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 (BMO) priced a primary offering of US$1,422,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of NVIDIA Corporation (ticker: NVDA). The notes pay contingent quarterly coupons of 5.0875% per quarter (approximately 20.35% per annum) when the Reference Asset closes at or above the Coupon Barrier on observation dates and feature an automatic redemption if the Reference Asset closes at or above the Call Level on any Observation Date.
If not called, principal repayment at maturity depends on NVIDIA's Final Level versus the Trigger Level ($148.76, 75.00% of the Initial Level). The Initial Level is $198.35, the estimated initial value was $981.99 per $1,000, and investors receive cash at maturity; physical delivery of shares is excluded.
Bank of Montreal priced US$1,243,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Meta Platforms, Inc. Class A common stock. The notes pay a 4.50% contingent coupon per quarter (approximately 18.00% per annum) if the Reference Asset closes at or above a Coupon Barrier of $507.65 (75.00% of the Initial Level). The Initial Level is $676.87, the Pricing Date was April 16, 2026, settlement is April 21, 2026, the Valuation Date is March 29, 2029, and maturity is April 04, 2029.
If, on any Observation Date beginning June 30, 2026, the Reference Asset closes at or above the Call Level (100% of the Initial Level), the notes will be automatically redeemed and investors will receive principal plus the contingent coupon otherwise due. If not auto-redeemed, a Trigger Event occurs if the Final Level is below the Trigger Level ($507.65) and maturity payment will equal $1,000 plus $1,000 times the Percentage Change, which can result in losses of principal (examples shown).
The estimated initial value on the Pricing Date was $984.28 per $1,000 principal amount; public offering price was 100% and proceeds to issuer $1,218,140 after a 2.00% agent commission. The notes pay cash only at maturity (no physical delivery) and involve issuer and model, liquidity, and tax risks described herein.
Bank of Montreal priced US$861,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Bank of America Corporation common stock. The notes pay contingent quarterly coupons of 3.25% per quarter (approximately 13.00% per annum) if the Reference Asset closes at or above the Coupon Barrier on each Observation Date. The Initial Level of the Reference Asset is $53.51 with a Coupon Barrier and Trigger Level of $42.81 (80.00% of Initial Level). The notes mature on April 04, 2029, with a Valuation Date of March 29, 2029. If not autocalled, principal at maturity depends on the Final Level and may be less than principal; physical delivery of shares is not permitted.
Bank of Montreal (BMO) priced US$4,285,000 of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes linked to the common stock of Microsoft Corporation (MSFT). The notes priced on April 16, 2026 with settlement on April 21, 2026 and mature on April 04, 2029.
Each $1,000 note has an Initial Level of $420.26, a quarterly Contingent Interest Rate of 3.175% (approximately 12.70% per annum) if observation-date conditions are met, a Coupon and Trigger Level of $315.20 (75% of Initial Level), and automatic redemption if the Reference Asset closes at or above the Call Level on an Observation Date. The estimated initial value was $974.64 per $1,000.
Bank of Montreal priced US$1,016,000 Senior Medium-Term Notes, Series K: autocallable barrier notes linked to the common stock of Uber Technologies, Inc. The notes settle on April 21, 2026, mature on April 04, 2029, and use a valuation date of March 29, 2029. The Initial Level is $76.48 per share and the Contingent Interest Rate is 4.6875% per quarter (approximately 18.75% per annum), paying about $46.875 per $1,000 when payable. The Coupon Barrier Level and Trigger Level are both $57.36 (75.00% of Initial Level). Beginning June 30, 2026, the notes are subject to automatic redemption if the Reference Asset closes at or above the Call Level on an Observation Date. If not redeemed, payment at maturity depends on the Final Level relative to the Trigger Level; a Trigger Event results in a reduced cash payment equal to $1,000 plus $1,000 times the Percentage Change, which can be less than principal. The estimated initial value on the Pricing Date was $979.61 per $1,000 principal. Investors receive cash only at maturity; physical delivery of Uber shares is not available.
Bank of Montreal (BMO) priced US$1,122,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of Apollo Global Management, Inc. (APO). The Pricing Date is April 16, 2026, Settlement Date April 21, 2026, and Maturity Date April 04, 2029.
