial but at or above the Barrier Level of $90.57 (60.00% of Initial Level); and a pro rata loss of principal if Final Level is below the Barrier (investors lose 1% of principal per 1% decline). Payments are subject to the credit risk of Bank of Montreal. Price to public was 100% and agent’s commission was 4.50%.
Bank of Montreal is offering preliminary pricing for senior medium-term notes, Series K: ETF-linked, auto-callable securities with a contingent monthly coupon (with memory) and a 20% downside buffer, maturing March 29, 2029. The original offering price is $1,000 per security; the estimated initial value on the pricing date is $962.50 per security (not less than $920.00 at pricing). The contingent coupon rate will be set on the pricing date and is stated to be at least 10.00% per annum. Principal at maturity depends on the performance of the lowest performing ETF Underlier (XLF, XLK, XLY) relative to thresholds; if the ending value of the lowest performing Underlier is below its downside threshold (80% of starting value), investors bear 1-to-1 downside in excess of the 20% buffer, potentially losing up to 80% of the face amount. The agent discount is $23.25, with proceeds to Bank of Montreal of $976.75 per security.
Bank of Montreal is issuing US$2,644,000 of Senior Medium-Term Notes, Series K: Autocallable Buffer Enhanced Return Notes due March 19, 2029. The notes pay no interest and are linked to the least performing of the Russell 2000 and the S&P 500.
If on March 19, 2027 both indexes close above their Call Levels (100% of Initial Levels), the notes will be automatically redeemed and holders receive principal plus a Call Amount equal to $1,142 per $1,000 (approximate 14.20% annualized). If not called, upside is 125% of the Least Performing Reference Asset’s appreciation above its Initial Level; there is a 20% buffer on downside, and holders lose 1% of principal for each 1% decline beyond that buffer, up to an 80% principal loss.
Bank of Montreal priced US$3,459,000 Senior Medium-Term Notes, Series K, Autocallable Barrier Notes due February 20, 2029. The notes were priced on March 13, 2026 with settlement on March 18, 2026, linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000® indices.
The notes pay a Contingent Interest Rate of 0.6958% per month (approximately 8.35% per annum) when each Reference Asset on an Observation Date is at or above its Coupon Barrier Level (70% of the Initial Level). Automatic redemption can occur beginning on September 16, 2026 if each Reference Asset is at or above its Call Level (100% of Initial Level). If not autocalled, maturity payoff depends on the least performing Reference Asset and may return less than principal if a Trigger Event (Final Level below 70% of Initial Level) occurs. The estimated initial value was $950.30 per $1,000 principal amount on the Pricing Date.
Bank of Montreal priced US$2,330,000 Senior Medium‑Term Notes, Series K. The notes are 3‑year Barrier Notes with Contingent Coupons paying 4.50% per semiannual period (approximately 9.00% per annum) if each reference index is at or above a 75.00% Coupon Barrier on observation dates. The notes reference the Russell 2000® (RTY) and the S&P 500® (SPX), have a Pricing Date of March 13, 2026, Settlement Date March 18, 2026, Valuation Date March 14, 2029 and Maturity Date March 19, 2029. At maturity, investors receive $1,000 per $1,000 unless a Trigger Event occurs (Final Level of any Reference Asset < Coupon Barrier); if triggered, payment equals $1,000 × (1 + Percentage Change of the Least Performing Reference Asset), which may be less than principal. The issuer estimated an initial value of $963.82 per $1,000 on the Pricing Date.
Bank of Montreal is issuing US$1,485,000 in Senior Medium‑Term Notes, Series K: autocallable, buffer‑enhanced return notes linked to the least performing of the Russell 2000® and the S&P 500®. The notes pay no interest and may be automatically redeemed on March 19, 2027 for a Call Amount representing approximately 10.50% per annum. If not called, upside participation is leveraged at 125.00% of the Least Performing Reference Asset; a 20.00% buffer protects against declines up to that level. If the Least Performing Reference Asset falls below the buffer, investors lose 1% of principal for each 1% decline beyond 20.00%, with potential principal loss up to 80.00%. The public offering price was 100% and the issuer’s estimated initial value was $950.34 per $1,000.
Bank of Montreal priced US$3,965,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the Least Performing of the S&P 500® Index and the Russell 2000® Index. The notes priced on March 13, 2026, settle on March 18, 2026, and mature on March 19, 2029.
Key economics: principal amount $3,965,000, contingent semiannual coupon of 4.75% per period (≈9.50% per annum) if both reference assets meet coupon barriers (70% of initial levels). Notes may autocall beginning on the September 2026 observation; at maturity holders receive $1,000 per $1,000 unless a trigger event occurs (final level of any reference asset below 70.00% of its initial level), in which case maturity payment equals $1,000 plus the percentage change of the least performing reference asset applied to principal. Estimated initial value was $975.55 per $1,000 on the pricing date.
Bank of Montreal priced US$628,000 Senior Medium-Term Notes, Series K — Barrier Notes with Contingent Coupons due March 19, 2029. The notes pay semiannual contingent coupons of 4.00% per semiannual period (approximately 8.00% per annum) if each Reference Asset is at or above a Coupon Barrier Level on observation dates. The notes are linked to the Least Performing of the Russell 2000® (RTY) and the S&P 500® (SPX), with both the Coupon Barrier Level and Trigger Level set at 75.00% of each Initial Level. Payment at maturity returns $1,000 per $1,000 principal unless a Trigger Event occurs; if a Trigger Event occurs, maturity payment equals $1,000 plus the Percentage Change of the Least Performing Reference Asset, which may result in a payment below principal or zero. Pricing Date was March 13, 2026, Settlement Date March 18, 2026, Valuation Date March 14, 2029. The pricing supplement states an estimated initial value of $941.46 per $1,000 on the Pricing Date and discloses underwriting commissions and proceeds to the issuer on the cover.
Bank of Montreal priced US$5,446,000 Senior Medium‑Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons linked to the least performing of the S&P 500® and the Russell 2000®.
Key terms: Pricing Date March 13, 2026, Settlement Date March 18, 2026, Maturity Date March 19, 2029. Contingent interest is 4.00% per semiannual period (approximately 8.00% per annum), equal to $40 per $1,000 when payable. Coupon Barrier and Trigger Levels are 70.00% of the Initial Levels for each index. Notes autocall if both reference assets close at or above their Call Levels (100% of Initial Level) on an Observation Date. At maturity, if a Trigger Event occurred for the Least Performing Reference Asset, the cash payment equals $1,000 plus $1,000 times the Percentage Change of that asset (which can be less than principal and may be zero). The estimated initial value on the Pricing Date was $960.31 per $1,000 principal amount.