Bank of Montreal offers principal-protected-notes-like structured notes linked to the S&P 500® Index with a conditional buffered downside and limited upside. Each note has a $1,000 principal amount. If the final index level is ≥ 90.00% of the initial level, holders receive a threshold settlement amount (expected between $1,088.60 and $1,104.00). If below 90.00%, holders lose approximately 1.1111% of principal for every 1% the final index level is below the threshold; losses can be substantial, including total loss of principal. The notes pay no interest, are unsecured obligations of Bank of Montreal, are not listed, and have an initial estimated value range of $959.70 to $989.70 per $1,000 principal amount.
Bank of Montreal is offering Senior Medium-Term Notes, Series K: redeemable fixed-rate notes paying $1,000 principal per Note with a 4.50% fixed interest rate. The Trade Date is March 23, 2026, Issue Date March 25, 2026, and the Stated Maturity Date is March 14, 2031.
The Notes pay interest semi‑annually on March 25 and September 25 (commencing September 25, 2026) and are redeemable by Bank of Montreal in whole (but not in part) on scheduled Optional Redemption Dates at 100% of principal plus accrued interest. The original issue price is $1,000 per Note (underwriting discount $15.00; proceeds to Bank of Montreal $985.00 per Note). The Notes will not be listed on any exchange and are bail-inable under the Canada Deposit Insurance Corporation Act, permitting conversion into common shares under subsection 39.2(2.3).
Bank of Montreal priced US$500,000 Senior Medium-Term Notes, Series K Buffer Notes linked to CoreWeave, Inc. (CRWV). The notes priced on March 11, 2026 with settlement March 16, 2026 and maturity September 16, 2026.
Key terms: principal amount US$500,000; Initial Level of the Reference Asset $81.96; Buffer Level $65.57 (80.00% of Initial Level); Buffer Percentage 20.00%; quarterly coupon of 8.775% (each coupon = $87.75 per $1,000). At maturity, investors receive $1,000 per $1,000 unless the Reference Asset final level is below the Buffer Level, in which case payment is shares or cash using a 125.00% downside leverage factor. The estimated initial value was $978.64 per $1,000 on the Pricing Date.
Bank of Montreal is offering US$730,000 in Senior Medium‑Term Notes, Series K: Callable Barrier Notes with Contingent Coupons linked to the common stock of Tesla, Inc. The notes pay a contingent monthly coupon of 1.6875% (≈20.25% per annum) if the Reference Asset on each Observation Date is ≥ the Coupon Barrier Level. The notes are callable by the issuer beginning on June 11, 2026 and mature on March 16, 2028. The Initial Level is $407.82, the Coupon Barrier Level and Trigger Level are $244.69 (60.00% of Initial Level), and the notes pay cash at maturity based on Tesla's Final Level; if the Final Level is below the Trigger Level a reduced cash amount applies. The estimated initial value was $981.55 per $1,000 principal amount on the Pricing Date.
Bank of Montreal priced a US$1,000,000 offering of Senior Medium-Term Notes, Series K: Step Down Autocallable Barrier Notes due March 16, 2029, linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®. The notes pay scheduled Call Amounts on multiple observation dates beginning March 11, 2027, offering stated call returns of approximately 11.50% per annum if automatically redeemed.
If not called, maturity payment depends on the Least Performing Reference Asset; a Trigger Event occurs if any Final Level is below its Trigger Level (each Trigger Level equals 70.00% of the Initial Level). The public offering price is $1,000 per note (agents sold between $990 and $1,000), and the estimated initial value on the pricing date was $977.77 per $1,000 principal amount.
