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 is offering equity index linked senior medium-term notes linked to the Russell 2000® Index with a stated maturity date of May 4, 2028. Each $1,000 face amount security was offered at $1,000 with an estimated initial value of $975.00.
At maturity the payment is: (a) $1,000 plus a leveraged upside (200% participation) limited by a maximum return of 28.25% (capped at $1,282.50); (b) $1,000 if the ending value falls between the starting value and the 90% threshold; or (c) a reduced principal amount if the ending value is below the 90% threshold (10% buffered downside, with up to 90% principal loss possible).
The Bank of Montreal priced Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside Principal at Risk linked to the lowest performing common stock of AMD, Broadcom and Microsoft, with a face amount of $1,000 and a stated maturity of May 3, 2029. The contingent coupon rate is 24.75% per annum (paid quarterly if conditions are met) and the initial offering price is $1,000 per security; the issuer's estimated initial value was $946.86 per security on the pricing date. Automatic call occurs on a calculation day if the lowest performing Underlier is at or above its starting value; if not called, principal at maturity depends on the lowest performing Underlier versus a downside threshold equal to 60% of its starting value, exposing investors to up to a full loss of principal.
Bank of Montreal (BMO) is offering Market Linked Securities—Senior Medium-Term Notes, Series K—equity index linked securities tied to the Nasdaq-100 Index® with a stated maturity date of May 4, 2028. Each security has a face amount of $1,000, an estimated initial value of $971.28, an original offering price of $1,000, a 10% buffer and 200% upside participation up to a maximum return of 24.70% ($247). If the ending value of the Underlier is below the threshold (90% of the starting value), investors have 1-to-1 downside beyond the buffer and could lose up to 90% of face amount. The calculation day is May 1, 2028 and the calculation agent is BMO Capital Markets Corp.
Bank of Montreal offers Market Linked Notes due November 1, 2029. These are unsecured, equity index‑linked notes with a principal amount of $1,000 per note and an estimated initial value of $959.00 per note on the pricing date. Investors receive at maturity either principal or principal plus an indexed upside return capped at a maximum return of 27.90% ($279.00) (100% upside participation up to the cap). The basket is equally weighted: S&P 500® (50%) and EURO STOXX 50® (50%); the calculation day is October 29, 2029 and the stated maturity is November 1, 2029, each subject to postponement.
The notes do not pay interest, are subject to Bank of Montreal credit risk, are not FDIC/Canada Deposit Insurance Corporation insured, and may be treated as contingent payment debt instruments for U.S. tax purposes (comparable yield 4.651%, projected payment $1,174.152). Secondary market liquidity is limited and the offering includes an agent discount of $33.25 per note.
Bank of Montreal is offering Senior Medium-Term Notes, Series K: fixed-rate, bail-inable debt with a 5.00% per annum interest rate and a stated maturity of May 18, 2033. The Notes are issued at $1,000 per Note, pay semiannual interest, and are redeemable by the issuer on semiannual Optional Redemption Dates beginning November 18, 2027 at 100% of principal plus accrued interest. The Notes are unsecured, will not be listed, and are subject to conversion under Canadian bail-in powers (CDIC Act). The original issue price shows an underwriting discount of $15 per Note and proceeds to Bank of Montreal of $985 per Note.
Bank of Montreal priced US$124,000 Senior Medium-Term Notes, Series K: autocallable, barrier-enhanced return notes linked to the Class A common stock of Palantir Technologies Inc.
The notes pay no interest, carry a 150.00% Upside Leverage Factor, have an Initial Level of $141.18, a Barrier Level of $84.71 (60.00% of Initial Level), a potential automatic redemption on May 03, 2027 with a Call Amount of $240.00 per $1,000 (≈ 24.00% per annum), a Valuation Date of April 26, 2029 and Maturity on May 01, 2029. All payments are subject to the credit risk of Bank of Montreal.
Bank of Montreal priced US$138,000 Senior Medium-Term Notes, Series K: Autocallable Barrier Enhanced Return Notes linked to CoreWeave Class A common stock due May 01, 2029. The notes offer 150.00% upside leverage on any appreciation if not auto‑redeemed, are non‑interest bearing and unsecured.
