Every 424B that Bank of Montreal (BMO) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow BMO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BMO filings page.
Bank of Montreal priced US$560,000 Senior Medium‑Term Notes, Series K. The pricing supplement sets a Digital Return of 20.50% and links maturity payoff to the Least Performing Reference Asset among the S&P 500®, NASDAQ‑100® and Russell 2000®. The notes pay $1,000 + $1,000 × 20.50% at maturity if the Least Performing Reference Asset’s Final Level is at or above its Digital Barrier Level (70.00% of the Initial Level). If the Least Performing Reference Asset falls below the Barrier, investors lose 1% of principal for each 1% decline; losses can reach 100%. Pricing Date is May 29, 2026, Settlement Date June 03, 2026, Valuation Date April 28, 2028, and Maturity Date May 03, 2028. All payments are subject to Bank of Montreal credit risk and the notes will not be listed on any exchange.
Bank of Montreal priced US$1,826,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes due June 04, 2029, linked to the least performing of the Dow Jones Industrial Average, NASDAQ-100 and Russell 2000. The notes offer a 175.00% upside leverage factor and a single automatic early redemption observation on June 04, 2027, which, if met for all three reference assets, pays a Call Amount of $203 per $1,000 (≈20.30% per annum). If not autocalled, maturity payoff depends solely on the Least Performing Reference Asset: full participation above initial levels (multiplied by the 175.00% factor), principal protected only if the Least Performing Reference Asset stays above the 70.00% Barrier, and a linear loss of principal beyond that barrier (1% loss per 1% decline). The notes do not pay interest, are unsecured obligations of Bank of Montreal, and are subject to issuer credit risk and limited liquidity.
Bank of Montreal priced US$2,042,000 of Senior Medium‑Term Notes, Series K — Digital Return Barrier Notes due September 03, 2027. The notes offer a Digital Return of 11.30% if the least performing of the S&P 500® and Russell 2000® is at or above 75.00% of its May 29, 2026 level at the valuation date. If the Least Performing Reference Asset falls below the 75.00% barrier, investors suffer a linear principal loss equal to the percentage decline versus the Initial Level and may lose up to 100% of principal at maturity. The notes pay no interest, are unsecured obligations of Bank of Montreal, will not be listed, and are subject to the issuer’s credit risk. The public offering price was 100% per note and the issuer’s estimated initial value was $976.89 per $1,000.
Bank of Montreal prices US$149,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes due June 04, 2029.
The notes offer 200.00% upside leverage to the least performing of INDU, RTY and SPX, feature automatic redemption beginning June 04, 2027 with Call Amounts paying approximately $120 and $240 per $1,000 on scheduled Observation Dates, and carry a 70.00% Barrier (losses of 1% per 1% decline below the Barrier). The notes do not pay interest, are unsecured obligations of the Bank of Montreal, and are subject to the issuer’s credit risk; estimated initial value was $947.49 per $1,000 on the Pricing Date.
Bank of Montreal is offering $2,670,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes linked to the S&P 500® Index. The notes pay no interest, carry 125.00% upside leverage on positive index performance if not called, and are callable on June 04, 2027 for a $90 Call Amount per $1,000 (approximately 9.00% per annum). If not called, maturity is June 04, 2029; principal repayment at maturity depends on the Final Level relative to the Initial Level of 7,580.06 with a Barrier Level at 5,306.04 (70.00%). All payments are subject to the issuer’s credit risk; the notes are unsecured, unlisted, and have an estimated initial value of $971.77 per $1,000.
Bank of Montreal is offering US$2,537,000 in Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes due December 03, 2027. The notes link to the S&P 500® Index and provide 150.00% upside leverage subject to a Maximum Redemption Amount of $1,130.00 per $1,000 principal. Investors receive principal protection only if the index decline does not exceed the Buffer Percentage of 20.00%; below the Buffer Level investors lose 1% of principal for each 1% decline beyond 20.00%, up to an 80.00% loss. The public offering price is 100% of principal; Bank of Montreals estimated initial value was $984.27 per $1,000. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk.
Bank of Montreal priced US$765,000 of Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes due June 04, 2029. The notes reference the least performing of the S&P 500® and NASDAQ-100®, offer a 200.00% upside leverage with a 15.00% downside buffer and a $1,370.00 maximum redemption per $1,000 principal. Pricing date was May 29, 2026 and settlement is June 03, 2026. Payments depend solely on the Least Performing Reference Asset and are subject to Bank of Montreal credit risk and a capped maximum return.
Bank of Montreal priced a US$4,048,000 offering of Senior Medium-Term Notes, Series K — Barrier Enhanced Return Notes due June 03, 2031.
