Bank of Montreal is offering tranches of Senior Medium-Term Notes, Series J due in 2030, comprised of a fixed-to-floating tranche and a floating-rate tranche. The notes are senior unsecured, bail-inable and may be converted into common shares under the CDIC Act. Interest for the fixed tranche is payable through a fixed period then resets to compounded SOFR plus a spread; the floating tranche pays compounded SOFR plus a spread. Redemption and tax-redemption provisions, payment of additional amounts for certain Canadian taxes, calculation agent mechanics, and benchmark-replacement provisions for SOFR are described. The offering uses book-entry form through DTC and will be distributed by an underwriter syndicate that includes an affiliate, BMO Capital Markets Corp., creating a disclosed conflict of interest.
Bank of Montreal is offering Senior Medium-Term Notes, Series K: fixed-rate, redeemable notes with a 5.05% per annum coupon, a stated maturity of March 24, 2038, and an original issue price of $1,000.00 per Note. Interest is payable semi-annually on March 24 and September 24, beginning September 24, 2026. The issuer may redeem the Notes in whole (but not in part) on semi-annual Optional Redemption Dates beginning March 24, 2028 at 100% of principal plus accrued interest. The Notes are bail-inable under the Canada Deposit Insurance Corporation Act and may be converted into common shares under subsection 39.2(2.3) of the CDIC Act. The original issue price allocates an underwriting discount of $20.00, leaving proceeds to the issuer of $980.00 per Note.
Bank of Montreal (BERZ) priced a Senior Medium-Term Note, Series K: an equity index‑linked, auto‑callable note with a fixed monthly coupon (coupon rate determined on pricing date, at least 7.40% per annum), face amount $1,000 and stated maturity April 2, 2029. Pricing date is March 27, 2026 and issue date April 1, 2026. The securities are linked to the lowest performing of the Nasdaq‑100, Russell 2000 and S&P 500; threshold values equal 75% of each starting value. If not called, principal at maturity depends solely on the lowest performing Underlier and can be reduced pro rata (potentially to zero) if that Underlier closes below its threshold. Estimated initial value on the preliminary pricing supplement is $968.30 (not less than $920.00), original offering price is $1,000, agent discount $23.25, proceeds to issuer $976.75. Payments are subject to Bank of Montreal credit risk; securities are unsecured and not FDIC‑insured.
Bank of Montreal offers Market Linked Securities—auto-callable notes with a contingent 9.06% per annum coupon and principal at risk, linked to the lowest performing of the Nasdaq-100, Russell 2000 and S&P 500, maturing March 9, 2029. The original offering price is $1,000 per security and the initial estimated value on the pricing date was $953.43 per security; pricing date was March 6, 2026 and issue date March 11, 2026.
Monthly calculation days determine contingent monthly coupon payments and quarterly call opportunities. If the lowest performing Underlier is at or above its coupon threshold (75% of its starting value) on a calculation day, holders may receive the contingent coupon; automatic calls occur if the lowest performing Underlier is at or above its starting value on a call date. At maturity, if not called, principal is returned in full only if the lowest performing Underlier ends at or above its downside threshold (70% of starting value); otherwise principal is reduced pro rata to the Underlier’s performance.
Bank of Montreal is offering market-linked, auto-callable Senior Medium-Term Notes (Series K) linked to the lowest performing share of Advanced Micro Devices, Microsoft and UnitedHealth, maturing March 28, 2029. The original offering price is $1,000 per security; estimated initial value on the pricing date was $965 (not less than $915). The notes pay monthly contingent coupons (with a memory feature) only if the lowest performing underlier on each calculation day meets its coupon threshold; the contingent coupon rate will be at least 21.90% per annum. If the notes are automatically called on a calculation day, holders receive principal plus accrued contingent coupons. At maturity, if not called, repayment equals $1,000 unless the lowest performing underlier’s ending value is below its downside threshold (60% of starting value), in which case principal is reduced pro rata by the underlier’s performance factor. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk. Tax treatment is uncertain for U.S. holders; withholding on coupons to non-U.S. holders is expected. The securities are complex, not listed, and may have limited secondary-market liquidity.
Bank of Montreal priced US$1,391,000 Senior Medium-Term Notes, Series K — Autocallable Contingent Risk Absolute Return Buffer Notes due March 12, 2029. The notes pay no interest and offer 120.00% upside leverage to appreciation of the least performing of NDX, RTY and SPX, a 50.00% downside leverage when declines remain above a 70.00% Buffer Level, and an automatic redemption feature on March 12, 2027 if each Reference Asset exceeds its Call Level.
Key terms: Price to public 100% ($1,391,000 aggregate); Call Amount $144.60 per note (approximate 14.46% per annum) if autocalled; Maximum Downside Redemption Amount $1,150.00 per $1,000; estimated initial value $971.63 per $1,000. All payments are subject to the credit risk of Bank of Montreal.
Bank of Montreal priced US$1,220,000 of Senior Medium-Term Notes, Series K — Capped Contingent Risk Absolute Return Buffer Notes linked to the least performing of EFA, SPX and RTY.
The notes mature on September 13, 2027, were priced on March 06, 2026 and settle on March 11, 2026. They offer 125.00% upside leverage subject to a $1,237.00 maximum redemption per $1,000, and a 20.00% downside buffer (Buffer Level = 80.00% of initial). If the least performing reference asset falls below the buffer, investors lose 1% of principal for each 1% decline beyond the buffer, up to an 80.00% principal loss. The issuers initial estimated value was $983.99 per $1,000.
Bank of Montreal launches a structured equity-linked note offering linked to GE, Intel and JPMorgan (auto-callable). The preliminary pricing supplement sets an Original Offering Price of $1,000 per security, an estimated initial value of $971.90 (not less than $922.00), pricing date March 11, 2026, issue date March 16, 2026 and stated maturity March 16, 2028.
The notes pay monthly contingent coupons with a contingent coupon rate of at least 17.70% per annum (paid only if the lowest‑performing underlier meets its coupon threshold on a calculation day), are auto‑callable if the lowest performing underlier meets its call threshold on specified calculation days, and repay principal at maturity tied to the lowest performing underlier (downside protection threshold = 50% of starting value).
Bank of Montreal priced US$30,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to General Motors Company stock. The notes have an $1,000 principal per note equivalent, a total principal amount of $30,000.00, a Pricing Date of March 06, 2026, Settlement Date March 11, 2026, Valuation Date April 07, 2027, and Maturity Date April 12, 2027.
The notes pay a Contingent Coupon of 1.1792% per month (approximately 14.15% per annum) when the Reference Asset closes at or above the Coupon Barrier Level on Observation Dates. The Coupon Barrier and Trigger Level are $53.14 (70.70% of the Initial Level). If not autocalled and the Final Level is below the Trigger Level, maturity proceeds equal $1,000 plus Percentage Change, which may be less than principal.
Bank of Montreal priced Autocallable Barrier Senior Notes linked to General Motors Company common stock. The offering consists of $128,000 in principal amount of Series K notes with a contingent monthly coupon of 0.975% (≈11.70% per annum), an initial level of $75.21, and a coupon/trigger barrier of $53.14 (70.70% of initial). The notes pay monthly contingent coupons if the stock closes at or above the coupon barrier on observation dates, can autocall beginning September 9, 2026 if the reference asset is at or above the call level, and pay a cash settlement at maturity (April 12, 2027) that can return less than principal if the final level is below the trigger. The estimated initial value was $963.25 per $1,000 on the pricing date and proceeds to BMO were 97.85% of principal after commissions.