The notes pay a Contingent Coupon of 6.50% per quarter (approximately 26.00% per annum) when an Observation Date closing is at or above the Coupon Barrier of $96.65 (80.00% of the Initial Level). The Initial Level is $120.81. Automatic redemption can occur beginning on June 30, 2026 if the Reference Asset closes at or above the Call Level (100% of Initial Level). At maturity, if the Final Level is below the Trigger Level ($96.65), investors receive $1,000 x (1 + Percentage Change), which may be less than principal.
The public offering price is 100% ($1,000 per $1,000); estimated initial value on the Pricing Date was $988.71 per $1,000. Payment is cash-only; holders will not receive underlying shares.
Bank of Montreal is offering non‑interest bearing, S&P 500®‑linked buffered upside notes with a $1,000 principal per note and a stated maturity of April 19, 2028 (subject to postponement). The notes pay a leveraged upside of 150% of the index return up to a capped cash payment of $1,226.95 per note and provide a 10.00% downside buffer: if the final index level is at or above 90.00% of the initial level you receive principal at maturity; if below that buffer you lose approximately 1.1111% of principal for each 1% the index declines below the buffer.
The trade date was April 16, 2026, initial underlier level is 7,041.28, and the issuer estimates an initial value of $977.41 per note versus an original issue price of $1,000.00. The notes are unsecured obligations of Bank of Montreal, are not listed, are designed to be held to maturity, and are subject to the issuer’s credit risk and various tax and market‑disruption provisions described herein.
Bank of Montreal is offering Accelerated Return Notes linked to Microsoft common stock, due June 25, 2027. Each unit has a $10.00 principal, a public offering price of $10.00 and an initial estimated value of $9.72 per unit. The notes provide a 300% participation rate in upside, capped at a $13.139 redemption per unit, and expose investors to downside loss of principal if Microsoft’s Ending Value is below the Starting Value ($420.26). Payments are unsecured obligations of BMO and subject to its credit risk. The scheduled Calculation Day is June 17, 2027; fees include an underwriting discount of $0.175 and a hedging charge of $0.05 per unit.
Bank of Montreal priced a structured, principal‑at‑risk note linked to the S&P 500® Index. The notes (principal $1,000 each) trade date April 16, 2026, original issue date April 21, 2026, and stated maturity May 17, 2028. Payment depends on the S&P 500 closing level on the determination date; upside participation is 140% capped at a $1,275.80 maximum settlement per note, with an 85.00% buffer level that protects principal for declines up to 15.00%. The initial estimated value was $998.19 per $1,000 principal and total original issuance shown is $4,744,000.00. The notes are unsecured obligations of Bank of Montreal and do not pay interest; holders are exposed to issuer credit risk and may lose some or all principal.
Bank of Montreal priced a US$4,100,000 offering 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 Pricing Date was April 02, 2026, Settlement on April 07, 2026 and Maturity on April 09, 2029.
The notes pay a Contingent Coupon of 1.00% per month (approximately 12.00% per annum) when each Reference Asset closes at or above its 70.00% Coupon Barrier on an Observation Date. The notes are autocallable beginning on April 06, 2027 if 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 70.00% Trigger Level), holders receive $1,000 adjusted by the Percentage Change of the Least Performing Reference Asset.
The Pricing Supplement states an estimated initial value of $991.16 per $1,000 principal on the Pricing Date and discloses customary distribution conflicts, tax characterization uncertainty, and material risk factors in the referenced product supplement and prospectus.
Bank of Montreal is offering non‑interest bearing principal‑protected contingent notes linked to the iShares MSCI South Africa ETF (EZA). Each $1,000 note pays a $1,194 threshold settlement if the final underlier level is at least 75.00% of the initial level ($68.82). If below the threshold, investors lose approximately 1.3333% of principal for every 1% the final level is below the threshold; principal may be partially or fully lost. Stated maturity is September 3, 2027 (determination date September 1, 2027, both subject to postponement). The issuer is the unsecured obligor and the notes are not exchange‑listed; estimated initial value per $1,000 is between $954.90 and $984.90. The offering includes an underwriting discount of $14.10 per note and proceeds to the issuer of $985.90 per note.