The notes will be automatically redeemed on May 03, 2027 if the Reference Asset closes above its Call Level; on redemption investors receive principal plus a $455.00 Call Amount per $1,000 principal (approximately 45.50% per annum). If not redeemed and the Final Level is below the Barrier Level of $52.77 (which is 50.00% of the Initial Level $105.53), investors lose 1% of principal for each 1% decline and may lose up to 100% of principal at maturity.
Bank of Montreal is offering US$1,000,000 in Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes linked to the shares of the iShares® MSCI EAFE ETF. The notes offer 150.00% leveraged upside exposure subject to a Maximum Redemption Amount of $1,256.50 per $1,000 and provide a 10.00% buffer against declines in the Reference Asset; if the Reference Asset falls more than 10.00% from its Initial Level, investors lose 1% of principal for each 1% decline beyond the buffer, up to a potential loss of 90.00% of principal. The notes pay no interest, are unsecured obligations of Bank of Montreal, carry issuer credit risk, will be cash-settled at maturity on May 01, 2028, and were priced on April 28, 2026.
Bank of Montreal priced a US$40,000 offering of Senior Medium-Term Autocallable Barrier Notes (Series K) linked to Robinhood Markets, Inc. Class A common stock (ticker HOOD). The notes pay a contingent monthly coupon of 2.70% (approximately 32.40% per annum) if the Reference Asset meets the coupon barrier on observation dates and may autocall beginning July 28, 2026.
At maturity (October 30, 2026), if no autocall occurs and the Final Level is below the trigger level $53.35 (65.00% of Initial Level), holders may receive a reduced Physical Delivery Amount of shares (or cash at issuer election). The public offering price is listed at 100% ($1,000 per $1,000) and the issuer's estimated initial value was $976.82 per $1,000.
Bank of Montreal is offering US$3,345,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the Class A common stock of Alphabet Inc. (GOOGL). The notes priced on April 28, 2026, settle on May 1, 2026 and mature on May 1, 2029. Coupons are 3.075% per quarter (about 12.30% per annum) payable only if the Reference Asset on each Observation Date is at or above the Coupon Barrier Level. Notes are callable early if the Reference Asset closes at or above the Call Level on an Observation Date; if not called, principal repayment at maturity depends on the Final Level versus the Trigger Level (both set at $244.85, equal to 70.00% of the Initial Level). Estimated initial value was $970.25 per $1,000.
Bank of Montreal priced US$1,032,000 of Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes on April 28, 2026, with settlement on May 01, 2026 and maturity on May 01, 2031. The notes pay a contingent coupon of 0.925% per month (~11.10% per annum) when each reference asset closes at or above its 70.00% Coupon Barrier on an Observation Date, and include a Memory Coupon feature for previously unpaid coupons.
The notes reference XLE, XLU and SMH. An automatic redemption can occur beginning April 28, 2027 if each Reference Asset closes at or above 100% of its Initial Level on an Observation Date. At maturity, if any Reference Asset’s Final Level is below its Trigger Level (60.00% of Initial Level), the cash payment will be $1,000 plus the Percentage Change of the Least Performing Reference Asset, which could be less than principal. The estimated initial value on the Pricing Date was $925.91 per $1,000.
Bank of Montreal priced US$600,000 Senior Medium‑Term Notes, Series K—Autocallable Barrier Notes—linked to the least performing of the common stock of Costco Wholesale Corporation (COST) and Target Corporation (TGT). The Pricing Date is April 28, 2026, Settlement Date is May 01, 2026, and Maturity/Valuation Dates are May 01, 2029 and April 26, 2029, respectively.
Notes pay a contingent coupon of 0.7083% per month (approximately 8.50% per annum) when each Reference Asset on an Observation Date is ≥ its Coupon Barrier Level. Beginning October 28, 2026, the notes auto‑redeem if each Reference Asset closes above its Call Level on an Observation Date. At maturity, if a Trigger Event occurs (Final Level of any Reference Asset < its Trigger Level, 60.00% of Initial Level), repayment is reduced pro rata by the Percentage Change of the least performing Reference Asset. The estimated initial value was $945.36 per $1,000 principal; public offering price to most investors is $1,000 per $1,000 with an agent commission of 4.00%.
