Bank of Montreal 424B Filings

Bank of Montreal is offering Senior Medium-Term Redeemable Fixed Rate Notes, Series K with a stated maturity of May 27, 2033. The Notes pay 4.90% per annum semiannually, have a $1,000 principal denomination, and an original issue price of $1,000 per Note. The issuer may redeem the Notes in whole (but not in part) on semiannual optional redemption dates at 100% of principal plus accrued interest. The Notes are bail-inable under the CDIC Act and may be converted into common shares under Canadian bank resolution powers. The underwriting discount is $20 per Note, with proceeds to Bank of Montreal of $980 per Note.

Bank of Montreal priced a series of Senior Medium-Term Notes (Series K). The Notes pay 4.35% per annum, have a stated maturity of May 29, 2029, and pay principal of $1,000 per Note at maturity unless redeemed. The original issue price is $1,000 per Note (underwriting discount $10, proceeds to the issuer $990 per Note). The Notes are bail-inable and subject to conversion into common shares under subsection 39.2(2.3) of the CDIC Act. The issuer may redeem the Notes in whole (but not in part) on semi-annual Optional Redemption Dates at 100% of principal plus accrued interest.

Bank of Montreal priced Senior Medium-Term Notes, Series K: redeemable fixed-rate notes carrying a 4.70% annual interest rate and a stated maturity of May 29, 2031.

The notes are issued in $1,000 denominations (original issue price $1,000.00 per note) with proceeds to the issuer of $985.00 per note after an underwriting discount of $15.00. Interest is payable semi-annually commencing December 11, 2026. The issuer may redeem the notes in whole (but not in part) on semi-annual optional redemption dates beginning June 11, 2027. These notes are bail-inable under the Canadian CDIC Act and may be converted into common shares under subsection 39.2(2.3) of the CDIC Act; holders are deemed to consent to those provisions by acquisition.

Bank of Montreal is offering Capped Leveraged Index Return Notes® linked to the MSCI Emerging Markets, due June 2028, in a primary public offering.

The notes have a $10.00 principal per unit, a participation rate of 200%, a Threshold Value equal to 90.00% of the Starting Value, and a Capped Value to be set at pricing (illustrative range $12.40–$12.80 per unit). Payments at maturity depend on the indexed Ending Value, and all payments are subject to BMO’s credit risk and the offering’s stated fees and hedging charges.

Bank of Montreal is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the EURO STOXX 50® Index with a Trade Date of May 28, 2026 and a scheduled Maturity Date of June 1, 2029. The notes pay a quarterly Contingent Coupon set between 8.00% and 8.50% per annum provided both underliers meet their 70% Coupon Barrier on each observation date. The notes are automatically callable on quarterly call observation dates if each underlier closes at or above its Initial Underlier Value, in which case holders receive the principal plus a final contingent coupon. If not called and the Final Underlier Value of any underlier is below its 70% Downside Threshold, repayment at maturity will be reduced proportionally to the negative return of the Least Performing Underlier; holders may lose a substantial portion or all of their investment. The Original Issue Price is $10.00 per note, with an estimated initial value of $9.77 (no less than $9.30) and proceeds to the issuer of $9.80 per note after a $0.20 underwriting discount. Payments are subject to the credit risk of Bank of Montreal and the notes will not be listed on an exchange.

Bank of Montreal is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500® Index and the EURO STOXX 50® Index. The notes have a $10 principal amount per note, a trade date of May 28, 2026, settlement on May 29, 2026, a final valuation on May 29, 2029, and a maturity date of June 1, 2029.

The Contingent Coupon Rate will be set on the Trade Date at between 10.00% and 10.50% per annum (equal quarterly payments if each Underlier meets its Coupon Barrier). Each Underlier's Coupon Barrier and Downside Threshold equal 70% of its Initial Underlier Value. If notes are autocalled on a Call Observation Date, holders receive principal plus the final contingent coupon; if not called, principal is repaid at maturity only if each Underlier is at or above its Downside Threshold. If any Underlier is below its Downside Threshold at the Final Valuation Date, holders suffer a loss equal to the negative return of the Least Performing Underlier and may lose a significant portion or all of their investment. The issuer is Bank of Montreal and payments are subject to its credit risk.

Bank of Montreal proposes an offering of Senior Medium-Term Notes in multiple tranches under its Series J shelf, including fixed-to-floating rate tranches and a floating-rate tranche. The Notes are bail-inable and subject to conversion under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act. Interest structures include initial fixed-rate periods followed by Compounded SOFR-based floating periods for the fixed/floating tranches, and quarterly Compounded SOFR-based interest for the floating tranche. Redemption features include optional redemptions, tax redemptions and par-call mechanics; net proceeds will be contributed to the general funds of Bank of Montreal.

