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Bank of Montreal is issuing $3,052,000 of Senior Medium-Term Notes, Series K, due January 11, 2028. These are callable barrier notes with contingent monthly coupons linked to the least-performing of VanEck Junior Gold Miners ETF (GDXJ), SPDR S&P Regional Banking ETF (KRE) and the Nasdaq-100 Technology Sector Index (NDXT).
The notes pay a contingent coupon of 1.6792% per month (approximately 20.15% per annum) when each reference asset stays at or above its coupon barrier, set at 70% of its initial level. Principal is protected at maturity only if no trigger event occurs; the trigger levels are 60% of initial levels. If any reference asset finishes below its trigger level, repayment of principal is reduced one-for-one with the loss on the worst performer and can fall to zero.
Bank of Montreal may call the notes in whole, but not in part, on monthly observation dates starting May 6, 2027, returning principal plus any coupon due. The estimated initial value is $978.13 per $1,000 of principal, reflecting hedging costs, commissions and the issuer’s funding spread. The notes are unsecured obligations, not insured deposits, and involve complex market, credit and structural risks highlighted in the risk sections.
Bank of Montreal is offering US$833,000 of senior medium-term callable barrier notes due August 11, 2027, linked to the least-performing of the S&P 500, Russell 2000 and Nasdaq-100 Technology Sector indices.
The notes pay a contingent coupon of 0.7417% per month (approximately 8.90% per year), or $7.417 per $1,000, but only if on each observation date all three indices close at or above their coupon barrier levels, set at 70% of their initial levels.
Beginning May 6, 2026, the issuer may call the notes in whole on any observation date, returning principal plus any due coupon. If the notes are not called and any index finishes below its 70% trigger level on the valuation date, repayment of principal is reduced in line with the worst-performing index and can fall to zero. The notes are unsecured obligations, carry complex U.S. tax treatment as pre-paid contingent income-bearing derivative contracts, and have an estimated initial value of $968.24 per $1,000, below the public offering price.
Bank of Montreal is issuing US$2,006,000 of Senior Medium-Term Notes, Series K, as autocallable buffer notes linked to SPDR® Gold Trust (GLD) and iShares® Silver Trust (SLV), due February 11, 2030. The notes are unsecured obligations of Bank of Montreal.
The notes can be automatically redeemed starting February 11, 2027 if the closing level of each ETF is at or above 90% of its initial level, paying principal plus a step-up Call Amount that equates to a 15.00% per annum return. If never called, payment at maturity depends on the worst ETF.
Investors receive full principal at maturity only if the least-performing ETF does not fall more than 30.00% from its initial level. Below this 30.00% buffer, redemption is reduced dollar-for-dollar, with potential loss of up to 70.00% of principal. The public issue price is 100% of principal, while the estimated initial value is $934.94 per $1,000, reflecting structuring and hedging costs. No physical delivery of GLD or SLV shares is available; all payments are in cash.
Bank of Montreal is offering US$1,501,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes due February 11, 2028, linked to Honeywell stock and the Industrial Select Sector SPDR ETF. The notes pay a monthly coupon of 0.655% (about 7.86% per year) and can be automatically redeemed starting February 8, 2027 if each reference asset is at or above its initial level. If not called, investors receive full principal at maturity unless either asset finishes below a 65% trigger level, in which case repayment is reduced in line with the worst performer and can fall to zero. The estimated initial value is $983.77 per $1,000, reflecting structuring and hedging costs, and the notes are unsecured obligations of Bank of Montreal.
Bank of Montreal is offering US$3,985,000 of Senior Medium-Term Notes, Series K, in the form of autocallable barrier notes linked to the State Street SPDR S&P Regional Banking ETF (ticker "KRE"). The notes pay a contingent coupon of 2.25% per quarter (about 9.00% per year) when the ETF closes at or above the coupon barrier of $51.54, which is 70.00% of the initial level of $73.63.
Beginning May 07, 2026, the notes are automatically redeemed if KRE closes above the initial level on an observation date, returning principal plus the applicable coupon. If the notes are not called and KRE finishes below the $51.54 trigger level on the February 07, 2029 valuation date, investors lose principal in line with the ETF’s decline, and the maturity payment can be zero. The notes are unsecured obligations of Bank of Montreal, not insured deposits, and the estimated initial value is $968.90 per $1,000 in principal amount.