Bank of Montreal priced US$4,548,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Celestica Inc. common shares (ticker CLS). The notes pay a contingent coupon of 2.5417% per month if the Reference Asset meets the Coupon Barrier on monthly Observation Dates and mature on November 01, 2027 if not called. The Initial Level is $361.54; the Coupon Barrier is $216.92 (60%); the Trigger Level is $180.77 (50%). Payment at maturity is cash only and depends on the Final Level relative to the Trigger Level. The estimated initial value was $957.92 per $1,000 on the Pricing Date.
Bank of Montreal priced US$2,508,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000. The notes pay a contingent coupon of 0.75% per month (approximately 9.00% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier Level, and they may be automatically redeemed beginning on October 27, 2026 if each Reference Asset closes at or above its Call Level. If not autocalled, maturity is March 30, 2029, with the principal repayment tied to the performance of the Least Performing Reference Asset; a Trigger Event occurs if any Final Level is below its Trigger Level, in which case the maturity payment equals $1,000 plus the Percentage Change of the Least Performing Reference Asset, which may be less than principal and could be zero. The estimated initial value on the Pricing Date was $963.98 per $1,000 in principal amount. Pricing Date was April 28, 2026 and settlement was April 30, 2026.
Bank of Montreal (BMO) priced a US$712,000 offering of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the Class A ordinary shares of On Holding AG (ticker ONON). The notes pay contingent quarterly coupons of 3.60% per quarter (≈14.40% per annum) when the Reference Asset on an Observation Date is at or above a Coupon Barrier (50.00% of the Initial Level). The Initial Level is $35.43, the Trigger Level is $17.72, the Call Level is 100.00% of the Initial Level, and the notes mature on April 30, 2029. If not autocalled, principal repayment at maturity depends on the Final Level; a Trigger Event (Final Level below the Trigger Level) reduces the cash repayment pro rata. Estimated initial value was $967.09 per $1,000.
Bank of Montreal (BMO) priced US$385,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes due May 01, 2029 linked to the least performing share of Amazon.com, Inc. (AMZN) and Alphabet Inc. Class A (GOOGL). The notes pay contingent quarterly coupons of 2.725% (≈10.90% per annum) if each Reference Asset on an Observation Date is ≥ its Coupon Barrier Level.
If, on any Observation Date beginning October 28, 2026, both Reference Assets are at or above their Call Levels, the notes will be automatically redeemed and holders receive principal plus the contingent coupon otherwise due. If not called, maturity payment depends on the performance of the least performing Reference Asset; a Trigger Event occurs if the Final Level is below the Trigger Level (each Trigger Level = 60.00% of the Initial Level), which would reduce principal at maturity proportionally.
Bank of Montreal priced US$2,386,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due May 01, 2029. The notes are linked to the least performing of Costco Wholesale Corporation (COST) and Alphabet Inc. Class A (GOOGL), pay contingent quarterly coupons of 2.375% per quarter (≈ 9.50% per annum) if each reference asset on an Observation Date is ≥ its Coupon Barrier Level, and feature an automatic redemption if both references are ≥ their Call Level on an Observation Date.
If not autocalled, at maturity investors receive $1,000 per $1,000 principal unless a Trigger Event occurred; if a Trigger Event occurs the maturity payment equals $1,000 plus the Percentage Change of the Least Performing Reference Asset, which may be less than principal. The estimated initial value on the Pricing Date was $972.69 per $1,000.
Bank of Montreal (BMO) prices US$1,435,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the MerQube US Tech+ Vol Advantage Index (MQUSTVA). The notes price at 100% with a 5.00% agent commission and an estimated initial value of $916.79 per $1,000.
The notes settle April 30, 2026 and mature May 01, 2031. They pay quarterly contingent coupons of 2.775% per quarter (approximately 11.10% per annum) if the Reference Asset closes at or above a Coupon Barrier Level on each Observation Date. The notes are autocallable beginning April 28, 2027 if the Reference Asset is at or above its Call Level; if not autocalled, payment at maturity depends on the Final Level relative to the Trigger Level (50% of the Initial Level), and may result in partial or zero principal repayment.
Bank of Montreal (issuer) is offering US$1,000,000 aggregate principal of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons — linked to the common stock of QXO, Inc. The notes pay a contingent coupon of 3.50% per quarter (approximately 14.00% per year) when the Reference Asset closes at or above the Coupon Barrier Level of $9.81 (50.00% of the Initial Level). The Initial Level is $19.61. The notes may be automatically redeemed if the Reference Asset closes at or above the Call Level ($19.61) on an Observation Date, beginning October 27, 2026. If not called, maturity is April 30, 2029, and principal repayment depends on the Final Level versus the Trigger Level ($9.81); a Trigger Event (Final Level below Trigger Level) can reduce the principal received at maturity. The estimated initial value on the Pricing Date was $956.86 per $1,000.
