BANK OF MONTREAL /CAN/ SEC Filings

Bank of Montreal is issuing US$2,760,000 of senior autocallable barrier notes due February 12, 2029, linked to the worst performer among Microsoft, Micron Technology and NVIDIA shares. The notes are unsecured obligations of BMO and are not insured by any deposit insurance scheme.

Investors may receive quarterly contingent coupons at 6.825% per quarter (about 27.30% per year) only if each stock closes at or above its coupon barrier level, set at 55% of its initial level, on the relevant observation dates. Missed coupons can be paid later under a “memory” feature if all stocks recover above their barriers.

Beginning May 7, 2026, the notes are automatically redeemed if all three stocks are at or above their initial levels, returning principal plus any due coupons. If the notes are not called and any stock ends below its 55% trigger level at maturity, investors receive shares (or cash equivalent) of the worst-performing stock, which can be worth significantly less than principal, including a total loss. Estimated initial value is $4,778.30 per $5,000 of principal, reflecting structuring and hedging costs, and the supplement highlights extensive structural, market and tax risks.

Bank of Montreal is offering senior fixed-rate medium-term notes due February 10, 2031 that pay 4.20% per year. Each note has a $1,000 principal amount, pays interest in cash semi-annually every February 24 and August 24, and returns principal at maturity unless redeemed earlier.

The bank may redeem the notes in whole, at par plus accrued interest, on specified semi-annual dates from February 24, 2027 through August 24, 2030. The notes are unsecured, not insured by any deposit insurance scheme, will not be listed on any exchange, and may have limited secondary market liquidity. They are also bail-inable under the Canada Deposit Insurance Corporation Act, meaning they can be converted into common shares or written down in a resolution scenario, exposing holders to bank credit and resolution risk.

Bank of Montreal is offering $12,000,000 of 5.10% senior medium-term Notes, Series K, due February 10, 2038. Each Note has a $1,000 principal amount and pays fixed interest semi-annually on February 10 and August 10, starting August 10, 2026.

The bank may redeem the Notes, in whole only, at 100% of principal plus accrued interest on any February 10 or August 10 from February 10, 2028 through August 10, 2037. The Notes are unsecured, not listed on any exchange, and subject to Canadian bail-in powers, meaning they can be converted into common shares or varied or extinguished under the CDIC Act in a resolution scenario.

Underwriting discounts total $129,000, providing $11,871,000 in proceeds to Bank of Montreal. Investors face interest rate risk, credit risk, limited liquidity, potential early redemption, dealer conflicts of interest, and the possibility of bail-in conversion, as outlined in the risk considerations.

Bank of Montreal is offering $4,145,000 of S&P 500® Index-linked notes that pay no interest and are designed to be held to the April 12, 2028 maturity date.

For each $1,000 note, investors get 160% upside participation in the index, capped at a maximum settlement amount of $1,260.00. A 15.00% buffer protects principal against moderate declines, but if the index falls more than 15.00%, repayment is reduced by about 1.1765% for every 1% drop beyond the buffer, and investors can lose some or all principal.

The notes are unsecured obligations of Bank of Montreal, are not bail-inable, will not be listed on any exchange, and carry tax and valuation complexities. The initial estimated value is $996.26 per $1,000, lower than the original issue price, reflecting structuring and hedging costs.

Bank of Montreal’s MicroSectors FANG+ -3X Inverse ETNs (FNGD) are highly complex, unsecured notes that provide three-times inverse daily exposure to the NYSE FANG+ gross total return index. They pay no interest and do not protect principal, so holders can lose their entire investment.

The ETNs reset leverage daily, creating strong path dependence and a “decay” effect that can erode value even if the index is flat or declines over time. A 1‑for‑10 reverse split became effective on February 9, 2026, with 1,500,000 notes expected outstanding, each with a principal amount of $1,000,000.

Bank of Montreal may call all notes at its option, and investors can request early redemption subject to a 25,000‑note minimum and a 0.125% redemption fee. A 0.95% annual investor fee and any negative daily interest further reduce returns, making the ETNs suitable only for sophisticated, actively trading investors.

Bank of Montreal provides updated terms for its Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040, linked to the S-Network MicroSectors Gold Miners Index. The notes offer daily -3x leveraged inverse exposure to ETFs GDX and GDXJ, but include a 0.95% annual Daily Investor Fee, variable Daily Interest and potential Redemption Fee.

Each note now has a $50,000 principal amount after multiple reverse splits, with 2,500,000 notes expected outstanding, representing $125,000,000,000 in aggregate principal. The product is designed only for sophisticated traders using short-term strategies, can decay rapidly over time, does not guarantee principal, and may go to zero, with all payments subject to Bank of Montreal’s credit risk.

Bank of Montreal is offering US$44,364,000 of Senior Medium-Term Notes, Series K, maturing January 26, 2029, whose return is linked to the common stock of General Dynamics Corporation. The notes pay quarterly interest of 0.25% (about 1.00% per year) on a $1,000 minimum denomination.

At maturity, holders receive either $1,000 in cash or, if the stock has risen enough, a share-based Alternative Redemption Amount equal to a Share Exchange Amount of 2.27743183 times the Final Level. Because of a 1.198 Conversion Premium Amount (a 19.80% premium), payments above $1,000 occur only if the Final Level exceeds the Initial Level of $366.5201 by more than 19.80%. The notes are unsecured obligations of Bank of Montreal, are not exchange-listed, are subject to dividend and Extraordinary Event adjustments, and had an estimated initial value of $988.20 per $1,000 on the pricing date, below the price to the public.

Bank of Montreal is offering US$1,001,000 of senior medium-term Capped Barrier Enhanced Return Notes due February 09, 2028, linked to the common stock of Salesforce, Inc. The notes provide 200.00% leveraged upside on any stock appreciation, capped at a Maximum Redemption Amount of $1,760.50 per $1,000 in principal (a 76.05% maximum return).

If Salesforce’s final stock level is below the Initial Level of $196.38 but at or above the Barrier Level of $157.10 (80.00% of the Initial Level), investors receive only their $1,000 principal. If the final level falls below the Barrier Level, repayment is reduced 1% for each 1% decline from the Initial Level, down to a possible total loss of principal.

The notes pay no interest, are unsecured obligations of Bank of Montreal, and will not be listed on any securities exchange. The estimated initial value is $983.54 per $1,000, reflecting offering, structuring, and hedging costs that make the public price higher than the bank’s internal valuation.

Bank of Montreal is issuing US$1,473,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes with memory coupons due February 09, 2029. The notes are linked to the least performing of the S&P 500 Index, NASDAQ-100 Index and Russell 2000 Index.

Investors may receive contingent semiannual coupons at 4.535% (about 9.07% per year) if on an observation date each index is at or above its coupon barrier, set at 75% of its initial level. Missed coupons can be paid later under a memory feature if barriers are later met.

Beginning August 05, 2026, the notes are automatically redeemed if all three indexes are above their initial levels, returning principal plus due coupons. If held to maturity without autocall, investors receive full principal only if no trigger event occurs. A trigger event happens if any index finishes below 75% of its initial level, in which case repayment is reduced in line with the loss on the worst-performing index and can be zero. The estimated initial value is $965.75 per $1,000 principal, below the issue price, reflecting fees and hedging costs.