Each note (minimum denomination $1,000) returns 200.00% upside exposure to changes in the S&P 500® Futures Excess Return Index if the Final Level is at or above the Initial Level of 609.62. If the Reference Asset falls below the Barrier Level of 304.81 (50.00% of Initial Level), investors suffer a one-for-one loss in principal and may lose up to 100% of principal. The notes pay no interest, are unsecured obligations of the Bank of Montreal, and all payments are subject to the issuer’s credit risk.
Bank of Montreal priced callable, S&P 500®-linked equity-linked notes with a total original issue price of $4,010,000. Each note has a $1,000 principal amount, no interest, an automatic call feature on June 7, 2027 and a stated maturity of June 1, 2028.
If the notes are automatically called, holders receive principal plus a 11.05% call premium on the call payment date. If not called, final payout depends on S&P 500 performance: a 150% upside participation rate for gains and full downside exposure (lose 1% of principal per 1% index decline).
Bank of Montreal priced Series K equity-linked securities: auto-callable, contingent-coupon notes linked to the lowest performing of Blackstone Inc. (BX) and NVIDIA Corporation (NVDA). The pricing date was May 29, 2026 and the issue date is June 3, 2026. The face amount and original offering price are $1,000 per security; the issuer's estimated initial value was $956.84 per security. The securities pay a 20.00% per annum contingent coupon monthly if the lowest performing Underlier equals or exceeds its coupon threshold (70% of its starting value). If a calculation day shows the lowest performing Underlier at or above its starting value, the notes are automatically called and investors receive principal plus a final contingent coupon. At maturity (stated maturity: June 1, 2029), if not called, holders receive $1,000 if the lowest performing Underlier's ending value is at or above its downside threshold (70% of starting value); otherwise holders receive shares of the lowest performing Underlier (share delivery amounts shown as 8.54920 BX or 4.73619 NVDA based on starting values and an adjustment factor of 1.0). The agent discount is $23.25 per security and proceeds to BMO per security are shown as $976.75. The securities are unsecured obligations of Bank of Montreal and carry credit risk of BMO; principal may be lost and tax treatment is described as uncertain.
Bank of Montreal (BMO) is offering Senior Medium‑Term Notes, Series K — redeemable fixed‑rate notes due June 15, 2029. The Notes pay 4.50% per annum semi‑annually, are issued at $1,000 per Note with an underwriting discount of $10.00 (proceeds to BMO $990.00 per Note), have an Issue Date of June 15, 2026 and a Trade Date of June 11, 2026.
The Notes are callable by BMO in whole (but not in part) on semi‑annual Optional Redemption Dates beginning June 15, 2027, at 100% of principal plus accrued interest. The Notes are bail‑inable under the Canada Deposit Insurance Corporation Act and may be converted into common shares under Canadian bank resolution powers. The Notes will not be listed on any exchange.
Bank of Montreal is offering principal-protected-notes‑style, equity‑linked notes tied to the S&P 500® with a trade date of May 29, 2026 and a stated maturity date of August 18, 2027 (subject to postponement). Each note has a $1,000 principal amount and the offering totals $5,137,000.
Payment at maturity depends on the S&P 500 final level versus a threshold of 90.00% of the initial index level (initial level 7,580.06, threshold level 6,822.054). If the final level is at or above the threshold you receive the threshold settlement amount of $1,116.70 per $1,000 note; if below the threshold you lose approximately 1.1111% of principal for each 1% decline below the threshold and could lose some or all principal. The notes pay no interest, are unsecured obligations of Bank of Montreal, are not listed, and carry credit and tax uncertainties.
Bank of Montreal is offering Market Linked Securities—auto-callable, contingent coupon notes due June 1, 2029 linked to the lowest performing share of DexCom (DXCM), NIKE (NKE) and ServiceNow (NOW). The original offering price is $1,000 per security and the issuer’s estimated initial value was $930.78 per security on the pricing date. These unsecured notes pay a high contingent coupon of 27.50% per annum (monthly, with a memory feature) if the lowest performing Underlier on a calculation day is at or above its coupon threshold (60% of its starting value). If an automatic call occurs on a calculation day where the lowest performing Underlier is at or above its starting value, holders receive the face amount plus accrued contingent coupons. If not called, at maturity the holder receives $1,000 or a reduced principal equal to $1,000×performance factor of the lowest performing Underlier; a decline below the downside threshold (60% of starting value) can produce losses exceeding 40%.
Bank of Montreal is offering Market Linked Securities—leveraged upside participation and contingent downside principal-at-risk securities linked to the EURO STOXX 50® Index due December 4, 2029. Each security has a face amount of $1,000 and an estimated initial value of $958.11 on the pricing date.
