Bank of Montreal priced US$2,762,000 Senior Medium‑Term Notes, Series K — Capped Buffer Enhanced Return Notes due March 16, 2029 — linked to the shares of the iShares® MSCI EAFE ETF (EFA). The notes provide 150.00% upside leverage on any appreciation of the Reference Asset but cap the payment at a $1,426.40 Maximum Redemption Amount per $1,000 (a 42.64% return). Investors keep principal unless the Final Level falls below the Buffer Level equal to 85.00% of the Initial Level; losses equal 1% of principal for each 1% decline beyond the 15.00% buffer, up to an 85.00% principal loss. Key mechanics: initial level $99.01, Buffer Level $84.16, cash settlement only, no interest, not listed, and all payments are subject to the credit risk of Bank of Montreal. Price to public was 100% and the issuer’s estimated initial value was $984.86 per $1,000.
Bank of Montreal priced US$559,000 Senior Medium-Term Notes, Series K, linked to the Russell 2000® Index. The notes mature on March 17, 2031 and pay at maturity either a leveraged upside return (Upside Leverage Factor 101.50%) if the Final Level is at or above the Initial Level, return of principal only if the Final Level is below the Initial Level but at or above the Barrier Level (2,034.316, 80.00% of the Initial Level), or a linear loss of principal if the Final Level is below the Barrier Level (losses of 1% of principal for each 1% decline). The Initial Level was 2,542.895 (closing level on the Pricing Date) and the pricing date was March 11, 2026. The public offering price was 100% of principal and the cover shows an Agent’s Commission of 3.00% and Proceeds to Bank of Montreal of 97.00%. The notes are unsecured senior obligations of Bank of Montreal and are subject to the Bank’s credit risk.
Bank of Montreal is offering US$908,000 of Senior Medium-Term Market Linked Notes, Series K, due September 16, 2027, linked to the least performing of the S&P 500® and the NASDAQ-100®. The notes pay no interest and provide 1-to-1 upside participation with an Upside Leverage Factor of 100.00%, subject to a Maximum Redemption Amount of $1,074.40 per $1,000 principal (a 7.44% capped return). If the least performing reference asset finishes below its Initial Level, holders receive only the $1,000 principal at maturity. Pricing date was March 11, 2026, settlement March 16, 2026, valuation date September 13, 2027. All payments are unsecured and subject to Bank of Montreal credit risk.
Bank of Montreal offers a preliminary pricing supplement for non‑interest notes linked to the VanEck® Gold Miners ETF (GDX), with a $1,000 principal amount per note and a threshold level equal to 75.00% of the initial underlier level (set on the trade date).
If the final underlier level is ≥ the threshold level, holders receive a threshold settlement amount expected to be between $1,252.60 and $1,296.40 per note. If the final underlier level is below the threshold, holders lose approximately 1.3333% of principal for every 1% the final level is below the threshold and could lose some or all principal. The initial estimated value is expected to be between $949.00 and $979.00 per $1,000 principal amount and will be less than the original issue price.
Bank of Montreal filed a Form 6-K highlighting its updated Code of Conduct, which sets ethical standards for all employees, officers, contractors and directors globally. The Code is built around core values of Integrity, Inclusion, Responsibility and Empathy and five main commitments: making a positive impact, doing what is right, protecting the brand, avoiding conflicts of interest, and speaking up about concerns.
The document emphasizes mandatory annual ethics and compliance training, zero waivers to the Code, and potential consequences up to termination for violations. It provides detailed expectations on anti-bribery and anti-corruption, anti-money laundering, fair competition, securities trading, privacy, use of AI, social media, handling of client and employee information, outside activities, gifts and entertainment, political activities and personal relationships. A prominent “Speak Up!” framework and whistleblower service support confidential and anonymous reporting and protection from retaliation.