Bank of Montreal priced US$663,000 Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000. The Pricing Date is March 11, 2026, Settlement Date March 16, 2026, Valuation Date March 12, 2031 and Maturity Date March 17, 2031. The notes pay a monthly contingent coupon of 0.7917% (approximately 9.50% per annum) when each reference asset on an Observation Date is >= its Coupon Barrier (70% of Initial Level). Trigger Levels are 60% of Initial Level; a Trigger Event (Final Level below Trigger Level for any reference asset) causes downside at maturity equal to the percentage change of the least performing reference asset. Issuer Call may be exercised on Observation Dates beginning March 12, 2027. The document states an estimated initial value of $974.93 per $1,000 principal on the Pricing Date.
Bank of Montreal priced US$1,000,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due March 16, 2029, linked to the least performing of the S&P 500 (SPX), NASDAQ-100 (NDX) and Russell 2000 (RTY).
The notes pay a Contingent Interest Rate of 5.50% per semiannual period (approximately 11.00% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier (70% of the Initial Level). The notes are automatically redeemed if all three indices are at or above their Call Levels (100% of Initial Level) on an Observation Date.
At maturity, if not autocalled, holders receive $1,000 per note unless a Trigger Event occurs (any Final Level below its Trigger Level of 70% of Initial Level), in which case the payment equals $1,000 × Percentage Change of the Least Performing Reference Asset. The Pricing Date was March 11, 2026, Settlement Date March 16, 2026, Valuation Date March 13, 2029. The estimated initial value was $976.83 per $1,000 and the public offering price was $1,000 per $1,000 (proceeds to BMO $990,000 after a 1.00% agent commission).
Bank of Montreal provides a preliminary pricing supplement for principal‑protected‑contingent notes linked to an unequally weighted basket of five international indices. Each note has a $1,000 principal amount, an upside participation rate of 230%, a buffer level of 87.50% and a cap producing a maximum settlement amount expected in the range of $1,149.73 to $1,175.95 per $1,000 note.
The initial basket level is 100, the final basket level is measured at a determination date expected between 14 and 16 months after the trade date, and the initial estimated value is expected to be between $969.00 and $999.00 per $1,000 principal amount, which the issuer states is less than the original issue price. Payments at maturity depend on basket performance, are capped above the cap level, are protected within the buffer, and will decline pro rata below the buffer; all payments are subject to Bank of Montreal credit risk.
Bank of Montreal priced US$3,051,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of Advanced Micro Devices, Inc. (AMD), Palantir Technologies Inc. (PLTR) and Microsoft Corporation (MSFT). Pricing Date was March 11, 2026, Settlement Date March 16, 2026, and Maturity Date March 16, 2029.
The notes pay a contingent quarterly coupon of 4.55% per quarter (approximately 18.20% per annum) if each Reference Asset on an Observation Date closes at or above its Coupon Barrier (60% of Initial Level). A Memory Coupon feature pays previously unpaid coupons if later conditions are met. Automatic redemption can occur beginning on March 11, 2027 if each Reference Asset closes at or above its Call Level (100% of Initial Level) on an Observation Date.
At maturity, if not auto‑redeemed and a Trigger Event occurred (any Reference Asset final level < Trigger Level, 60% of Initial Level), payment equals $1,000 × (1 + Percentage Change of the Least Performing Reference Asset). The pricing supplement shows an estimated initial value of $940.71 per $1,000 principal amount and a public offering price at or near 100% with an agent commission of 2.00%.
Bank of Montreal issues US$688,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to Diageo plc ADRs. The notes priced on March 11, 2026, settle on March 16, 2026, and mature on April 16, 2027.
The notes pay a contingent coupon of 0.8675% per month (approximately 10.41% per annum) if the Reference Asset meets the Coupon Barrier on monthly observation dates. The Initial Level is $79.68; the Coupon Barrier and Trigger Level are $58.17 (73.00% of Initial Level). The notes are automatically callable beginning on September 11, 2026 if the Reference Asset closes at or above the Call Level (100% of Initial Level) on an Observation Date.
At maturity, if not called and if the Final Level is below the Trigger Level, investors receive $1,000 times (1 + Percentage Change), which can be less than principal and may be zero. The estimated initial value on the Pricing Date was $954.18 per $1,000 principal amount.