Bank of Montreal (BMO) priced additional MicroSectorsU.S. Big Oil -3Inverse Leveraged ETNs due February 17, 2045. The tranche will total an expected aggregate principal amount of $125,000,000 (1,000,000 ETNs at $125 principal per ETN after a 1-for-5 reverse split). The ETNs seek to deliver a daily-reset -3x leveraged inverse return to the Solactive MicroSectorsU.S. Big Oil Index, net of a 0.95% p.a. Daily Investor Fee, any negative Daily Interest (Federal Funds Effective Rate minus an Interest Rate Spread initially 2.00% p.a., adjustable up to 4.00% p.a.) and a 0.125% Redemption Fee (if applicable). The pricing supplement cautions that the ETNs are path-dependent, intended as short-term trading tools (not buy-and-hold), may experience "decay" from daily leverage resetting, are unsecured obligations of BMO and may result in a total loss of principal. The additional ETNs are expected to settle on or about May 27, 2026 and will trade under ticker NRGD.

Bank of Montreal priced US$500,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to Lemonade, Inc. due May 28, 2027. The notes pay a 2.0083% monthly contingent coupon (approximately 24.10% per annum) if the reference stock meets monthly coupon barrier tests. The notes are automatic‑callable beginning December 22, 2026 if the reference stock closes at or above the Call Level. At maturity, if the Final Level is below the Trigger Level ($28.53), investors receive a reduced cash amount tied to the percentage change in the reference stock; physical delivery of shares is not available. The initial estimated value on the pricing date was $960.59 per $1,000 principal.

Bank of Montreal priced US$608,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of AMD, Broadcom and Microsoft. The notes pay a contingent coupon of 2.0208% per month (~24.25% per annum) when each reference stock is at or above its 60% Coupon Barrier on observation dates and are automatically redeemable if, on an observation date, each reference asset is at or above its Call Level (100% of initial levels). If not called, maturity payment depends on the least performing reference asset versus its Initial Level, with a Trigger Level set at 50% of Initial Level for each reference asset; investors receive cash only and the estimated initial value on the pricing date was $944.29 per $1,000 principal. The notes settle on May 28, 2026 and mature on May 29, 2029. Terms include anti-dilution adjustments, market-disruption provisions and tax treatment discussed in the product supplement.

Bank of Montreal priced US$6,199,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®. The notes price on May 22, 2026, settle May 28, 2026 and mature August 31, 2027. They pay monthly contingent coupons of 1.0417% per month when all reference assets close at or above their coupon barriers; an automatic redemption can occur if all reference assets close above their call levels on an observation date. At maturity, principal repayment depends on the performance of the least performing reference asset and may be less than principal if a trigger event occurs. The estimated initial value was $988.23 per $1,000 on the pricing date.

Bank of Montreal issues US$1,000,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index. The notes pay a contingent monthly coupon of 1.3333% (approximately 16.00% per annum) when the Reference Asset meets the Coupon Barrier and carry an automatic redemption feature beginning on November 23, 2026. The notes mature on May 25, 2029 with a principal repayment at maturity that may be reduced if a Trigger Event occurs (Final Level below the Trigger Level of 3,305.77, which is 75.00% of the Initial Level). The pricing supplement states an estimated initial value of $948.54 per $1,000 principal and a public offering price of 100% (agent’s commission 0.90%, proceeds to Bank of Montreal $991,000). Investors should read the listed risk sections and related prospectus materials.

Bank of Montreal priced US$2,977,000 of Senior Medium-Term Notes, Series K: Autocallable Barrier Enhanced Return Notes due May 29, 2029, linked to the least performing of the Dow Jones Industrial Average®, NASDAQ-100® and Russell 2000®. The notes offer 150.00% upside leverage to positive performance of the least performing reference asset if not auto‑redeemed. Beginning May 28, 2027, automatic redemption will occur on an Observation Date if each Reference Asset closes above its Call Level, paying principal plus a Call Amount (examples: $174 and $348 per $1,000). If not called, maturity payoffs depend on the Least Performing Reference Asset versus its Initial Level and a Barrier Level at 70.00% of Initial Level; declines below the Barrier produce linear principal loss.

Bank of Montreal priced a US$3,832,000 offering of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the MerQube US Large-Cap Vol Advantage Index (MQUSLVA).