Bank of Montreal priced US$606,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of Lattice Semiconductor Corporation. The notes pay a quarterly Coupon of 2.95% (approximately 11.80% per annum), have an Initial Level of $113.91, a Trigger Level of $56.96 (50.00% of Initial Level) and mature on April 30, 2029. Beginning on October 27, 2026, the notes will be automatically redeemed on a Call Observation Date if the Reference Asset closes above its Call Level; if not called, maturity payment is cash and depends on the Final Level on the Valuation Date. The estimated initial value on the Pricing Date was $959.39 per $1,000 in principal amount.
Bank of Montreal priced US$2,014,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Williams‑Sonoma, Inc. (WSM). The notes priced on April 28, 2026, settle April 30, 2026 and mature April 30, 2029. They pay a contingent quarterly coupon of 2.95% (≈11.80% per annum) when the Reference Asset meets the Coupon Barrier Level of $93.70 (50.00% of the Initial Level). The notes are automatically redeemable if the Reference Asset closes at or above the Call Level (100% of Initial Level) on an Observation Date; at maturity investors receive cash tied to the Final Level and may incur principal loss if a Trigger Event occurs (Final Level < $93.70). The estimated initial value on the Pricing Date was $964.11 per $1,000.
Bank of Montreal priced US$2,592,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®.
The notes pay a 1.875% per quarter contingent coupon (about 7.50% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier Level (60.00% of the Initial Level). The notes may be automatically redeemed beginning on October 27, 2026 if each reference asset closes at or above its Call Level (100% of Initial Level) on an Observation Date. At maturity on April 30, 2029, if not called, the payment depends on the percentage change of the least performing reference asset and may result in a principal loss if a Trigger Event occurs (Final Level below the Trigger Level, equal to 60.00% of Initial Level).
The estimated initial value on the Pricing Date was $969.42 per $1,000 principal; public offering price to investors was between $975 and $1,000 per $1,000. The notes are unsecured obligations of Bank of Montreal, not FDIC- or CDIC-insured.
Bank of Montreal is pricing Senior Medium-Term Notes, Series K, Redeemable Fixed Rate Notes due May 14, 2031. The notes are issued at $1,000 per note with an interest rate of 5.00% per annum, semi-annual interest payments beginning November 14, 2026, and an Issue Date of May 14, 2026. The notes are redeemable at the issuer's option on semi-annual Optional Redemption Dates commencing May 14, 2027 at 100% of principal plus accrued interest. The original issue price is $1,000.00 with an underwriting discount of $15.00, leaving proceeds to Bank of Montreal of $985.00 per note. The notes are unsecured, not listed, and are bail-inable under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act, which permits conversion into common shares under the Canadian bail-in regime.
Bank of Montreal is offering structured, cash‑settled notes linked to the MSCI EAFE Index with a stated maturity of June 23, 2028 (subject to postponement). Each note has a $1,000 principal amount and a capped upside: a 160% upside participation rate up to a $1,342.08 maximum settlement per note.
If the final index level is at or above the cap level, investors receive the maximum settlement amount. If the final index level is between the initial level and the cap, holders receive principal plus 160% of the index return (subject to the cap). If the final index level is at or above the buffer level (85.00% of the initial level) but not higher than the initial level, holders receive principal. If below the buffer level, holders incur a downside loss equal to approximately 1.1765% of principal for every 1.00% decline below the buffer. The estimated initial value on the trade date was $990.89 per $1,000 note. Total original issue proceeds shown equal $2,413,000.00.
Bank of Montreal is pricing Senior Medium-Term Notes, Series K, redeemable fixed-rate notes due May 14, 2036. Each Note has a principal amount of $1,000 per Note, a fixed interest rate of 5.25% per annum paid semi‑annually, and pays $1,000 at maturity unless redeemed earlier. The Notes are redeemable in whole on semi‑annual Optional Redemption Dates at 100% of principal plus accrued interest. The original issue price per Note is $1,000.00 with an underwriting discount of $20.00, leaving proceeds to Bank of Montreal of $980.00 per Note. The Notes are bail‑inable and subject to possible conversion into common shares under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act.