The payout at maturity depends on the ending value relative to the starting value of 6,050.54: investors receive upside equal to the underlier return times a 155.00% upside participation rate if the ending value is above the starting value; they receive the face amount if the ending value is down but no more than 25%; and they suffer full downside exposure if the ending value falls below the threshold value of 4,537.905 (75% of the starting value). The securities pay no interest, are unsecured obligations of Bank of Montreal, and involve credit, tax and market‑disruption risks described in the supplement.
Bank of Montreal is pricing Senior Medium-Term Notes, Series K: U.S. dollar fixed-rate notes with a 5.00% coupon, June 16, 2031 stated maturity and $1,000 principal per Note. Interest is payable semi-annually on the 16th of June and December, beginning December 16, 2026.
The Notes are redeemable at the issuer's option in whole (but not in part) on semi-annual Optional Redemption Dates from June 16, 2027 through December 16, 2030 at 100% of principal plus accrued interest. The original issue price is $1,000.00 per Note, with an underwriting discount of $15.00 and proceeds to Bank of Montreal of $985.00 per Note. The Notes are unsecured, not listed, and are bail-inable under the Canadian Deposit Insurance Corporation Act (CDIC Act), permitting conversion into common shares under specified Canadian bank-resolution powers.
Bank of Montreal is offering Market Linked Securities—auto‑callable, contingent coupon notes linked to the lowest performing common stock of NVIDIA, Oracle and UnitedHealth due June 1, 2029. The offering consists of securities with a face amount of $1,000 per security (original offering price $1,000), with total original offering price shown as $12,465,000. These unsecured notes pay a contingent monthly coupon at a 23.30% per annum rate (with a memory feature) only if the lowest performing Underlier on each calculation day is at or above its coupon threshold (60% of starting value). The notes are auto‑callable on specified monthly calculation days if the lowest performing Underlier is at or above its call threshold (90% of starting value). At maturity, if not called, principal repayment depends on the ending value of the lowest performing Underlier; full principal is returned only if that Underlier is at or above its downside threshold (60% of starting value), otherwise the maturity payment equals $1,000 multiplied by the performance factor, resulting in potential loss of more than 40% or complete loss. The estimated initial value per security on the pricing date was $952.67. All payments are subject to Bank of Montreal credit risk; these securities are complex, not FDIC‑insured, and are designed to be held to maturity or automatic call.
Bank of Montreal is offering Senior Medium-Term Notes, Series K: redeemable fixed-rate notes with a 5.10% per annum coupon and a stated maturity of June 15, 2033. The notes are issued at $1,000 per note (original issue price) with underwriting discount of $20 per note and net proceeds to the issuer of $980 per note. The notes are bail-inable under the Canada Deposit Insurance Corporation Act and may be converted, in whole or in part, into common shares under subsection 39.2(2.3) of the CDIC Act. Bank of Montreal may redeem the notes in whole (but not in part) on semi-annual optional redemption dates beginning June 15, 2028, at 100% of principal plus accrued interest. Interest is payable semi-annually on June 15 and December 15, commencing December 15, 2026. The notes will not be listed on any securities exchange.
Bank of Montreal is offering Market Linked Securities—leveraged upside, buffered downside notes linked to the Nasdaq-100 Index® due June 2, 2028. The face amount is $1,000 per security with an original offering price of $1,000 and an estimated initial value of $967.02 per security on the pricing date. Terms include a 125% upside participation rate capped at a 24.00% maximum return ($240 per security), a 15% buffer (threshold = 85% of the starting value) and 1-to-1 downside beyond the buffer (possible loss up to 85% of face). The pricing date was May 29, 2026, issue date June 3, 2026, and calculation (final) day is scheduled for May 30, 2028, each subject to postponement for market disruptions. The offering shows total original proceeds of $3,642,000 and proceeds to the issuer of $3,548,218.50. The securities are unsecured obligations of Bank of Montreal, subject to its credit risk, and do not pay interest or trade on an exchange.
Bank of Montreal is issuing MicroSectors™ -3× Short Artificial Intelligence (AI) ETNs due May 30, 2046. The ETNs seek to deliver daily −3× inverse exposure to the BITA AI Leaders Select NTR US Index, compounded daily and net of a 0.95% per annum Daily Investor Fee, potential negative daily interest (Federal Funds Effective Rate minus an initial 2.50% spread) and a 0.125% early redemption fee. The ETNs are unsecured senior obligations, carry significant path‑dependence and a pronounced decay risk from daily resetting leverage, and are intended as short‑term trading tools rather than buy‑and‑hold investments. Initial issuance was $25,000,000 (500,000 ETNs) at $50 principal per ETN; the ETNs will initially settle on June 3, 2026 and mature on May 30, 2046.