Bank of Montreal is issuing $1,251,000 of Senior Medium-Term Notes, Series K, barrier notes due June 12, 2028, linked to the least performing of Alphabet Inc. Class C shares (GOOG) and the S&P 500 Index (SPX). The notes pay a fixed coupon of 0.705% per month (about 8.46% per year, or $7.05 per $1,000) on the 12th of each month from March 12, 2026 to maturity.
At maturity, investors receive $1,000 per $1,000 in principal unless a trigger event occurs. A trigger event happens if, on the valuation date, the final level of either reference asset is below 55% of its initial level (GOOG trigger $182.23, SPX trigger 3,739.12). If triggered, repayment is reduced in proportion to the loss of the worst-performing asset and can fall to zero, although the final coupon is still paid. The notes are unsecured obligations of Bank of Montreal, not insured by any deposit insurance agency. The estimated initial value is $985.68 per $1,000 of principal, reflecting structuring and hedging costs.
Bank of Montreal is issuing US$2,843,000 of senior medium-term Autocallable Barrier Notes due February 12, 2029, linked to the common stock of The Goldman Sachs Group, Inc. The notes are unsecured obligations with no deposit insurance protection.
Investors can receive contingent coupons at a rate of 2.75% per quarter (about 11.00% per year) if Goldman Sachs’ share price on each observation date is at or above a coupon barrier of $650.13, which is 70.00% of the $928.75 initial level. Beginning May 7, 2026, the notes are automatically redeemed if the stock closes above the initial level, returning principal plus the applicable coupon.
If the notes are not called and Goldman Sachs’ final level is below the $650.13 trigger level, principal is reduced in line with the stock’s percentage loss and can fall to zero. The price to the public is 100% of principal, with a 2.00% selling commission and proceeds to Bank of Montreal of 98.00%. The estimated initial value is $971.04 per $1,000, reflecting structuring and hedging costs.
Bank of Montreal is offering senior medium-term, auto-callable, principal-at-risk securities linked to the U.S. Global Jets ETF, with a $1,000 face amount per security and no periodic interest.
The notes can be automatically called on scheduled dates from March 2027 to February 2029 if the ETF’s closing value is at or above a threshold equal to 85% of the starting value. In that case, investors receive $1,000 plus a call premium of at least 7.13% to at least 21.39%, depending on the call date.
If the notes are never called and the ending value is below the threshold, the maturity payment equals $1,000 × (performance factor + 15% buffer), exposing investors to 1‑for‑1 downside beyond a 15% buffer and potential loss of up to 85% of principal. The estimated initial value is $964.60 per security on the preliminary date and will not be less than $914.00 at pricing, below the $1,000 offering price due to structuring, hedging costs and dealer compensation. The notes are unsecured obligations subject to Bank of Montreal’s credit risk, will not be listed on any exchange, and may have limited or no secondary market liquidity.
Bank of Montreal is offering senior unsecured medium-term notes that pay a fixed 5.05% annual interest rate in cash, with interest paid semi-annually each February 24 and August 24, starting August 24, 2026. Each Note has a $1,000 principal amount and is scheduled to mature on February 24, 2038, when holders are paid principal plus any accrued interest, unless the Notes are redeemed earlier.
The bank may redeem the Notes in whole at 100% of principal plus accrued interest on any February 24 or August 24 from 2028 through 2037. The Notes are not listed on any securities exchange, so liquidity may be limited. They are designated as bail-inable notes, meaning they can be converted into common shares of Bank of Montreal or its affiliates, or varied or extinguished, under Canadian bank resolution powers. The offering price is $1,000 per Note, including a $20 underwriting discount, resulting in $980 in proceeds to Bank of Montreal per Note sold. The Notes are not insured by any deposit insurance agency and are fully subject to the credit risk of Bank of Montreal.
Bank of Montreal is offering US$511,000 of senior medium-term Callable Barrier Notes due February 10, 2028, linked to the least performing of the S&P 500 Index, NASDAQ-100 Index and Russell 2000 Index. These unsecured notes pay a monthly contingent coupon of 0.8917% (about 10.70% per year) only if all three indices stay at or above 70% of their initial levels on each observation date.
Beginning August 5, 2026, the bank may redeem the notes in whole on any observation date, returning principal plus any due coupon. If the notes are not called and any index finishes below its 70% trigger level at maturity, repayment of principal is reduced in line with the worst index’s loss and can fall to zero. The estimated initial value is $985.13 per $1,000 principal, reflecting dealer compensation and hedging costs.