Bank of Montreal (BMO) priced US$807,000 of Senior Medium-Term Notes, Series K: Capped Buffer Enhanced Return Notes due April 28, 2028, linked to the S&P 500® Index. The notes offer 150.00% upside participation subject to a $1,165.00 Maximum Redemption Amount per $1,000 principal. If the index declines by more than the 20.00% buffer from the Initial Level (4/27/2026 close: 7,173.91), investors incur a dollar-for-dollar loss beyond that buffer, up to 80.00% of principal. The initial estimated value was $974.21 per $1,000. All payments are subject to BMO credit risk; the notes are unsecured, non-interest-bearing, and will not be listed.
Bank of Montreal is offering Capped Buffer GEARS, senior unsecured notes linked to the S&P 500® Index maturing May 2, 2028. Each $10 security returns $10 plus an upside payment if the index gains (subject to a 24.50% Maximum Gain and 2.0 Upside Gearing). If the S&P 500 falls below a 90% Downside Threshold (a 10% Buffer), investors suffer 1:1 losses beyond the Buffer. The offering size is $5,900,100 and the estimated initial value per security was $9.97 on the Trade Date. Payments depend on the Final Valuation Date and are subject to Bank of Montreal credit risk and U.S. federal income tax uncertainty.
Bank of Montreal priced a US$1,804,000 issuance of Senior Medium‑Term Notes, Series K: Capped Contingent Risk Absolute Return Buffer Notes linked to the S&P 500® Index due April 30, 2031. The notes provide 175.00% upside and downside leverage subject to a Maximum Redemption Amount of $1,450.00 per $1,000 and a Buffer Level of 80.00% (5,739.13) of the Initial Level (Initial Level: 7,173.91).
The structure pays no interest and offers a leveraged positive return if the index rises or falls within the buffer, capped at specified maximums; if the Final Level is below the Buffer Level, holders lose 1% of principal for each 1% decline beyond the 20.00% buffer, with potential principal loss up to 80.00%. Payments at maturity are unsecured obligations of Bank of Montreal and all payments are subject to the Bank’s credit risk.
Bank of Montreal is issuing US$4,836,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes due April 30, 2029. The notes offer 175.00% upside leverage to the least performing of the Dow Jones Industrial Average®, NASDAQ-100® and Russell 2000®.
The notes can be automatically redeemed on May 03, 2027 if each reference asset closes above its Call Level (100% of Initial Level); automatic redemption pays principal plus a Call Amount of $197.50 per $1,000 (about 19.75% per annum). If not called, maturity payoff depends on the Least Performing Reference Asset: no additional return if the Least Performing final level is between the Initial Level and the Barrier (70%); full downside exposure below the Barrier (lose 1% of principal per 1% decline). The public offering price is 100% and the issuer’s estimated initial value is $969.27 per $1,000.
Bank of Montreal (BMO) priced US$978,000 aggregate principal of Senior Medium-Term Notes, Series K — Buffer Enhanced Return Notes due April 30, 2031 linked to the S&P 500® Futures Excess Return Index. The notes provide 160.00% upside leverage on positive index performance but include an 80.00% downside exposure beyond a 20.00% buffer. If the Reference Asset falls more than 20.00% from its Initial Level, investors lose 1% of principal for each 1% decline beyond the buffer, with up to an 80.00% principal loss at maturity. The notes pay no interest, are unsecured obligations of BMO, are not exchange-listed, and were issued in minimum $1,000 denominations. Price to public equaled 100% of principal; estimated initial value was $932.07 per $1,000. Settlement is April 30, 2026, valuation date is April 25, 2031, and final payment depends on the Final Level on the valuation date.
Bank of Montreal (BMO) priced US$830,000 of Senior Medium-Term Market Linked Notes, Series K, due April 30, 2029, linked to the least performing of the NASDAQ-100 Index and the Dow Jones Industrial Average. The notes pay no interest and provide 100% upside exposure capped at a 24.00% Maximum Return, producing a $1,240.00 Maximum Redemption Amount per $1,000 principal. If the Least Performing Reference Asset falls or is flat at maturity, investors receive only principal. All payments are subject to BMO credit risk; estimated initial value was $971.22 per $1,000.