Bank of Montreal is issuing MicroSectors™ 3× Long Artificial Intelligence (AI) ETNs due May 30, 2046, initially selling $25,000,000 aggregate principal (1,000,000 ETNs) at $25 per ETN with initial settlement on June 3, 2026. The ETNs seek daily 3× leveraged exposure to the BITA AI Leaders Select NTR US Index (ticker BAILSN), subject to a Daily Financing Charge (Financing Rate = Federal Reserve Bank Prime Loan Rate plus a Spread initially 2.50%), a Daily Investor Fee (0.95% per annum) and a Redemption Fee Amount (0.125%). Returns are path dependent and the ETNs are designed as short‑term trading tools; they do not pay interest and do not guarantee return of principal. The ETNs will be listed, subject to notice of issuance, on NYSE under ticker AIQU. Investors face issuer credit risk, leverage/decay risk, liquidity and call/redemption limitations.
Bank of Montreal (BMO) priced US$1,525,000 in Senior Medium-Term Notes, Series K: Autocallable Buffer Notes due June 02, 2028, linked to the least performing of Broadcom (AVGO), Lockheed Martin (LMT) and Oracle (ORCL). The notes pay a Contingent Interest Rate of 9.40% per quarter when each reference asset on an Observation Date is at or above its Coupon Barrier Level and are subject to an automatic redemption feature beginning August 28, 2026. At maturity, if any Reference Asset is below its Buffer Level, investors face downside exposure to the least performing Reference Asset after a 30.00% buffer; otherwise principal is returned. The estimated initial value on the Pricing Date was $968.31 per $1,000. The notes are unsecured obligations of BMO and payable in cash only.
Bank of Montreal is offering US$2,501,000 aggregate principal of Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the least performing of McDonald’s Corporation (MCD) and the S&P 500® Index (SPX). The notes price at 100% of principal with an estimated initial value of $988.26 per $1,000. Contingent coupons equal 0.7825% per month (approximately 9.39% per annum) payable monthly if each Reference Asset on an Observation Date is at or above its Coupon Barrier. The notes settle on June 02, 2026 and mature on June 02, 2028. Beginning May 27, 2027 the notes are subject to automatic redemption if each Reference Asset is at or above its Call Level on an Observation Date. At maturity, if a Trigger Event occurred (Final Level below 65.00% of Initial Level for either Reference Asset), repayment will be reduced based on the percentage change of the least performing Reference Asset.
Bank of Montreal priced a US$1,180,000 issuance of Senior Medium-Term Notes, Series K—Callable Barrier Notes with Contingent Coupons linked to the least performing of GDX, NDX and KRE. The Pricing Date is May 28, 2026, Settlement Date June 02, 2026 and Valuation Date April 27, 2028. The notes pay monthly contingent coupons at 1.6167% per month (approximately 19.40% per annum) if each Reference Asset on an Observation Date is at or above its Coupon Barrier Level, and are callable by the issuer beginning on February 25, 2027. At maturity, if a Trigger Event occurs for the Least Performing Reference Asset (Final Level below its Trigger Level), the holder will receive $1,000 plus the Percentage Change of the Least Performing Reference Asset, which may reduce the principal and could be zero. The pricing supplement states an estimated initial value of $972.50 per $1,000 on the Pricing Date and shows a public offering price near par with proceeds to the issuer reflected as 99.625% of principal amount.
Bank of Montreal priced a US$2,399,000 offering of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons due June 04, 2029, linked to the least performing of the S&P 500®, the Russell 2000® and the Nasdaq-100 Technology Sector Index. The Pricing Date was May 28, 2026, settlement is June 02, 2026 and the Valuation Date is May 30, 2029.
Key economics: contingent coupons pay 0.90% per month (approximately 10.80% per annum) when each Reference Asset closes at or above its Coupon Barrier (70% of initial level); a Trigger Event occurs if any Reference Asset’s Final Level is below its Trigger Level (60% of initial level), producing downside exposure where maturity payment equals $1,000 × Percentage Change of the least performing Reference Asset. The estimated initial value on the Pricing Date was $984.07 per $1,000.
Bank of Montreal priced US$2,141,000 of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons due June 02, 2028, linked to the least performing of Tesla, Inc. and NVIDIA Corporation. The notes pay a contingent coupon of 1.9167% per month (approximately 23.00% per annum) when each Reference Asset closes at or above its Coupon Barrier on an Observation Date. The public offering price was 100% of principal; the estimated initial value was $969.98 per $1,000 on the Pricing Date.