The notes were priced on May 22, 2026, settle on May 28, 2026 and mature on May 25, 2029. They pay contingent monthly coupons of 1.2167% per month (approximately 14.60% per annum) when the reference asset closes at or above the coupon barrier. The coupon barrier and trigger level are 3,085.38 (70.00% of the Initial Level). The notes are autocallable beginning on the November 23, 2026 observation date if the Reference Asset is above the Call Level (100.00% of the Initial Level). The estimated initial value on the pricing date was $947.94 per $1,000 principal amount. Terms include a Memory Coupon Feature, potential principal loss at maturity if a Trigger Event occurs, and customary distribution conflicts and limitations described in the supplement.

Bank of Montreal (BMO) priced US$570,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due May 25, 2029 — linked to the MerQube US Large-Cap Vol Advantage Index (MQUSLVA). The notes pay monthly contingent coupons at 0.9917% per month (≈11.90% per annum) when the Reference Asset closes at or above a Coupon Barrier of 2,644.61 (60.00% of the Initial Level). The Initial Level is 4,407.69. The notes are callable beginning on November 23, 2026 if the Reference Asset closes above the Call Level (100% of Initial Level). At maturity investors receive principal unless a Trigger Event occurs (Final Level < Trigger Level of 2,644.61), in which case the payment equals $1,000 multiplied by the Percentage Change and may be less than principal. The estimated initial value on the Pricing Date was $947.22 per $1,000 principal. Terms include memory coupons, monthly observation dates, and index-specific adjustments and risks described in referenced prospectus materials.

Bank of Montreal prices a preliminary offering of senior medium-term, equity-linked, auto-callable notes due June 1, 2029, linked to the lowest performing common stock of Blackstone Inc. and NVIDIA Corporation. The notes pay monthly contingent coupons (rate at least 20.00% per annum) with a memory feature, may be automatically called if the lowest performing underlier meets its starting value on scheduled calculation days, and expose holders to downside principal risk: if the lowest performing underlier finishes below its downside threshold, holders may receive shares at maturity instead of cash. The pricing timetable shows a pricing date: May 29, 2026 and issue date: June 3, 2026, with an original offering price of $1,000 per security and an estimated initial value of $967.90 (not less than $920.00). Purchases are unsecured obligations of Bank of Montreal and subject to its credit risk.

Bank of Montreal priced a series of equity-linked senior notes (series K) that are auto-callable and linked to the lowest performing share of AAPL, AMD and JPM, maturing May 25, 2029. The original offering price is $1,000 per security (face amount) and the issuer's estimated initial value was $942.59 per security. The securities pay a contingent coupon of 23.30% per annum (monthly) only when the lowest performing underlier on each calculation day is at or above its 60% coupon threshold; unpaid coupons carry forward without interest and may be paid later if threshold conditions are met. If any scheduled monthly calculation day from November 2026 through April 2029 shows the lowest performing underlier at or above its starting value, the notes will be automatically called and redeemed at face amount plus accrued contingent coupon(s). At final maturity, if not called, holders receive $1,000 if the lowest performing underlier is at or above its 60% downside threshold; otherwise the maturity payment equals $1,000 × performance factor of the lowest performing underlier (full downside exposure).

Bank of Montreal offers Market Linked Notes (Series K) — equity‑linked, auto‑callable securities due May 25, 2028. These notes reference the lowest performing of Keysight Technologies (KEYS), NextEra Energy (NEE) and Visa (V). The original offering price is $1,000 per security and the issuer’s estimated initial value on the pricing date was $958.33 per security. The notes pay a contingent coupon of 11.76% per annum (monthly) only when the lowest performing underlier on a calculation day is at or above its coupon threshold (50% of starting value). The notes are automatically called if the lowest performing underlier is at or above 90% of its starting value on specified monthly calculation days (August 2026–April 2028). If not called, maturity pays $1,000 unless the lowest performing underlier on the final calculation day is below its downside threshold (50% of starting value), in which case the maturity payment equals $1,000 × performance factor, exposing investors to loss of principal. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk. Pricing date: May 22, 2026; issue date: May 28, 2026.

