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Bank of Montreal is issuing US$8,132,000 of senior medium-term Series K callable barrier notes due February 5, 2029, linked to the least performing of the S&P 500 Index, NASDAQ-100 Index and Russell 2000 Index.
The notes pay a semiannual contingent coupon of 3.65% (about 7.30% per year) only if on each observation date all three indices are at or above 60% of their initial levels. If the bank calls the notes on or after July 31, 2026, investors receive principal plus any due coupon.
If the notes are not called and any index closes below its 60% trigger level on the valuation date, repayment of principal is reduced in line with the loss of the worst index and can fall to zero. The estimated initial value is $967.88 per $1,000, and the notes are unsecured obligations subject to the detailed risk factors referenced.
Bank of Montreal is issuing US$925,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes with contingent coupons due February 5, 2029. The notes are linked to the least-performing of the S&P 500 Index, NASDAQ-100 Index and Russell 2000 Index.
Investors can receive a 2.15% quarterly contingent coupon (about 8.60% annually) if on each observation date all three indices are at or above their coupon barrier levels, set at 70% of their initial levels. Starting July 31, 2026, the notes are automatically redeemed if each index is at or above its initial level, returning principal plus the coupon.
If the notes are not called and any index finishes below its trigger level (also 70% of its initial level) on the valuation date, principal is reduced in line with the loss of the worst-performing index, and repayment may be zero. The estimated initial value is $970.13 per $1,000 of principal, below face value, reflecting fees and hedging costs.
Bank of Montreal is issuing $1,777,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes with contingent coupons due February 1, 2029, linked to the Class A common stock of Block, Inc.
The notes pay a contingent coupon of 5.25% per quarter (about 21% per year) if on an observation date Block’s share price is at or above the coupon barrier of $42.30, which is 70% of the $60.43 initial level. Beginning April 28, 2026, the notes are automatically redeemed if the stock closes above the initial level, returning principal plus that period’s coupon. If held to maturity without being called, investors receive full principal only if the final stock level is at or above the $42.30 trigger level; if it is lower, repayment is reduced in line with the stock’s loss and can fall to zero. The estimated initial value is $957.82 per $1,000 principal amount on the pricing date.
Bank of Montreal is issuing US$699,000 of Senior Medium-Term Notes, Series K, barrier notes with contingent coupons due February 5, 2029, linked to the least performing of the Russell 2000® Index and the S&P 500® Index.
The notes pay a 3.675% semiannual contingent coupon (about 7.35% per year), but only if on each observation date both indexes are at or above their coupon barrier levels, set at 75% of their initial levels. Otherwise, no coupon is paid for that period.
At maturity, investors receive the full $1,000 principal per note only if no trigger event occurs. A trigger event occurs if the final level of either index is below its 75% trigger level on the valuation date. In that case, repayment is reduced in line with the loss of the worst-performing index and can fall to zero.
The price to the public is 100% of principal, with a 2.50% agent’s commission. The estimated initial value is $951.20 per $1,000, reflecting fees and the bank’s internal funding and hedging assumptions.
Bank of Montreal is offering US$1,657,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes with contingent coupons due February 4, 2028, linked to the common stock of Devon Energy Corporation.
The notes pay a contingent coupon of 2.8375% per quarter (about 11.35% per year) when Devon’s share price is at or above the coupon barrier of $24.13, which is 60% of the $40.21 initial level. Beginning April 29, 2026, the notes are automatically redeemed if Devon’s stock closes above the initial level on an observation date, returning principal plus the applicable coupon.
If the notes are not called and Devon’s final level is below the $24.13 trigger level, investors receive shares (or cash) worth less than the principal, potentially zero. The estimated initial value is $972.38 per $1,000, with a 1.75% agent’s commission and 98.25% of proceeds to Bank of Montreal.
Bank of Montreal is offering US$665,000 of senior Medium-Term Notes, Series K, maturing on August 4, 2027, that are linked to the SPDR S&P 500 ETF Trust (SPY). The notes provide 200% leveraged upside on any gain in SPY, but the total payment is capped at a Maximum Redemption Amount of $1,120.50 per $1,000 of principal, a 12.05% maximum return.
The notes feature a 10% downside buffer: if SPY’s final level is between 90% and 100% of its initial level of $691.97, investors receive principal back. If SPY falls more than 10%, investors lose 1% of principal for each 1% additional decline, with losses up to 90% possible.
The notes pay no interest, are unsecured obligations of Bank of Montreal, and will not be listed on any exchange. The agent’s commission is 2.25%, and the estimated initial value is $970.86 per $1,000, reflecting structuring and hedging costs as well as Bank of Montreal’s internal funding rate.
Bank of Montreal is offering US$533,000 of Senior Medium-Term Notes, Series K, Capped Buffer Notes due February 5, 2029, linked to the iShares MSCI EAFE ETF. These unsecured notes provide 1-to-1 exposure to any positive ETF performance, capped at a 100% maximum return ($2,000 per $1,000).
The notes include a 20% downside buffer; below that, investors lose 1% of principal for each additional 1% ETF decline, up to an 80% loss. The notes pay no interest, are not exchange-listed, and carry Bank of Montreal credit risk. The estimated initial value is $981.01 per $1,000.
Bank of Montreal is offering US$502,000 of senior medium-term Capped Buffer Notes due February 5, 2029, linked to the Russell 2000® Index. The notes give 1-to-1 upside exposure to index gains, but returns are capped at a Maximum Redemption Amount of $1,473 per $1,000, a 47.30% maximum gain.
The notes protect principal against index losses up to a 20.00% decline; if the index falls more than 20.00%, holders lose 1% of principal for each additional 1% drop, up to an 80.00% loss. The notes pay no interest, are not listed on any exchange, and all payments depend on Bank of Montreal’s credit. The initial estimated value is $979.84 per $1,000, below the public offering price, reflecting offering, structuring, and hedging costs.
Bank of Montreal is offering Accelerated Return Notes linked to the EURO STOXX 50® Index, maturing in April 2027. Each note has a $10 principal amount and offers a 300% participation rate in any positive index return, but gains are capped at a Capped Value between $11.60 and $12.00 per unit.
If the index level at maturity is below its starting level, investors lose principal in line with the index decline, up to a total loss. The notes are unsecured senior debt subject to BMO’s credit risk, are not insured or exchange-listed, and have an initial estimated value of $9.10 to $9.59 per unit, below the $10 public offering price due to dealer discounts and hedging-related charges.
Bank of Montreal is offering senior medium-term, equity index-linked notes tied to the worst performer of the Nasdaq-100, S&P 500 and EURO STOXX 50, maturing on February 2, 2029. Each security has a $1,000 face amount, with total original offering proceeds of $1,388,630.75 before issuer costs.
The notes provide 150% leveraged upside participation, but gains are capped at a 43% maximum return, or $1,430 per security. A 24% downside buffer applies, but investors can still lose up to 76% of principal if the lowest-performing index finishes below 76% of its starting level.
The estimated initial value is $959.04 per security, below the $1,000 issue price, reflecting structuring and hedging costs. The notes pay no interest, are unsecured obligations of Bank of Montreal, are not FDIC- or CDIC-insured, and are not listed on any exchange, so liquidity may be limited.