If not autocalled, at maturity holders receive $1,000 per $1,000 unless a Trigger Event occurs; if the Final Level of the least performing Reference Asset is below its Trigger Level, payment equals $1,000 plus $1,000 times that Reference Asset’s Percentage Change. The notes are unsecured obligations of the Bank and payable in cash only.
Bank of Montreal (BMO) prices US$1,251,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due June 04, 2029. The notes are linked to the least performing of Meta Platforms Class A (META), Caterpillar (CAT) and Visa Class A (V) and pay quarterly contingent coupons of 2.875% per quarter if each reference asset meets coupon barriers. The notes feature an automatic redemption if all reference assets are at or above their Call Level on an Observation Date and a downside Trigger Level that can cause principal loss at maturity based on the percentage change of the least performing reference asset. The pricing supplement states an estimated initial value of $948.83 per $1,000 principal on the Pricing Date and that physical delivery of shares will not occur; all payments are cash.
Bank of Montreal priced US$2,053,000 of Senior Medium-Term Notes, Series K — callable barrier notes with memory coupons linked to the least performing of Apple (AAPL), Cisco (CSCO) and CrowdStrike (CRWD). The notes pay monthly contingent coupons of 1.5208% per month if all reference assets meet 60% coupon barriers and mature on June 04, 2029, subject to issuer call beginning December 01, 2026. The estimated initial value on the pricing date was $939.45 per $1,000. Payment at maturity returns principal unless a trigger event occurs (Final Level of any reference asset below its 60% Trigger Level), in which case repayment is reduced pro rata based on the least performing reference asset.
Bank of Montreal priced US$822,000 of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons due June 02, 2031. The notes pay a monthly contingent coupon of 0.8083% per month (approximately 9.70% per annum) if each reference asset on an Observation Date is at or above a 70.00% coupon barrier. The notes are linked to the S&P 500®, Russell 2000® and shares of the State Street Utilities Select Sector SPDR ETF (XLU). The issuer may call the notes in whole beginning May 27, 2027 on any Observation Date. At maturity, if a Trigger Event has occurred (the Least Performing Reference Asset is below its 70.00% Trigger Level), the cash payment equals $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset and may be less than principal, possibly zero. The estimated initial value on the Pricing Date was $978.49 per $1,000. Price to public was 100% with an agent commission of 0.625%.
Bank of Montreal (BMO) is offering capped, market‑linked notes—senior unsecured Capped Notes with an Absolute Return Buffer linked to the Russell 2000® Index, due July 30, 2027. The notes have a $10 principal per unit, a public offering price of $10.00 per unit and an initial estimated value of $9.71 per unit as of the pricing date. The notes provide a 1:1 participation in positive Index performance up to a Capped Value of $11.20 per unit (a 12.00% capped return). If the Ending Value is below the Starting Value but at or above the Threshold Value (88.25% of the Starting Value), holders receive a positive return equal to the absolute percentage decline; if the Ending Value is below the Threshold Value, holders will lose a portion of principal. Payments depend on the Index performance and BMO’s creditworthiness; the offering includes an underwriting discount of $0.175 and a hedging related charge of $0.05 per unit.
Bank of Montreal (BMO) is offering market-linked Senior Medium-Term Notes, Series K, linked to the S&P 500® Index that mature on January 4, 2029. Each security has a face amount and original offering price of $1,000 and an estimated initial value of $968.70 (not less than $919.00 at pricing).
At maturity the payment is: $1,000 + contingent fixed return if the ending value ≥ starting value; $1,000 if ending value is between the starting value and the threshold (90% of starting value); or $1,000 + [$1,000 × (underlier return + buffer)] if ending value < threshold. The contingent fixed return will be at least 22.20% (≥ $222.00) per security. The calculation day is December 29, 2028, pricing date is June 29, 2026, and the agent discount is $25.75 per security.
Bank of Montreal priced US$250,000 Senior Medium‑Term Notes, Series K — Barrier Enhanced Return Notes linked to the iShares® MSCI EAFE ETF (EFA). The notes pay no interest, provide 127.25% upside leverage if the Reference Asset finishes at or above its initial level, and expose holders to full principal loss if the Reference Asset falls more than 20.00% (barrier = $83.75 on an initial level of $104.69). The notes mature on June 03, 2030, settle June 02, 2026, and are payable only in cash; all payments are subject to Bank of Montreal credit risk. The public offering price equals 100% (aggregate shown as $250,000), with an agent commission of 0.50%.