Bank of Montreal priced Market Linked Senior Medium-Term Notes (Series K) — equity-linked, auto-callable securities due May 25, 2029. The original offering price is $1,000 per security and the issuer’s estimated initial value on the pricing date was $931.29 per security. The securities pay a contingent coupon of 25.30% per annum monthly when the lowest-performing underlier on each calculation day is at or above its 50% coupon threshold. Starting values on the pricing date (May 22, 2026) were GOOGL $382.97, MU $751.00, and NVDA $215.33. If an automatic call occurs on a calculation day where the lowest-performing underlier is at or above its starting value, holders receive face amount plus accrued contingent coupon payments; otherwise, at maturity the holder may receive less than face amount depending on the lowest-performing underlier’s ending value, with full downside exposure below the 50% downside threshold. The agent discount is $23.25 per security and aggregate original offering price was $16,048,000. These are unsecured obligations of Bank of Montreal and subject to issuer credit risk and complex tax uncertainty.

Bank of Montreal is offering Senior Medium-Term Notes—equity index linked securities tied to the Nasdaq-100 Index® with a stated maturity date of June 2, 2028. The securities have a face amount of $1,000 per security and an original offering price of $1,000 per security.

The securities provide upside participation of 125% subject to a maximum return that will be at least 24.00% of face amount (at least $240), a downside buffer of 15% (threshold = 85% of starting value), and 1-to-1 downside exposure beyond the buffer. The calculation day is May 30, 2028 and the pricing date is May 29, 2026.

Bank of Montreal prices market-linked, auto-callable senior notes linked to NVDA, ORCL and UNH due June 1, 2029. These notes have a face amount of $1,000 per security, an estimated initial value of $960.60 and an original offering price of $1,000 per security. The contingent coupon rate will be set on the pricing date and will be at least 23.30% per annum. Monthly calculation days determine whether a contingent coupon is paid, and the notes are auto-callable if the lowest performing Underlier meets its call threshold on a calculation day. At maturity, if not called, repayment depends on the performance of the lowest performing Underlier: full face amount if its ending value is ≥ 60% of its starting value, otherwise a pro rata payment (example: 45% ending value → $450 per security). Payments are unsecured obligations of Bank of Montreal and subject to its credit risk.

The Bank of Montreal is offering non‑interest bearing, principal‑at‑risk notes linked to the S&P 500® Index with $1,000 principal amounts per note. The notes may be automatically called on a call observation date (expected 12–14 months after trade date) for the principal plus a call premium (expected 10.31%–12.09%).

If not called, the stated maturity is expected at about 24 months and the maturity payment depends on index performance: positive participation equals a 150% upside participation rate on appreciation; negative performance results in a one‑for‑one loss of principal (you lose 1% of principal for each 1% the index declines). The issuer’s initial estimated value is expected to be $954.00–$984.00 per $1,000 principal amount; the notes are unsecured obligations of Bank of Montreal and are not FDIC‑insured.

Bank of Montreal (BMO) is marketing senior medium-term, equity-linked notes due June 8, 2027 linked to the lowest performing common stock of Dollar General (DG), The Home Depot (HD) and Tractor Supply (TSCO). The original offering price is $1,000 per security and the securities pay no interest.

At maturity the payment equals the face amount plus a contingent fixed return if the lowest performing underlier’s ending value is greater than or equal to its threshold (75% of starting value). If the lowest performing underlier falls below the threshold, holders suffer full downside equal to the underlier return. The minimum contingent fixed return will be 38.20% (at least $382.00 per security). The pricing date is May 28, 2026 and issue date is June 2, 2026.

Bank of Montreal priced US$1,015,000 of Senior Medium‑Term Notes, Series K — Capped Buffer Enhanced Return Notes — due May 29, 2029. The notes were priced on May 21, 2026 with settlement on May 27, 2026 and a valuation date of May 23, 2029.

The notes provide 150.00% upside leverage on an unequally weighted basket of five indices, subject to a Maximum Redemption Amount of $1,448.00 per $1,000 principal (a 44.80% cap). A 5.00% buffer protects the principal only if the Basket decline does not exceed 5.00%; declines beyond the buffer lose 1.00% of principal per 1.00% decline, up to a 95.00% loss. All payments are subject to Bank of Montreal credit risk.

Bank of Montreal (BMO) priced a US$2,699,000 offering of Senior Medium-Term Notes, Series K — Callable Barrier Notes — linked to the least performing of the Class A common stock of Palantir Technologies, Inc. (PLTR) and Robinhood Markets, Inc. (HOOD). The notes were priced on May 21, 2026, settle on May 27, 2026 and mature on February 28, 2028.