Bank of Montreal (BMO) priced US$277,000 of Senior Medium-Term Notes, Series K — Autocallable Buffer Enhanced Return Notes due April 30, 2031, linked to the S&P 500® Futures Excess Return Index. The notes offer 150.00% upside leverage on any appreciation if not auto‑redeemed, a 20.00% buffer against losses at maturity and an automatic redemption trigger on April 26, 2028 that would pay a $225 Call Amount per $1,000 (about 11.25% per annum). If not auto‑redeemed and the Reference Asset falls below the Buffer Level (80.00% of the Initial Level), investors lose 1% of principal for each 1% decline beyond the 20.00% buffer, up to an 80.00% loss. Notes do not pay interest, are unsecured obligations of BMO, and all payments are subject to BMO credit risk.
Bank of Montreal priced US$1,873,000 of Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes linked to the S&P 500® Index. The notes mature on April 28, 2028 and settle on April 30, 2026. The notes offer a 150.00% Upside Leverage Factor on any appreciation in the Reference Asset but the payment at maturity is capped at a Maximum Redemption Amount of $1,235.00 per $1,000 (a 23.50% maximum return). The notes provide a 15.00% buffer: if the Final Level is at or above 85.00% of the Initial Level you receive principal only; if the Final Level is below that Buffer Level you lose 1% of principal for each 1% decline beyond the 15.00% buffer, up to an 85.00% principal loss. The public offering price was 100% (price to public) and the initial estimated value was $996.69 per $1,000. All payments are subject to the credit risk of Bank of Montreal and the notes will not be listed on any securities exchange.
Bank of Montreal priced US$435,000 of Senior Medium-Term Notes, Series K: Digital Return Barrier Notes due March 31, 2028, linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000. The notes offer a 20.00% fixed Digital Return if the Least Performing Reference Asset finishes at or above 70.00% of its April 27, 2026 initial level; otherwise investors suffer a linear loss of principal equal to the Percentage Change of the Least Performing Reference Asset. The offering price was 100% of principal and the issuer's estimated initial value was $980.03 per $1,000 principal. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk.
Bank of Montreal (BMO) priced a US$374,000 issuance of Senior Medium-Term Notes, Series K — market linked notes due April 30, 2029 — linked to the least performing of the NASDAQ-100 Index and the VanEck® Semiconductor ETF.
The notes pay 1-to-1 upside participation (Upside Leverage Factor 100.00%) subject to a Maximum Redemption Amount of $1,215.00 per $1,000 (a 21.50% cap). If the least performing reference asset declines, investors receive only principal. All payments are subject to Bank of Montreal credit risk.
Bank of Montreal priced a US$60,000 issuance of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes due April 30, 2030, linked to the least performing of the Russell 2000® (RTY), the Dow Jones Industrial Average® (INDU) and the Nasdaq-100 Technology Sector Index (NDXT).
The notes pay predetermined Call Amounts on a series of Observation Dates beginning May 3, 2027, and, if not called, return principal at maturity unless a Trigger Event occurs; if a Trigger Event occurs the maturity payment equals $1,000 plus the Percentage Change of the least performing reference asset. The pricing supplement states an estimated initial value of $954.16 per $1,000 principal and a public offering price between $962.50 and $1,000 per $1,000 for certain advisory accounts.
Bank of Montreal (BMO) priced US$79,000 Senior Medium‑Term Market‑Linked Notes, Series K, due April 30, 2029, linked to the least performing of iShares MSCI EAFE ETF (EFA) and the EURO STOXX 50® Index (SX5E). The notes provide 100% upside exposure to the least performing Reference Asset, capped at a Maximum Redemption Amount of $1,265.00 per $1,000 (a 26.50% maximum return). If the Least Performing Reference Asset finishes below or equal to its Initial Level, investors receive only principal. The notes do not pay interest, are unsecured obligations of BMO, are not exchange‑listed, and carry BMO credit risk. The issuer’s estimated initial value was $957.43 per $1,000 on the Pricing Date.
Bank of Montreal priced US$1,323,000 of Senior Medium-Term Notes, Series K — market-linked notes due April 28, 2028 linked to the least performing of the S&P 500® and Russell 2000®.