Bank of Montreal priced US$2,262,000 Senior Medium-Term Notes, Series K — Buffer Enhanced Return Notes due June 02, 2031 linked to the S&P 500® Futures Excess Return Index. Each $1,000 note offers 199.10% upside leverage on appreciation but features an 80.00% buffer floor: investors keep principal unless the Reference Asset declines more than 20.00%, after which they lose 1% of principal for each 1% decline beyond the buffer, up to an 80.00% loss. The notes pay no interest, are unsecured obligations of the Bank, will not be listed, and carry the Bank of Montreal credit risk. Price to public was 100% (aggregate $2,262,000); estimated initial value was $972.81 per $1,000. Minimum denominations are $1,000.
Bank of Montreal (BMO) priced and is offering US$762,000 of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Contingent Coupons linked to the common stock of Amazon.com, Inc. (AMZN). The Pricing Date is May 28, 2026, Settlement Date June 02, 2026, Valuation Date May 30, 2029, and Maturity Date June 04, 2029. Each note has $1,000 principal amount. The notes pay a contingent coupon of 3.00% per quarter (approximately 12.00% per annum) when the Reference Asset on an Observation Date is at or above the Coupon Barrier Level ($191.80, 70.00% of the Initial Level). The notes are automatically redeemed on an Observation Date if the Reference Asset is at or above the Call Level (100% of the Initial Level). At maturity, if the Final Level is below the Trigger Level ($191.80), investors receive $1,000 plus $1,000 times the Percentage Change (which may be less than principal or zero). The estimated initial value on the Pricing Date was $967.38 per $1,000. The offering includes an agent’s commission of 2.00% and proceeds to BMO of 98.00% of principal.
Bank of Montreal priced US$731,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the least performing of the common stock of Apple Inc., Intel Corporation and NVIDIA Corporation. The notes pay monthly contingent coupons of 3.3125% per month (approximately 39.75% per annum) if each reference asset meets its coupon barrier on an observation date and are callable beginning August 28, 2026 if all reference assets meet their call levels. If not auto‑redeemed, principal repayment at maturity on June 02, 2028 depends on the final performance of the least performing reference asset versus its initial level; a trigger event occurs if any Final Level is below its Trigger Level (60.00% of initial level). The estimated initial value on the pricing date was $958.72 per $1,000 in principal amount. Terms include cash settlement only, calculation agent adjustments, and distribution fees and commissions described on the cover.
Bank of Montreal is offering $2,360,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of Eli Lilly and Company (LLY). The notes price on May 28, 2026 with settlement on June 02, 2026 and mature on December 01, 2028. Each $5,000 note has an Initial Level of $1,126.80 and a contingent coupon payable at 2.98% per quarter (approximately 11.92% per annum) when the Reference Asset on an Observation Date is at or above the Coupon Barrier of $676.08 (60.00% of Initial Level). Notes will be automatically redeemed if, on an Observation Date beginning November 30, 2026, the closing level of LLY is at or above the Call Level (100% of Initial Level). If not called and the Final Level is below the Trigger Level ($676.08), investors may receive a Physical Delivery Amount (shares) or, at the issuer’s election, a Cash Delivery Amount; principal is at risk and may be significantly reduced at maturity. The pricing supplement shows an estimated initial value of $4,859.95 per $5,000 principal amount on the Pricing Date.
Bank of Montreal priced US$2,335,000 Senior Medium-Term Notes, Series K. The notes are autocallable barrier notes with memory coupons linked to the least performing share of AMD, NVDA and PLTR. Pricing Date was May 28, 2026, Settlement Date June 02, 2026, Valuation Date May 30, 2029, and Maturity Date June 04, 2029. The notes pay contingent quarterly coupons of 7.80% per quarter (approximately 31.20% per annum) if each Reference Asset on an Observation Date is at or above its Coupon Barrier Level, and include a Memory Coupon Feature. At maturity, if not automatically redeemed, holders receive $5,000 per $5,000 unless a Trigger Event occurs; if a Trigger Event occurs the holder receives a Physical Delivery Amount of the least performing Reference Asset (or cash at issuer election). The Pricing Supplement states the estimated initial value was $4,709.40 per $5,000 principal amount.
Bank of Montreal is offering US$1,500,000 in Senior Medium-Term Notes, Series K — Capped Contingent Risk Absolute Return Buffer Notes due June 02, 2028. The notes link to the S&P 500® Equal Weight Index and provide 1:1 upside participation subject to a Maximum Redemption Amount of $1,247.50 per $1,000 (a 24.75% cap). If the index declines but remains at or above the Buffer Level (85.00% of the Initial Level), the notes pay a positive absolute return up to the Maximum Downside Redemption Amount of $1,150.00 per $1,000 (a 15.00% return). If the Final Level is below the Buffer Level, investors lose 1% of principal for each 1% decline beyond the 15.00% buffer, potentially losing up to 85.00% of principal. The notes pay no interest, are unsecured obligations of Bank of Montreal, are subject to the issuer’s credit risk, and will not be listed on any exchange.