Key economic features: a contingent interest rate of 2.3333% per month (approximately 28.00% per annum) payable monthly if each Reference Asset on an Observation Date is at or above its coupon barrier; a principal repayment at maturity that is full principal unless a Trigger Event occurs, in which case payment equals $1,000 plus $1,000 multiplied by the Percentage Change of the least performing Reference Asset. Initial Levels were PLTR $137.42 and HOOD $75.92, with coupon and trigger barriers set at 50% of those Initial Levels (PLTR $68.71, HOOD $37.96). The estimated initial value on the Pricing Date was $976.34 per $1,000 principal.

Bank of Montreal priced a US$248,000 offering of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the common stock of Capital One Financial Corporation (COF). The notes have a Pricing Date of May 21, 2026, a Settlement Date of May 27, 2026, and a Maturity Date of June 28, 2027. Each $1,000 principal note was offered at 100% of par and pays a contingent coupon of 1.2583% per month (approximately 15.10% per annum) if the Reference Asset meets monthly Coupon Barrier conditions on Observation Dates. The notes are autocallable beginning on November 24, 2026 if the Reference Asset closes at or above the Call Level; final cash payoff at maturity depends on the Reference Asset Final Level relative to a Trigger Level equal to 70.00% of the Initial Level. The notes are unsecured obligations of the issuer and are cash‑settled at maturity; physical delivery of COF shares is not available.

Bank of Montreal offers US$2,535,000 in Senior Medium-Term Notes, Series K — Barrier Notes with Contingent Coupons due May 23, 2029. The notes pay monthly contingent coupons of 0.8708% per month (≈10.45% per annum) if each reference ETF closes at or above its 70% Coupon Barrier on Observation Dates. At maturity investors receive $1,000 per $1,000 principal unless a Trigger Event occurs; if any Reference Asset closes below its 70% Trigger Level on the Valuation Date, the maturity payment equals $1,000 × (1 + Percentage Change of the Least Performing Reference Asset), which may be less than principal and could be zero. Estimated initial value was $977.30 per $1,000 on the Pricing Date. Reference Assets are EEM, IWM and QQQ. Other key dates: Strike Date May 20, 2026, Pricing Date May 21, 2026, Settlement Date May 26, 2026, Valuation Date May 21, 2029.

Bank of Montreal (BMO) is offering US$528,000 of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Contingent Coupons due May 27, 2031. The notes pay a Contingent Coupon of 0.575% per month (approximately 6.90% per annum) when each reference index is at or above its Coupon Barrier on Coupon Observation Dates. The notes reference the S&P 500, Russell 2000 and Dow Jones Industrial Average, are callable on specified observation dates if each Reference Asset is at or above 100% of its Initial Level, and have a Trigger Level and Coupon Barrier equal to 70.00% of each Initial Level. If not called, payment at maturity depends on the Percentage Change of the least performing Reference Asset; a Trigger Event (Final Level below the 70% Trigger Level) causes the principal repayment to be reduced pro rata. The Pricing Date is May 21, 2026, Settlement Date is May 27, 2026, Valuation Date is May 21, 2031, and the estimated initial value on the Pricing Date was $948.76 per $1,000 principal amount.

Bank of Montreal is offering US$1,142,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of Capital One Financial Corporation (ticker COF). The notes price on May 21, 2026, settle on May 27, 2026 and mature on June 28, 2027. The notes pay a 1.0542% monthly contingent coupon (approximately 12.65% per annum) when the Reference Asset on each Observation Date is at or above the Coupon Barrier Level of $130.66 (70.00% of the Initial Level of $186.66). Beginning November 24, 2026, the notes may be automatically redeemed if the Reference Asset closes at or above the Call Level (100% of the Initial Level). At maturity, if the Final Level is below the Trigger Level ($130.66), investors receive a reduced cash payoff equal to $1,000 plus Percentage Change of the Initial Level, which can be less than principal. The estimated initial value was $972.55 per $1,000 principal amount on the Pricing Date.

Bank of Montreal priced US$728,000 in Senior Medium-Term Notes (Series K) — Autocallable Barrier Notes linked to the common stock of Northrop Grumman Corporation (ticker: NOC). The notes price date was May 21, 2026, settle May 27, 2026, and mature on June 30, 2027. The notes pay contingent monthly coupons of 0.7725% per month (~9.27% per annum) when the Reference Asset is at or above a coupon barrier. The Initial Level is $551.58 and the Coupon Barrier and Trigger Level are $402.65 (73.00% of the Initial Level). Beginning November 24, 2026, the notes will be automatically redeemed if the Reference Asset’s closing level on an Observation Date is at or above the Call Level (100% of the Initial Level). At maturity, if not autocalled and if the Final Level is below the Trigger Level, holders will receive a Physical Delivery Amount of shares (or cash at issuer election) equal to $1,000 divided by the Initial Level, which may result in loss of principal.