The notes pay at maturity a leveraged (100%) 1-to-1 upside on the Least Performing Reference Asset capped by a Maximum Redemption Amount of $1,122.50 per $1,000 (12.25% maximum return). If the Least Performing Reference Asset falls or is flat at maturity, investors receive only principal. Pricing date was April 27, 2026; settlement is April 30, 2026; valuation date is April 25, 2028. The issuer’s estimated initial value was $972.41 per $1,000 and the public offering price was 100% of principal.
Bank of Montreal offers US$726,000 in Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to the S&P 500®, Russell 2000® and the Nasdaq‑100 Technology Sector. The notes price on April 27, 2026, settle April 30, 2026, and mature April 30, 2029. They pay scheduled automatic call amounts beginning May 3, 2027, that represent approximately 15.00% per annum if an Observation Date condition is met. If not called, maturity payment depends on the performance of the least performing Reference Asset and may return less than principal if a Trigger Event occurs (Final Level below 70.00% of Initial Level). The estimated initial value on the Pricing Date is $965.49 per $1,000 in principal amount.
Bank of Montreal priced US$1,488,000 Senior Medium-Term Notes, Series K — 1,000-denomination digital-return notes due May 28, 2027 linked to the Least Performing of the S&P 500® and Russell 2000®. The notes pay a Digital Return of 11.70% if the Least Performing Reference Asset’s Final Level is ≥100.00% of its Initial Level. If the Least Performing Reference Asset falls below its Barrier Level (70.00% of Initial Level), investors lose 1% of principal for each 1% decline; principal may be fully lost. Pricing Date was April 27, 2026, Valuation Date May 25, 2027. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk.
Bank of Montreal priced US$263,000 of Senior Medium-Term Notes, Series K—Autocallable Barrier Enhanced Return Notes due April 30, 2029, linked to the least performing of INDU, RTY and SPX. The notes offer a 200.00% Upside Leverage Factor if not auto‑redeemed and pay no interest. Beginning May 03, 2027, the notes may be automatically redeemed on observation dates if each reference asset closes above its Call Level; applicable Call Amounts are $110.00 and $220.00 per $1,000 on the listed observation dates. If not called and the Least Performing Reference Asset finishes below its Barrier Level (70.00% of Initial Level), investors lose 1% of principal for each 1% decline, potentially losing up to 100% of principal at maturity. The public offering price equals 100% (aggregate $263,000); the issuer’s estimated initial value was $938.00 per $1,000 on the pricing date.
Bank of Montreal priced a US$950,000 offering of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the S&P 500® Index, with a three‑year term maturing April 30, 2029. The notes are designed to provide 1:1 upside exposure if not auto‑redeemed; they do not pay interest and may be automatically redeemed on May 3, 2027 if the Reference Asset closes above its Call Level, producing a per‑note Call Amount of $80.00 (approximately 8.00% per annum). If not called, payoff at maturity depends on the Final Level relative to the Initial Level (Initial Level: 7,173.91); a Barrier Level at 75.00% (Barrier: 5,380.43) means investors can lose principal dollar‑for‑dollar below the barrier. The notes are unsecured obligations of Bank of Montreal, sold in minimum denominations of $1,000, not exchange‑listed, and subject to the issuer’s credit risk.
Bank of Montreal priced $738,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of the S&P 500®, Russell 2000® and the Dow Jones Industrial Average®. The Pricing Date is April 27, 2026, Settlement Date April 30, 2026 and Maturity Date April 30, 2029 (Valuation Date April 25, 2029). The notes pay a Contingent Coupon of 0.6458% per month (approximately 7.75% per annum) when each Reference Asset is at or above its Coupon Barrier Level on an Observation Date and are subject to automatic redemption beginning on April 27, 2027 if all Reference Assets are at or above their Call Levels. The public offering price was 100% of principal, the estimated initial value was $952.60 per $1,000, and the notes are unsecured obligations of Bank of Montreal.
Bank of Montreal priced a US$1,017,000 offering of Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the least performing of the VanEck® Semiconductor ETF (SMH) and the Dow Jones Industrial Average® (INDU). The notes pay a contingent coupon of 1.025% per month (approximately 12.30% per annum) if each reference asset on observation dates is at or above a coupon barrier equal to $354.38 for SMH and 34,417.45 for INDU (each 70.00% of its initial level). The notes are callable beginning on April 27, 2027; if not called, final payment at maturity depends on the performance of the least performing reference asset and may be less than principal. The estimated initial value on the pricing date was $951.33 per $1,000 principal amount.