Bank of Montreal is offering US$1,293,000 of Senior Medium-Term Notes, Series K — capped market-linked notes tied to the S&P 500® Index. The notes were priced on May 28, 2026, settle on June 02, 2026, and mature on June 02, 2031. Each $1,000 note pays no interest and returns at maturity either the principal or an upside payment capped at a Maximum Redemption Amount of $1,441.10 per $1,000 (a 44.11% maximum return). The notes provide 1-to-1 upside participation up to the cap (Upside Leverage Factor 100.00%); if the Final Level is below or equal to the Initial Level, holders receive the $1,000 principal only. The issuer’s estimated initial value was $963.56 per $1,000; price to public aggregated to $1,293,000 with an agent’s commission totaling 2.50%. Payments are unsecured obligations of Bank of Montreal and are subject to the issuer’s credit risk. The notes will not be listed.
Bank of Montreal issues US$481,000 Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes linked to the S&P 500® Index. The notes pay no interest, provide 125.00% upside exposure capped at a Maximum Redemption Amount of $1,658.60 per $1,000, include a 10.00% downside buffer, and mature on June 02, 2031. Payments are subject to Bank of Montreal credit risk and the notes will not be listed on any exchange.
Bank of Montreal is offering US$490,000 of Senior Medium-Term Notes, Series K — 30.25% Digital Return Notes linked to the American Depositary Receipts of Novo Nordisk A/S (ticker NVO). The notes pay a 30.25% Digital Return at maturity if the Final Level of the reference ADRs is greater than or equal to the Initial Level of $45.51; otherwise investors receive the principal of $1,000 per note. The notes mature on June 04, 2029, do not bear interest, are unsecured obligations of Bank of Montreal, and are subject to the issuer’s credit risk. The public offering price is 100% of principal, with an agent’s commission of 0.75%, and an estimated initial value of $973.75 per $1,000 on the Pricing Date.
Bank of Montreal (BMO) priced US$225,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Enhanced Return Notes due June 01, 2029 linked to the least performing of the Dow Jones Industrial Average, NASDAQ-100 and Russell 2000. The notes offer a 150.00% upside leverage on the least performing reference asset and an automatic redemption feature on June 02, 2026 if each index closes above its Call Level (100.00% of initial). If automatically redeemed, holders receive principal plus a Call Amount (approximate return 13.25% per annum). If not redeemed and the least performing index falls below its Barrier Level (55.00% of initial), holders suffer downside loss equal to the percentage decline in that index, potentially losing up to 100% of principal. Notes pay no interest and are unsecured obligations of BMO.
Bank of Montreal is offering senior medium-term, Nasdaq-100®-linked notes with a $1,000 face amount and an original offering price of $1,000 per security. The pricing date is June 29, 2026, the issue date is July 2, 2026, and the stated maturity date is July 5, 2028.
The securities offer 200% upside participation up to a maximum return that will be at least $250.00 per security (at least 25.00%) and provide a 10% downside buffer (threshold = 90% of the starting value). The initial estimated value on the preliminary pricing supplement is $970.30 (will not be less than $920.00 at pricing). Proceeds to Bank of Montreal are shown as $974.25 per security after an agent discount of $25.75.
Bank of Montreal is offering senior medium-term, market-linked notes linked to the Russell 2000 Index with a stated maturity of July 5, 2028. The securities have a face amount of $1,000 per security, an estimated initial value of $970.30 (floor at $920.00), and pay no interest. Investors participate in upside at a 200% rate up to a minimum $267 maximum return (26.70%) and receive a 10% buffered downside (threshold = 90% of the starting value). The pricing date is June 29, 2026 and the issue date is July 2, 2026. These are unsecured obligations of Bank of Montreal and are subject to issuer credit risk, complex payoff mechanics, limited secondary market liquidity, and uncertain U.S. federal tax treatment.
Bank of Montreal priced a preliminary offering of senior medium‑term notes—Equity Index Linked Securities—linked to the S&P 500® Index with a face amount of $1,000 per security. The securities pay a cash maturity amount on July 5, 2029 and provide 150% upside participation subject to a maximum return that will be at least 30.40% ($304.00). The securities include a 15% buffer (threshold = 85% of the starting value) so investors suffer 1:1 losses for declines beyond the buffer (up to 85% loss of face at worst). The preliminary estimated initial value is $969.00 per security (stated not to be less than $920.00 at pricing). The original offering price is $1,000.00 with an agent discount of $28.25 and proceeds to BMO of $971.75 per security.