Bank of Montreal (BMO) is offering Capped Leveraged Index Return Notes® linked to the Invesco S&P 500® Equal Weight ETF due June 2028. The notes have a $10 principal amount per unit, a Participation Rate of 200%, a Threshold Value equal to 90.00% of the Starting Value, and an expected Capped Value in the range of $11.40 to $11.80 per unit. The initial estimated value is expected to be between $9.10 and $9.41 per unit and will be less than the public offering price of $10.00 per unit; the underwriting discount is $0.20 per unit and a hedging charge of about $0.05 per unit applies. Payments at maturity depend on the Ending Value of the Underlying Fund and are subject to BMO’s credit risk.

Bank of Montreal is offering Market Linked Securities—auto‑callable notes due May 24, 2029 linked to the lowest performing of Amazon, IBM and Marvell. The original offering price is $1,000 per security and the issuer’s estimated initial value on the pricing date was $952.35 per security. The notes pay a 23.60% per annum contingent coupon (monthly, with a memory feature) if the lowest performing Underlier on a calculation day is at or above its coupon threshold (50% of starting value). The notes are automatically called if the lowest performing Underlier on certain calculation days equals or exceeds its starting value; otherwise principal at maturity depends on the ending value of the lowest performing Underlier and may be less than the face amount, potentially resulting in a loss of more than 50% or total loss. Pricing date: May 21, 2026; Issue date: May 27, 2026. These are unsecured obligations of Bank of Montreal and carry issuer credit risk.

Bank of Montreal (BMO) is offering Capped Leveraged Index Return Notes® due June 2028 linked to the State Street® SPDR® S&P® Regional Banking ETF (KRE). The notes pay based on the Ending Value of KRE versus the Starting Value, provide a 200% Participation Rate up to a capped return and include a 90% Threshold that preserves principal if the Ending Value stays at or above that level. The Capped Value is expected to be between $12.80 and $13.20 per unit (28.00%–32.00% return); the issuers initial estimated value is expected to be between $9.00 and $9.38 per unit. The public offering price is $10.00 per unit, with an underwriting discount of $0.20 and proceeds to BMO of $9.80 per unit. Payments are subject to BMOs credit risk and to the term sheets risks and tax considerations.

Bank of Montreal priced US$550,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons — linked to the common stock of Netflix, Inc. The notes pay a contingent coupon of 2.675% per quarter (~10.70% per annum) if observation conditions are met, have an Initial Level of $89.33, a Coupon/Trigger Level of $62.53 (70.00% of Initial Level), an automatic redemption feature beginning on May 25, 2027, and mature on May 31, 2029. The estimated initial value was $952.74 per $1,000 on the Pricing Date.

Bank of Montreal (BMO) priced US$504,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due May 29, 2029. The notes are linked to the least performing of the NASDAQ-100 Index (NDX), the XLU ETF and the XLY ETF. Pricing Date was May 20, 2026, settlement on May 26, 2026, and valuation date May 23, 2029.

The notes pay contingent monthly coupons of 0.7417% per month (~8.90% per annum) if each Reference Asset on an Observation Date is at or above its Coupon Barrier (70% of Initial Level). Automatic redemption occurs if, on an Observation Date starting Nov 24, 2026, each Reference Asset is at or above its Call Level (100% of Initial Level). At maturity, if a Trigger Event occurs (any Reference Asset below its Trigger Level, 70% of Initial Level), principal is reduced pro rata to the percentage change of the Least Performing Reference Asset.

Bank of Montreal (BMO) priced US$1,000,000 of Senior Medium‑Term Notes, Series K — Step Down Autocallable Barrier Notes due May 29, 2029 — linked to the least performing of MDT, VST and AXON. The notes pay scheduled automatic redemption amounts on specified Observation Dates if each Reference Asset meets its Call Level, otherwise the maturity payoff depends on the Least Performing Reference Asset and may return less than principal if a Trigger Event occurs. The pricing date was May 20, 2026 and the issuer’s estimated initial value was $972.00 per $1,000 principal. The notes are unsecured obligations of BMO; investors receive cash only at maturity.

Bank of Montreal priced US$1,000,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due May 22, 2029. The notes are linked to the least performing of Medtronic public limited company (MDT), Vistra Corp. (VST) and Axon Enterprise, Inc. (AXON) and were priced on May 20, 2026 with a settlement date of May 22, 2026.