Bank of Montreal priced Senior Medium-Term Notes, Series K: market‑linked, auto‑callable securities due March 16, 2027 linked to the lowest performing of GE, Intel and JPM. The original offering price is $1,000 per security and the issuer's estimated initial value is $973.99 per security.
The securities pay a 16.50% per annum contingent coupon (monthly) subject to a monthly coupon threshold (50% of starting value); unpaid coupons accrue and can be paid later if thresholds are met (memory feature). The notes are auto‑callable June 2026–February 2027 if the lowest performing underlier meets its 90% call threshold; otherwise principal is at risk at maturity and may be reduced pro rata if the lowest performing underlier is below its 50% downside threshold.
Payments are unsecured obligations of Bank of Montreal, subject to the bank's credit risk; the securities are not FDIC‑insured and are not exchange‑listed. Pricing date: March 11, 2026; issue date: March 16, 2026. The agent discount per security is $15.75.
Bank of Montreal is offering Senior Medium-Term Notes, Series K: equity-linked, auto-callable securities due March 16, 2028 with a face amount and original offering price of $1,000 per security. The initial estimated value is $959.26 per security and the contingent coupon rate is 17.70% per annum.
Payments depend on the lowest performing Underlier of General Electric (GE), Intel (INTC) and JPMorgan Chase (JPM). Monthly calculation days begin April 11, 2026; automatic calls can occur June 2026–February 2028 if the lowest performing Underlier meets its call threshold. If not called, maturity payoff depends on the lowest performing Underlier on the final calculation day and offers a 50% downside threshold.
Bank of Montreal is offering US$1,250,000,000 of 4.338% Fixed/Floating Rate Senior Notes due March 19, 2030. The Notes pay 4.338% semi‑annually from March 19, 2026 to March 19, 2029, then Compounded SOFR + 0.890% quarterly through maturity. The offering price is 100.000% with underwriting commissions of 0.250%, producing estimated net proceeds of US$1,246,675,000 to the issuer.
The Notes are senior unsecured, bail-inable and subject to conversion into common shares under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act; Canadian law and Ontario courts govern certain bail-in effects. Redemption features include optional redemptions (par call mechanics and tax redemption) and standard benchmark/treasury‑rate based call pricing. Interest resets reference Compounded SOFR with detailed fallback and benchmark replacement provisions.
Bank of Montreal is issuing $2,000,000 Senior Medium-Term Notes, Series K, redeemable fixed-rate notes due March 13, 2029.
The Notes pay interest at 4.00% per annum, with semi-annual interest payments on the 13th of March and September commencing September 13, 2026, and have a $1,000 principal amount per Note. The Notes are redeemable in whole (but not in part) by Bank of Montreal on semi-annual Optional Redemption Dates beginning March 13, 2027 at 100% of principal plus accrued interest. The Notes are bail-inable and subject to conversion under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act, with related jurisdictional and consent provisions described in the pricing supplement. The original issue price was $1,000.00 per Note; underwriting discount was $2.50 per Note and proceeds to Bank of Montreal were $997.50 per Note (total proceeds $1,995,000.00).
Bank of Montreal priced US$7,917,000 Senior Medium-Term Notes, Series K — autocallable barrier notes linked to the American depositary receipts of Novo Nordisk A/S (NVO). Pricing date was March 10, 2026 with settlement March 13, 2026 and maturity April 13, 2027.
The notes pay a contingent monthly coupon of 1.09% per month (approximately 13.08% per annum) when the Reference Asset on an Observation Date is at or above the Coupon Barrier of $22.07 (57.00% of the Initial Level). The Initial Level is stated as $38.72. The notes are callable beginning on September 09, 2026 if the Reference Asset closes at or above the Call Level (100% of Initial Level). At maturity, if a Trigger Event occurs (Final Level below the Trigger Level of $22.07), holders may receive shares or cash based on the Physical or Cash Delivery Amount; otherwise holders receive full principal. The cover shows an estimated initial value of $951.96 per $1,000 and a public offering price of 100% with an agent commission of 2.15%.