Bank of Montreal is offering US$1,132,000 of Senior Medium‑Term Notes, Series K — autocallable, barrier enhanced‑return notes due April 03, 2029 linked to the least performing of the Dow Jones Industrial Average®, the NASDAQ‑100® and the Russell 2000®. The notes provide 175.00% upside leverage on the Least Performing Reference Asset if not auto‑redeemed.
On April 6, 2027 the notes will auto‑redeem if each Reference Asset closes above its Call Level (100% of Initial Level); the Call Amount is $198.00 per $1,000 (approximately 19.80% per annum). If not redeemed and the Least Performing Reference Asset falls below its Barrier Level (70% of Initial Level), investors lose 1% of principal for each 1% decline, potentially losing up to 100% at maturity. Payments are unsecured and subject to Bank of Montreal credit risk.
Bank of Montreal is offering US$386,000 of Senior Medium-Term Market Linked Notes, Series K due April 03, 2029, linked to the least performing of the NASDAQ-100 Index (NDX) and VanEck Semiconductor ETF (SMH). The notes pay at maturity based on 100% participation up to a Maximum Redemption Amount of $1,255.00 per $1,000 (a 25.50% cap). If the least performing reference asset finishes below its initial level, investors receive only principal. The notes do not bear interest, are unsecured obligations of the Bank of Montreal, and carry the issuer’s credit risk. The public offering price was 100% and the issuer’s estimated initial value was $966.78 per $1,000.
Bank of Montreal priced US$1,279,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Agnico Eagle Mines Limited (AEM). The notes pay contingent quarterly coupons of 4.35% per quarter (approximately 17.40% per annum) if the Reference Asset meets the Coupon Barrier Level of $142.09 (70.00% of the Initial Level) on Observation Dates. The notes mature on April 06, 2029 with a Valuation Date of April 03, 2029. If not autocalled and the Final Level is below the Trigger Level of $142.09, holders receive at maturity an amount equal to $1,000 x (1 + Percentage Change), which can be less than principal and may be zero. The estimated initial value on the Pricing Date was $983.19 per $1,000. Price to public was 100% and proceeds to BMO were $1,279,000.
Bank of Montreal priced US$272,000 of Senior Medium‑Term Notes, Series K — capped barrier enhanced return notes linked to the Russell 2000® Index. The notes offer 200.00% upside leverage subject to a Maximum Redemption Amount of $1,200.00 per $1,000. If the index falls below a Barrier Level of 85.00% of the Initial Level (Initial Level 2,496.374; Barrier 2,121.918), investors lose 1% of principal for each 1% decline below the Initial Level, potentially losing up to 100% of principal. Pricing Date was March 31, 2026, settlement April 6, 2026, valuation date May 17, 2027 and maturity May 20, 2027. The price to public was 100% with an agent’s commission of 2.00% and estimated initial value of $969.08 per $1,000.
Bank of Montreal is offering US$262,000 of Senior Medium‑Term Notes, Series K — Capped Buffer Enhanced Return Notes linked to the least performing of the S&P 500® and NASDAQ‑100® Indices. The notes mature on April 03, 2029 and provide 200.00% upside leverage on positive performance up to a Maximum Redemption Amount of $1,365.00 per $1,000 (a 36.50% capped return). Investors keep their principal at maturity if the least performing index does not decline more than 15.00% (the Buffer); declines beyond the Buffer result in a 1% principal loss for each 1% decline, up to an 85.00% loss. Payments are unsecured obligations of Bank of Montreal and are subject to its credit risk. The initial estimated value was $955.21 per $1,000; the public price equals par (100%).
Bank of Montreal priced a US$500,000 issue of Senior Medium-Term Notes — Autocallable Barrier Notes with Memory Coupons — linked to the least performing of Micron Technology (MU) common stock and TSMC (TSM) ADRs. The notes pay contingent monthly coupons of 2.00% per month (approximately 24.00% per annum) when both reference assets close at or above coupon barriers. Settlement is April 02, 2026 and maturity is April 02, 2029. The notes feature an automatic redemption if both reference assets close at or above their Call Levels on an Observation Date and provide cash settlement at maturity tied to the Least Performing Reference Asset, subject to a 50.00% Trigger Level.