The notes pay a contingent monthly coupon of 2.3333% per month (~28.00% per annum) when each reference asset on a Coupon Observation Date is at or above its Coupon Barrier Level (60% of Initial Level). They are subject to automatic redemption beginning on November 18, 2026 if each Reference Asset is at or above its Call Level (100% of Initial Level). At maturity, if not autocalled, repayment depends on the Percentage Change of the Least Performing Reference Asset and may be less than principal if a Trigger Event (Final Level below the 50% Trigger Level) occurs.

Bank of Montreal priced US$3,378,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons — on May 20, 2026, linked to the least performing of GOOG, AVGO and PLTR. Settlement is May 26, 2026 and maturity is May 31, 2029. The notes pay a Contingent Interest Rate of 4.725% per quarter (approximately 18.90% per annum) when each reference asset meets its 50% Coupon Barrier on observation dates and feature a Memory Coupon. The notes are automatically redeemable beginning on May 25, 2027 if each Reference Asset equals or exceeds its Call Level (100% of initial levels). At maturity, if a Trigger Event occurred (the Least Performing Reference Asset is below its 50% Trigger Level on the Valuation Date), repayment equals $1,000 x (1 + Percentage Change of the Least Performing Reference Asset), which may be less than principal. The estimated initial value on the Pricing Date was $941.98 per $1,000 principal amount.

Bank of Montreal is offering US$1,405,000 aggregate principal of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Memory Coupons due May 31, 2029. The notes are linked to the least performing of the common stocks of Johnson & Johnson, AbbVie and Eli Lilly. They pay contingent monthly coupons of 1.1875% per month (≈ 14.25% per annum) when each reference asset is at or above a coupon barrier. Coupon Barrier and Trigger Levels are set at 60.00% of each Initial Level. The notes are callable by the issuer beginning November 24, 2026. If a Trigger Event occurs (a Reference Asset’s Final Level is below its Trigger Level on the Valuation Date), principal repayment at maturity will be reduced by the percentage decline of the least performing reference asset. The Pricing Date was May 20, 2026, Settlement Date May 26, 2026, and Valuation Date May 25, 2029. The estimated initial value on the Pricing Date was $965.18 per $1,000. The public offering price is generally 100% of principal amount (with certain accounts between $997.50 and $1,000 per $1,000).

Bank of Montreal (BMO) priced US$1,682,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to Conagra Brands, Inc. (CAG). Pricing Date was May 20, 2026, settlement May 26, 2026, valuation June 23, 2027, and maturity June 28, 2027. The notes pay a contingent coupon of 1.2275% per month (≈14.73% per annum) when the Reference Asset closes at or above a coupon barrier of $9.63 (70.00% of the Initial Level). Beginning November 24, 2026, the notes may be automatically redeemed if the Reference Asset closes at or above the Call Level on an Observation Date. At maturity, if the Final Level is below the Trigger Level ($9.63), holders receive a cash amount equal to $1,000 × Percentage Change plus principal adjustment, which may result in losses down to zero. The estimated initial value at issuance was $941.71 per $1,000 principal and the public offering price was 100% of principal (agent’s commission 2.15%).

Bank of Montreal priced a $435,000 issuance of Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to the ordinary shares of Spotify Technology S.A. The notes were priced on May 20, 2026, settle on May 26, 2026 and mature on May 26, 2028. The notes pay specified Call Amounts beginning on May 26, 2027 if the Reference Asset closes at or above its Call Level (100.00% of the Initial Level). The Trigger Level is $259.99 (60.00% of the Initial Level); a Trigger Event (Final Level below the Trigger Level on the Valuation Date) causes a potential reduced cash payment at maturity equal to $1,000 plus the Percentage Change. The pricing supplement states an estimated initial value of $962.19 per $1,000 principal and shows the public offering price at 100% with an agent commission of 0.80% ($3,480) and proceeds to BMO of $431,520. Terms are subject to anti‑dilution adjustments, market disruption definitions, and the detailed risk disclosures referenced in the product and prospectus supplements.

Bank of Montreal priced US$580,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the Class B common stock of NIKE, Inc. The notes pay a contingent monthly coupon of 1.1417% per month (approximately 13.70% per annum) if the Reference Asset meets the coupon barrier on observation dates and mature on May 29, 2029.

The notes have an Initial Level of $44.19, a Coupon Barrier/Trigger Level of $26.51 (60.00% of Initial Level), and an automatic redemption feature if the Reference Asset closes at or above the Call Level (100% of Initial Level) on call observation dates. Pricing date was May 20, 2026 with settlement on May 26, 2026. The document states an estimated initial value of $953.43 per $1,000 and a public offering price of 100% with an agent commission of 2.50%.