Bank of Montreal (BMO) is offering Capped Leveraged Index Return Notes linked to the Invesco S&P 500® Equal Weight ETF (RSP) due May 26, 2028. The notes are senior unsecured debt with a $10.00 principal per unit, a public offering price of $10.00 per unit and aggregate offering proceeds of $15,545,590. The initial estimated value at pricing was $9.71 per unit. Payments at maturity depend on the Ending Value of the Underlying Fund versus the Starting Value of $208.25 and a Threshold Value of $187.43. The notes provide a 200% participation rate in positive performance subject to a Capped Value of $11.771 per unit (a 17.71% return over principal). If the Ending Value is below the Threshold Value, holders can lose principal; if Ending Value is between Threshold and Starting Value, holders receive principal.
The offering price exceeds the initial estimated value due to underwriting and hedging-related charges, and payments are subject to BMO credit risk. The notes include an underwriting discount of $0.20 and a hedging-related charge of $0.05 per unit. The notes will not be listed, are sold in minimum blocks of 100 units, and secondary market liquidity is discretionary and price-dependent.
Bank of Montreal (BMO) is offering Accelerated Return Notes® linked to the Invesco S&P 500® Equal Weight ETF (ticker RSP), due July 30, 2027. The notes have a $10.00 principal per unit and were offered at a public offering price of $10.000 per unit, aggregating $38,009,260.00.
The issuer's initial estimated value on the pricing date was $9.74 per unit. The notes provide a leveraged upside with a Participation Rate of 300% and a Capped Value of $11.307 per unit (a 13.07% capped return). The Starting Value is listed as $208.25; the Ending Value is an average of specified calculation days in July 2027. Principal is at risk if the Ending Value is below the Starting Value.
Bank of Montreal is offering Accelerated Return Notes® linked to the Russell 2000® Index with a public offering of $43,777,670 at $10.00 per unit. The notes mature on July 30, 2027 and provide a leveraged upside at a Participation Rate of 300% subject to a Capped Value of $12.072 per unit. The issuer’s initial estimated value was $9.71 per unit on the pricing date; the public offering price exceeds that estimate due to underwriting and hedging charges. Payments at maturity depend on the Ending Value of the Russell 2000® Index versus the Starting Value (2,936.570), and are unsecured obligations subject to BMO’s credit risk.
Bank of Montreal is offering Senior Medium-Term Notes, Series K—market-linked securities due June 8, 2027—whose return depends on the lowest performing share among Dollar General (DG), The Home Depot (HD) and Tractor Supply (TSCO). Each $1,000 face amount will pay a contingent fixed return of 31.60% ($316) at maturity only if the lowest performing Underlier’s ending value is at or above 70% of its starting value; otherwise the holder absorbs the full decline of that lowest performing Underlier and can lose more than 30%, up to the full principal. The pricing date was May 28, 2026, the issue date June 2, 2026, and the estimated initial value at pricing was $945.48 per security. The securities are unsecured obligations of Bank of Montreal and carry issuer credit risk, limited secondary-market liquidity, complex payoff mechanics and uncertain U.S. federal tax treatment.
Bank of Montreal offers Market Linked Securities—contingent fixed return, principal at risk notes linked to the lowest performing common stock of Dollar General (DG), The Home Depot (HD) and Tractor Supply (TSCO), maturing June 8, 2027. The original offering price is $1,000 per security and the contingent fixed return is 38.20% (equivalent to $382.00 per security). At maturity you receive $1,000 + contingent fixed return if the lowest performing Underlier’s ending value is at or above its 75% threshold; otherwise you receive $1,000 × (1 + underlier return) and may lose more than 25% or all principal. The securities are unsecured obligations of Bank of Montreal, carry credit risk of the issuer, do not pay interest, are not FDIC-insured, and are unlikely to trade on a secondary market.
Bank of Montreal is offering senior medium-term Market Linked Notes (ETF Linked Notes) tied to the SPDR® Gold Trust (GLD) with a stated maturity date of May 31, 2030. The offering price is $1,000 per note and the excerpt shows a total original offering of $1,146,000. On maturity the cash payment per note will be principal plus an upside participation equal to 100% of the underlier return up to a maximum return of 35.70% (maximum maturity payment of $1,357.00 per note). If the ending value is less than or equal to the starting value, repayment will be the principal amount only, subject to the issuer’s credit risk. The starting value on the pricing date was $412.77. The calculation day is May 28, 2030, and the maturity and calculation dates are subject to postponement for market disruption events.