Welcome to our dedicated page for MicroSectors™ Solactive FANG & Innovation -3X Inverse Leveraged ETNs SEC filings (Ticker: BERZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on MicroSectors™ Solactive FANG & Innovation -3X Inverse Leveraged ETNs's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into MicroSectors™ Solactive FANG & Innovation -3X Inverse Leveraged ETNs's regulatory disclosures and financial reporting.
Bank of Montreal is offering senior Medium-Term Notes, Series K, which are bail-inable, fixed-rate debt maturing on February 25, 2036. Each Note has a $1,000 principal amount and pays 5.00% per annum, with annual interest payments each February 25 starting in 2027.
The Notes may be redeemed by Bank of Montreal, in whole but not in part, at 100% of principal plus accrued interest on quarterly call dates beginning August 25, 2027. The original issue price is $1,000 per Note, including a $30 underwriting discount, resulting in $970 in proceeds to Bank of Montreal per Note. The Notes are unsecured, not insured by any deposit insurer, will not be listed on any exchange, and are subject to Canadian bail-in powers, meaning they can be converted into common shares or varied or extinguished under the CDIC Act.
Bank of Montreal is offering Capped Leveraged Index Return Notes linked to the Russell 2000 Index, with a $10 principal amount per unit and a term to February 2028. These unsecured senior notes provide 200% leveraged upside to index gains, subject to a capped value between $11.975 and $12.375 per unit.
Investors are protected down to 90% of the Starting Value; below this Threshold Value, principal losses match index declines and can reach 90%. The initial estimated value is expected between $9.10 and $9.52 per unit, below the $10 public price, reflecting a $0.20 underwriting discount and a $0.05 hedging-related charge.
The notes are not principal-protected, are subject to BMO’s credit risk, will not be listed on any exchange, and are tied to the small-cap Russell 2000, which can be more volatile and less liquid than large-cap indices.
Bank of Montreal is offering principal-at-risk notes linked to the S&P 500® Index that pay no interest and are designed to be held to maturity. The notes run for an expected 26 to 29 months, with payment at maturity based on index performance.
If the index gains, investors receive 160% of the index return, capped at a maximum settlement amount expected between $1,215.84 and $1,253.92 per $1,000 note. If the index falls by up to 15.00%, investors receive their principal back. Below that 85.00% buffer level, principal is reduced at roughly 1.1765% for every 1% additional decline, and investors could lose all principal.
The notes are unsecured obligations of Bank of Montreal, are not insured by any government agency, and will not be listed on any exchange. The estimated initial value is expected between $969.00 and $999.00 per $1,000 note, reflecting structuring and hedging costs and potential dealer profits.
Bank of Montreal is offering unsecured, S&P 500® Index-linked notes that pay no interest and are designed to be held to maturity. Your payoff depends on the index level on a future determination date roughly 27–30 months after pricing.
If the final index level is at or above 85% of its initial level, you receive a fixed threshold settlement amount, expected to be $1,158.50–$1,186.40 per $1,000 note. If it falls below 85%, you lose about 1.1765% of principal for every 1% decline below that level, up to a total loss.
The notes will not be listed on any exchange, their estimated initial value is expected between $969.00 and $999.00 per $1,000, and all payments are subject to Bank of Montreal’s credit risk. The tax treatment is complex and may change, and the notes are not insured or bail-inable.
Bank of Montreal is offering S&P 500® Index-linked, unsecured notes that do not pay interest and are designed to be held to maturity. Each note has a $1,000 principal amount and offers 160% upside participation in index gains, subject to a maximum settlement amount expected between $1,131.84 and $1,155.04 per note.
The structure includes a 10% buffer: if the index falls by up to 10%, investors receive full principal back; below that level, they lose about 1.1111% of principal for every 1% drop beyond the 10% buffer, with the potential for total loss. The notes will not be listed on any exchange, have an estimated initial value between $969 and $999 per $1,000 principal, and all payments depend on Bank of Montreal’s creditworthiness.