Bank of Montreal is offering US$4,801,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes due April 30, 2031. The notes pay no interest, are linked to the least performing of the Dow Jones Industrial Average and the S&P 500, and can be automatically redeemed beginning May 3, 2027 if both indices close above their call levels on an Observation Date. If automatically redeemed, holders receive principal plus a Call Amount (examples shown: $110.00 on May 6, 2027; $220.00 on May 1, 2028). If not redeemed, maturity payment depends on the Least Performing Reference Asset: full participation to the upside at a 100.00% Upside Leverage Factor if that asset finishes at or above its Initial Level; return of principal only if the Least Performing Reference Asset finishes between its Barrier Level (70.00% of Initial Level) and Initial Level; and a linear loss of principal if the Final Level is below the Barrier Level, with up to a 100% loss.
Bank of Montreal priced US$2,738,000 of Senior Medium‑Term Notes, Series K — Capped Buffer Enhanced Return Notes due October 29, 2027 — linked to the S&P 500® Index. The notes offer 150.00% upside leverage with a Maximum Redemption Amount of $1,100.00 per $1,000 principal. Investors receive principal back at maturity only if the index does not fall more than the 20.00% buffer; declines beyond the buffer reduce principal dollar‑for‑dollar (up to an 80.00% loss). The notes pay no interest, are unsecured obligations of BMO, and all payments are subject to the credit risk of Bank of Montreal. The issuer’s estimated initial value was $969.50 per $1,000 principal and the public offering price was 100% of principal.
Bank of Montreal priced a preliminary offering of Senior Medium-Term Notes, Series K — equity-linked, auto-callable securities linked to the lowest performing common stock of lululemon (LULU), ServiceNow (NOW) and Tesla (TSLA). The original offering price is $1,000 per security; the issuer's estimated initial value on the pricing date was $969.10 per security (not less than $920.00). The contingent coupon rate will be set on the pricing date and will be at least 25.80% per annum. Pricing date is April 30, 2026, issue date is May 5, 2026, and stated maturity is May 3, 2029. Payments and principal protection depend on the lowest performing Underlier; securities are unsecured obligations of Bank of Montreal and are subject to its credit risk. This is a preliminary pricing supplement and not an offer to sell.
Bank of Montreal prices US$606,000 aggregate principal of Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes due April 30, 2029. The notes reference the least performing of the S&P 500® and the NASDAQ-100® and offer 200.00% upside participation capped at a Maximum Redemption Amount of $1,320.00 per $1,000 (a 32.00% cap). If the least performing reference asset falls more than 15.00% below its Initial Level, investors lose 1% of principal for each 1% decline beyond the 15.00% buffer, with possible principal loss up to 85.00%. The notes do not pay interest, are unsecured obligations of the Bank, will not be listed, and are subject to Bank of Montreal credit risk. The initial estimated value shown is $949.47 per $1,000.
Bank of Montreal (BMO) proposes an offering of Accelerated Return Notes® linked to the Russell 2000® Index due July 2027. Each unit has a $10 principal amount and a Participation Rate of 300% with an issuer-determined Capped Value expected between $11.65 and $12.05 per unit. The term is approximately 14 months and the notes are senior unsecured obligations of BMO, subject to BMO credit risk. The initial estimated value is indicated between $9.22 and $9.52 per unit; the public offering price is $10.00 per unit, which includes an underwriting discount of $0.175 and a hedging-related charge of $0.05 per unit. Payments at maturity depend on the average Ending Value of the Russell 2000® during the Maturity Valuation Period and are capped at the Capped Value; losses of principal occur if the Ending Value is below the Starting Value.
Bank of Montreal priced US$2,911,000 of Senior Medium-Term Notes, Series K: Digital Return Barrier Notes due July 30, 2027. The notes pay a 9.75% Digital Return at maturity if the least performing of the S&P 500, Russell 2000 and the Dow Jones Industrial Average finishes at or above 65.00% of its April 27, 2026 Initial Level. If the Least Performing Reference Asset falls below the 65.00% Barrier, investors lose 1% of principal for each 1% decline; loss of up to 100% of principal is possible. The notes are unsecured, non‑interest bearing, not listed, carry Bank of Montreal credit risk, and were offered at 100% of principal with an estimated initial value of $980.33 per $1,000.