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Bank of Montreal is issuing US$1,726,000 of Senior Medium‑Term Notes, Series K, autocallable barrier notes due February 4, 2030, linked to the NASDAQ‑100 Index®, Russell 2000® Index and Dow Jones Industrial Average®.
The notes can be automatically redeemed starting February 4, 2027 if each index is at or above its initial level, paying back principal plus a step‑up Call Amount that equates to approximately 12.30% per annum (from $123 to $492 per $1,000 over the observation schedule).
If the notes are not called, investors receive $1,000 per note at maturity unless any index finishes below its Trigger Level of 70% of its Initial Level, in which case repayment is reduced one‑for‑one with the loss of the worst‑performing index and can fall to zero. The estimated initial value is $973.23 per $1,000.
Bank of Montreal is issuing US$1,605,000 of Senior Medium-Term Notes, Series K, callable barrier notes due January 3, 2028, linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Technology Sector Index.
The notes pay a contingent coupon of 0.8083% per month (approximately 9.70% per year), but only if on an observation date each index is at or above its coupon barrier, set at 70% of its initial level. Bank of Montreal can call the notes in whole on any observation date beginning July 29, 2026, returning principal plus any due coupon.
If the notes are not called and any index finishes below its 70% trigger level at maturity, investors suffer a loss of principal in line with the decline of the worst index, potentially losing the entire investment. The estimated initial value is $975.12 per $1,000 principal, reflecting fees and hedging costs.
Bank of Montreal is issuing US$440,000 of Senior Medium‑Term Notes, Series K, in the form of autocallable barrier notes linked to the least performing of the S&P 500 Index and the Russell 2000 Index. The notes pay contingent monthly coupons of 0.6833% (about 8.20% per year) when both indexes stay at or above preset barrier levels.
The coupon barrier and principal protection trigger for each index are set at 75% of the initial level. Starting July 29, 2026, the notes are automatically redeemed if both indexes close at or above their initial levels, returning principal plus the applicable coupon. If not called and either index finishes below its trigger on the April 28, 2027 valuation date, repayment of principal is reduced one‑for‑one with the decline of the worst index and can fall to zero.
The price to the public is 100% of principal, with an agent’s commission of 0.75% (US$3,300) and proceeds to Bank of Montreal of 99.25% (US$436,700). The estimated initial value is US$978.66 per US$1,000, reflecting structuring and hedging costs, and the notes are unsecured obligations subject to the detailed risk factors and tax treatment described in the related offering documents.
Bank of Montreal is offering S&P 500® Index-linked notes that pay no interest and may be automatically called on February 8, 2027. If called, holders receive $1,000 plus an 8.16% call premium per note on the call payment date.
If not called and held to the stated maturity on February 2, 2028, returns depend on index performance. If the final index level is at or above the initial level of 6,969.01, the payoff is at least the 16.32% maturity premium, with 100% upside participation above that.
A 10% downside buffer protects principal if the index decline is within that range; below 90% of the initial level, holders lose about 1.1111% of principal for every additional 1% drop and could lose their entire investment. The notes are unsecured obligations of Bank of Montreal, not listed on an exchange, and the initial estimated value is $974.79 per $1,000, below the issue price.
Bank of Montreal is offering Accelerated Return Notes linked to the iShares U.S. Aerospace & Defense ETF, with a total public offering price of $18,818,610. These senior unsecured notes pay a leveraged upside of 300% of ETF gains, capped at a Redemption Amount of $11.821 per $10 unit (an 18.21% maximum return) at maturity on March 29, 2027.
If the ETF Ending Value is at or below the Starting Value of $232.78, principal is at risk and losses match the ETF’s decline, up to a total loss. The initial estimated value is $9.67 per unit, below the $10.00 price, reflecting an underwriting discount of $0.175 per unit and a hedging-related charge of $0.05 per unit. Returns exclude ETF dividends, and payments depend on BMO’s creditworthiness and the performance of a sector-concentrated aerospace and defense basket.
Bank of Montreal is issuing Accelerated Return Notes linked to the SPDR Gold Trust, with a $10 principal amount per unit and a total public offering price of $7,685,510.00. The notes mature on March 29, 2027 and are unsecured senior debt subject to BMO’s credit risk.
Holders receive 300% of any positive average return of GLD over the term, capped at a maximum payment of $12.835 per unit, a 28.35% gain. If the ending value equals the starting value of $495.90, investors receive only principal; if it is lower, principal is lost proportionally, up to total loss. The bank’s initial estimated value is $9.70 per unit, below the $10 offering price, reflecting an underwriting discount of $0.175 and a $0.05 hedging-related charge, as well as BMO’s internal funding rate and hedging costs. The notes pay no interest or dividends and do not convey ownership of GLD or gold.
Bank of Montreal is offering Accelerated Return Notes linked to the Russell 2000 Index, with a total public offering of $44,612,070 at $10 per unit. These senior unsecured notes mature on March 29, 2027 and expose holders to BMO’s credit risk.
The notes provide a 300% leveraged upside on any index gain, capped at a maximum redemption of $11.9905 per unit, a 19.905% return over principal. If the index finishes below its starting level of 2,654.776, investors lose principal, potentially all of it.
The initial estimated value is $9.76 per unit, below the offering price, reflecting BMO’s internal funding rate, underwriting discount of $0.175 per unit, and an additional $0.05 per unit hedging-related charge. The notes are not listed on any exchange and are tied to the small-cap focused Russell 2000 Index.
Bank of Montreal is offering Capped Notes with an Absolute Return Buffer linked to the Russell 2000® Index, with a total public offering of $40,363,220 at $10 per unit. The notes mature on March 29, 2027, roughly 14 months from issuance.
Investors receive a 1‑to‑1 index return, up to a maximum of $11.20 per unit (a 12% gain). If the index falls but stays at or above 89.45% of the starting level, they earn a positive return equal to the absolute decline. Below that threshold, principal losses apply. The notes pay no interest or dividends and are subject to BMO’s credit risk, an initial estimated value of $9.73 per unit, fees and hedging charges.
Bank of Montreal is offering Accelerated Return Notes linked to a basket of three large U.S. financial stocks. The notes are 14‑month senior unsecured debt tied to an equally weighted basket of Goldman Sachs, JPMorgan Chase and Morgan Stanley, with a $10 principal amount per unit.
The notes offer a 300% participation rate in any positive basket return, but gains are capped at a Redemption Amount of $12.48 per unit, representing a maximum 24.80% return at maturity. If the basket ends at or below its 100.00 Starting Value, principal is at risk and losses match the basket’s decline, down to a total loss.
The public offering price is $10.00 per unit, including a $0.175 underwriting discount and a $0.05 per unit hedging‑related charge, while BMO’s initial estimated value is $9.65 per unit. Payments depend entirely on basket performance and BMO’s credit, and the notes pay no dividends or periodic interest.
Bank of Montreal is offering senior unsecured Market Linked Securities tied to the worst-performing of the SPDR® Gold Trust (GLD) and iShares® Silver Trust (SLV). Each security has a $1,000 face amount and an estimated initial value of $950.20, which will not be less than $900.00 at pricing.
The notes are auto-callable on March 4, 2027 if the lowest-performing ETF is at or above its starting value, paying back principal plus at least a 44% call premium. If not called, they mature March 2, 2029 with 200% upside participation in the lowest performer, contingent principal protection down to 60% of its start, and full downside exposure below that level. The securities pay no interest and carry the credit risk of Bank of Montreal.