Bank of Montreal priced a $500,000 issuance of Senior Medium-Term Notes, Series K: Step Down Autocallable Barrier Notes linked to the least performing of Alphabet Inc. Class C (GOOG) and Eli Lilly & Co. (LLY). The Pricing Date: May 20, 2026, Maturity Date: May 29, 2029. Automatic redemption can occur on observation dates beginning November 23, 2026; the disclosed Call Amounts represent a return of approximately 11.00% per annum. Trigger Levels are set at 50.00% of each Initial Level ($192.45 for GOOG; $509.44 for LLY). If not called, payment at maturity depends on the Least Performing Reference Asset and may result in physical delivery or cash equal to the Physical Delivery Amount. The estimated initial value on the Pricing Date was $952.74 per $1,000 in principal.

Bank of Montreal is offering senior medium-term, equity-linked notes with a face amount of $1,000 per security that mature on June 8, 2027. The notes are linked to the lowest performing common stock of Dollar General, The Home Depot and Tractor Supply.

If the lowest performing Underlier’s ending value is greater than or equal to its threshold (70% of starting value), each note will pay the face amount plus a contingent fixed return to be set on the pricing date, which will be at least 31.60% (at least $316.00 per security). If that Underlier falls below its threshold, holders have full downside exposure and may lose more than 30%, possibly all, of the face amount. The preliminary estimated initial value is $959.20 per security (not less than $910.00 at pricing); original offering price is $1,000 per security.

Bank of Montreal priced $465,000 of Senior Medium‑Term Notes, Series K, redeemable fixed‑rate notes due May 27, 2031. The Notes bear interest at 4.80% per annum, pay semi‑annually, were issued on May 27, 2026 at $1,000 per Note and have an original issue price of $1,000.00 per Note.

The Notes are redeemable by the Bank on semi‑annual Optional Redemption Dates between May 27, 2027 and November 27, 2030 at 100% of principal plus accrued interest. They are bail‑inable under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act and may be converted into common shares of the Bank of Montreal under that regime.

Bank of Montreal is offering $65,000 aggregate principal amount of Senior Medium-Term Notes, Series K, in $1,000 denominations with a stated maturity of May 13, 2031 and an interest rate of 4.65% per annum. The Notes pay interest semi‑annually on May 26 and November 26, commence November 26, 2026, and are redeemable in whole (but not in part) on semi‑annual Optional Redemption Dates at 100% of principal plus accrued interest. The Notes are unsecured obligations of Bank of Montreal, are bail‑inable under the Canada Deposit Insurance Corporation Act and may be converted into common shares under subsection 39.2(2.3) of the CDIC Act. Original issue price is $1,000 per Note (underwriting discount $10 per Note, proceeds to issuer $990 per Note).

Bank of Montreal offers $88,000 of Senior Medium-Term Notes, Series K — Redeemable Fixed Rate Notes due May 13, 2033. The Notes pay 4.83% per annum on a $1,000 denomination, pay interest semi‑annually and are redeemable in whole by the Bank on semi‑annual optional redemption dates.

The Notes are unsecured, bail-inable under the CDIC Act, not listed on any exchange, and carry credit risk of Bank of Montreal. Original issue price per Note is $1,000; underwriting discount is $12 per Note.

Bank of Montreal is offering $1,500,000 of Senior Medium-Term Notes, Series K — Redeemable Fixed Rate Notes due May 27, 2031. The Notes pay interest at 5.00% per annum, payable semi‑annually, have a $1,000 principal amount per Note and are redeemable in whole by the Bank on semi‑annual optional redemption dates.

The Notes are unsecured, not listed, and are bail-inable under the Canada Deposit Insurance Corporation Act; holders consent to conversion into common shares under that regime. Original issue price was $1,000.00 per Note; underwriting discount was $2.00 per Note.

Bank of Montreal offers $100,000 of $1,000 Principal Amount Senior Medium‑Term Notes, Series K, due May 27, 2031. The Notes pay 4.75% per annum semi‑annually, are redeemable by the Bank on specified semi‑annual Optional Redemption Dates beginning May 27, 2028, and are bail‑inable under the Canada Deposit Insurance Corporation Act.

The Notes are unsecured obligations, sold at an original issue price of $1,000.00 per Note with an underwriting discount of $7.50 per Note; proceeds to the Bank total $99,250.00. The Notes will not be listed on any securities exchange.