Bank of Montreal is offering an additional $5,002,250 principal amount of its Travel -3X Inverse Leveraged ETNs due May 29, 2042, increasing total outstanding notes to $50,000,000 across 200,000 notes at $250 principal each. These exchange-traded notes, listed on the NYSE under ticker FLYD, provide three-times inverse daily exposure to the MerQube U.S. Travel Index, less a 0.95% per annum Daily Investor Fee, any negative Daily Interest, and, on holder redemptions, a 0.125% Redemption Fee Amount.
The product is explicitly positioned as a short-term daily trading tool, not a buy-and-hold investment, and is highly sensitive to daily index moves, path dependency and volatility “decay,” which can cause large losses even if the index falls over time. The notes pay no interest, are unsecured senior debt of Bank of Montreal, and any payment depends on the bank’s credit. If the Indicative Note Value ever reaches zero intraday or at close, it remains zero for the life of the notes, resulting in a total loss.
Bank of Montreal is offering an additional $75,004,250 in FANG & Innovation -3X Inverse Leveraged ETNs (BERZ), increasing the total outstanding principal of this tranche to $1.75 billion, or 7,000,000 notes expected to be outstanding as of February 4, 2026.
The notes provide three-times daily inverse exposure to the Solactive FANG Innovation Index, a total return index of 15 large-cap U.S. technology stocks including Alphabet, Amazon, Apple, Meta, Microsoft, Netflix, NVIDIA and Tesla. Performance is reset daily and designed only for short-term, sophisticated trading use.
Each note has a principal amount of $250 (after a prior reverse split), bears no interest, and matures June 28, 2041, subject to issuer call and holder redemption features. Returns are reduced by a 0.95% annual Daily Investor Fee, potential negative Daily Interest, and a 0.125% redemption fee, and investors may lose some or all of their principal. The notes are unsecured, unsubordinated obligations of Bank of Montreal and are listed on NYSE Arca under ticker BERZ.
Bank of Montreal is offering unsecured structured notes linked to the price performance of the iShares 20+ Year Treasury Bond ETF (TLT). The notes have a $1,000 principal amount, pay no interest, and are designed to be held to the stated maturity date of February 12, 2027.
If the ETF’s final level is at least 90% of the initial level of $86.55, holders receive a fixed threshold settlement amount of $1,059.20 per note. Below that threshold, principal is reduced by about 1.1111% for every 1% decline beyond the 10% buffer, which can lead to a full loss of principal. The notes’ estimated initial value is $988.50 per $1,000, they are not insured, will not be listed on any exchange, and all payments depend on the credit of Bank of Montreal.
Bank of Montreal is offering US$500,000 of senior market-linked notes tied to the Russell 2000® Index, maturing on February 5, 2029. These unsecured notes pay no interest and return principal at maturity even if the index falls.
If the index rises, investors receive 1-to-1 upside, capped at a 23.55% Maximum Return, for a maximum redemption of $1,235.50 per $1,000. The price to the public is 100% of principal, with a 0.25% selling commission and an estimated initial value of $981.50 per $1,000, reflecting structuring and hedging costs. Key risks include Bank of Montreal credit risk, lack of liquidity, capped upside, potential secondary-market discounts and complex U.S. tax treatment as a contingent payment debt instrument.
Bank of Montreal is issuing US$518,000 of Senior Medium-Term Notes, Series K, market-linked notes due August 5, 2030, tied to the S&P 500® Index. The notes offer 1-to-1 upside exposure to index gains, capped at a Maximum Redemption Amount of $1,380 per $1,000 principal, a 38% maximum return.
If the index ends at or below its initial level, investors receive only the $1,000 principal per note, with no loss of principal but also no interest. The notes are unsecured obligations of Bank of Montreal, subject to its credit risk, and had an estimated initial value of $986.33 per $1,000 on the pricing date.