Bank of Montreal priced US$882,000 Senior Medium‑Term Notes, Series K — callable Barrier Notes linked to the least performing of the S&P 500®, Russell 2000® and the Dow Jones Industrial Average®. The notes pay contingent quarterly coupons of 2.5875% per quarter (≈10.35% per annum) if each reference asset on an observation date is ≥ its coupon barrier, have an issuer call beginning September 8, 2026, and mature on March 11, 2030. The pricing supplement states an estimated initial value of $984.43 per $1,000 principal on the pricing date and explains final principal at maturity depends on the performance of the least performing reference asset, with defined coupon barrier (75%) and trigger level (65%) thresholds.
Bank of Montreal issues US$3,309,000 Senior Medium-Term Notes, Series K (Buffer Notes) due March 09, 2029. The notes provide 85.00% upside participation on any appreciation of the State Street SPDR S&P 500 ETF Trust (SPY) and a 20.00% principal buffer against declines; losses beyond the buffer reduce principal dollar-for-dollar, up to an 80.00% loss. The notes are unsubordinated, non‑interest bearing, payable in cash only, subject to Bank of Montreal credit risk, issued in minimum denominations of $1,000, and were sold at a total public offering price of $3,309,000.
Bank of Montreal is offering US$831,000 Senior Medium-Term Notes, Series K Buffer Notes due March 09, 2029, linked to the shares of the SPDR® Gold Trust ("GLD"). The notes provide 82.00% upside participation on appreciation and include a 10.00% downside buffer: investors receive full principal at maturity if GLD does not fall more than 10.00% from the Initial Level ($468.14 on March 03, 2026), but lose 1 of principal for each 1 decline beyond the buffer, up to a 90.00% principal loss. The notes pay no interest, are unsecured obligations subject to Bank of Montreal credit risk, issued in minimum denominations of $1,000, and were priced to the public at 100% with an estimated initial value of $981.62 per $1,000.
Bank of Montreal priced US$536,000 Senior Medium‑Term Notes, Series K, an Autocallable Barrier Note with Memory Coupons linked to the least performing of the common stock of Tesla, Inc. and NVIDIA Corporation.
Key terms: Pricing Date March 04, 2026, Settlement Date March 09, 2026, Valuation Date March 06, 2028, Maturity Date March 09, 2028. Contingent Coupon equals 2.0667% per month (approximately 24.80% per annum) or $20.667 per $1,000 when payable; Memory Coupon feature permits payment of previously unpaid coupons if future observation conditions are met. Automatic redemption may occur beginning on June 04, 2026 if each reference asset equals or exceeds its Call Level (100% of initial level) on an Observation Date. At maturity, if a Trigger Event occurred (final level of any Reference Asset below its Trigger Level of 55.00% of initial), the cash payment equals $1,000 plus the percentage change of the least performing asset, which can be less than principal. The estimated initial value on the Pricing Date was $979.68 per $1,000 in principal amount.
Bank of Montreal prices US$2,317,000 Series K senior medium-term notes — Autocallable Barrier Notes with Memory Coupons linked to the least performing of the common stock of Tesla, Inc. and NVIDIA Corporation. The notes were priced on March 04, 2026, settle on March 09, 2026 and mature on March 09, 2028. They pay a contingent monthly coupon of 1.8167% (about 21.80% per annum) when each reference asset closes at or above its coupon barrier, feature a Memory Coupon to catch up unpaid coupons, and can be automatically redeemed beginning on June 04, 2026 if both reference assets close at or above their Call Level. At maturity investors receive principal unless a Trigger Event occurs (Final Level below 55% of Initial Level for the least performing asset), in which case the cash payment equals $1,000 plus the percentage change of the least performing asset, which may be less than the principal. The pricing supplement states an estimated initial value of $962.78 per $1,000 principal amount.
Bank of Montreal is offering market-linked, auto-callable senior medium-term notes due March 16, 2027 linked to the lowest performing share of GE, INTC and JPM. The original offering price is $1,000 with an estimated initial value of $979 (not less than $929). The securities pay monthly contingent coupons at a rate set on pricing date, with a minimum contingent coupon rate of 16.50% per annum, are subject to automatic call if the lowest performing Underlier meets its call threshold on scheduled calculation days, and provide a downside threshold of 50% of starting value at maturity. Agent discount is $15.75 per security and proceeds to the issuer are $984.25 per security. Payments are unsecured obligations of Bank of Montreal and subject to issuer credit risk.
Bank of Montreal is offering principal-protected-style contingent notes linked to the S&P 500® Index under a preliminary pricing supplement, subject to completion. Each note has a $1,000 principal amount and a threshold level equal to 85.00% of the initial underlier level; if the final level is at or above that threshold you would receive a preset threshold settlement amount expected to be between $1,155.80 and $1,183.20 per $1,000. If the final level is below the threshold you lose approximately 1.1765% of principal for every 1% the final level is below the threshold, so you could lose some or all principal. The notes do not pay interest, are expected to mature roughly 25–28 months after the trade date, will not be listed on an exchange, have an estimated initial value of $969.00–$999.00 per $1,000, and are unsecured obligations subject to Bank of Montreal credit risk.
Bank of Montreal priced Senior Medium-Term Notes, Series K — redeemable fixed-rate notes with a $1,000 principal per note and a 4.50% annual interest rate. The Notes have an Issue Date of March 18, 2026 and a stated maturity of March 18, 2031.
The Notes pay interest semi‑annually on each March 18 and September 18, are redeemable in whole on semi‑annual Optional Redemption Dates beginning March 18, 2027, and will not be listed on any exchange. The original issue price is $1,000.00 per Note with an underwriting discount of $15.00, leaving proceeds to Bank of Montreal of $985.00 per Note. The Notes are bail-inable and subject to conversion under subsection 39.2(2.3) of the CDIC Act into common shares of Bank of Montreal or an affiliate.
Bank of Montreal is offering additional notes under Amendment No. 13 dated March 4, 2026, adding $500,080,000 aggregate principal amount of its Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs due June 28, 2041. After issuance, the tranche is expected to have $1,250,000,000 aggregate principal outstanding as of March 5, 2026.
Each note has a principal amount of $2,500 after reverse splits. The notes provide a daily-resetting -3x inverse exposure to the Solactive Oil & Gas Exploration & Production Index, carry a 0.95% per annum Daily Investor Fee, may be subject to negative Daily Interest (US Federal Funds Effective Rate minus an Interest Rate Spread up to 4.00%), and a 0.125% Redemption Fee Amount on elective redemptions. The notes are unsecured obligations of Bank of Montreal and are intended as short‑term, daily trading tools rather than buy‑and‑hold investments.
Bank of Montreal is offering Accelerated Return Notes linked to the Energy Select Sector SPDR Fund (ticker XLE) with a $10 principal per unit and an approximate 14‑month term maturing in May, 2027. The notes provide a leveraged upside with a Participation Rate of 300% up to a Capped Value in the range of $12.25 to $12.65 per unit (actual cap set on the pricing date). The initial estimated value is expected to be between $9.00 and $9.41 per unit; the public offering price is $10.00 per unit, less an underwriting discount of $0.175 and a hedging related charge of about $0.05 per unit. Payments at maturity depend on the Starting and Ending Values of the Underlying Fund; investors bear BMO credit risk and may lose some or all principal if the Ending Value is below the Starting Value.