Bank of Montreal priced US$1,813,000 Senior Medium-Term Notes, Series K: Step Down Autocallable Barrier Notes due April 07, 2031 linked to the least performing of the S&P 500®, Russell 2000® and the Dow Jones Industrial Average®. The notes pay scheduled autocall cash amounts beginning April 01, 2027 if each reference asset is at or above specified Call Levels (95.00% on early dates), otherwise final redemption depends on the Least Performing Reference Asset versus Trigger Levels (75.00%). Price to public: 100% ($1,813,000 aggregate); agent’s commission: 2.00% ($36,260); proceeds to issuer: $1,776,740. Estimated initial value: $950.13 per $1,000. The notes are unsecured senior obligations and involve significant structural and market risks described in linked prospectus materials.
Bank of Montreal priced US$5,645,000 Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes due April 03, 2028 linked to a five-component basket of indices and ETFs, subject to the Maximum Redemption Amount. The notes provide 150.00% upside leverage capped at a $1,275.30 Maximum Redemption Amount per $1,000 and a 10.00% downside buffer; losses beyond the buffer reduce principal dollar-for-dollar, up to 90.00% loss.
The offering price was 100% of principal (aggregate $5,645,000), with an agent commission of 0.80%. The initial estimated value was $977.30 per $1,000. Payments are unsecured obligations of Bank of Montreal and all payments are subject to the issuer’s credit risk.
Bank of Montreal is offering US$1,675,000 of Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes due April 02, 2029, linked to an unequally weighted basket of five equity indices. The notes provide 150.00% upside exposure subject to a Maximum Redemption Amount of $1,430.00 per $1,000 and a 5.00% downside buffer; losses beyond the buffer reduce principal dollar-for-dollar (up to a 95.00% loss). The notes pay no interest, are unsecured obligations of Bank of Montreal, will not be listed on an exchange, and are subject to the issuer’s credit risk. The initial estimated value at pricing was $960.67 per $1,000 and the public offering price was 100% of principal.
Bank of Montreal priced US$877,000 Senior Medium-Term Notes, Series K: autocallable barrier notes due April 02, 2029, linked to the least performing of XLE, XLB and XLK. Pricing date was March 27, 2026 with settlement on April 01, 2026.
The notes pay a contingent coupon of 1.1875% per month (approximately 14.25% per annum) when, on an Observation Date, each Reference Asset closes at or above its Coupon Barrier (70% of Initial Level). Beginning September 29, 2026, the notes will autocall if each Reference Asset equals or exceeds its Call Level (100% of Initial Level) on an Observation Date. If not autocalled, maturity payment depends on the Least Performing Reference Asset; a Trigger Event occurs if any Final Level is below 70% of its Initial Level, reducing principal proportionally.
Estimated initial value was $967.01 per $1,000 and the public offering price was 100%.
Bank of Montreal (BMO) is offering Accelerated Return Notes® linked to the EURO STOXX 50® Index, each with a $10 principal amount and an approximately 14-month term maturing in June 2027. The notes pay a leveraged return at a 300% Participation Rate, subject to a Capped Value to be set on the pricing date (illustrative range: $11.85 to $12.25 per unit). BMO's initial estimated value at pricing is expected to be $9.11 to $9.51 per unit; the public offering price is $10.00 per unit. Fees disclosed include a $0.175 underwriting discount and an estimated $0.05 per-unit hedging-related charge. Payments at maturity depend on the average Ending Value of the Index during a short maturity valuation period and are subject to BMO credit risk and tax rules described herein.
Bank of Montreal is offering Capped Market Index Target-Term Securities® linked to a Global Equity Index Basket due March 28, 2031. The offering price is $10.00 per unit for a total public offering price of $16,550,030; proceeds to BMO before expenses are $16,136,279.25. The notes are senior unsecured debt that return 100% participation in increases in an equally weighted basket of the Dow Jones Industrial Average®, EURO STOXX 50® and TOPIX®, subject to a Capped Value of $16.546 per unit (a 65.46% capped return). The initial estimated value on the pricing date was $9.21 per unit, below the public offering price. Payments at maturity depend on the basket’s average Ending Value during the Maturity Valuation Period and are subject to BMO’s credit risk; the Minimum Redemption Amount is $10.00 per unit. Fees include an underwriting discount of $0.25 per unit and a hedging related charge of $0.05 per unit. Terms, tax treatment, hedging arrangements, and index sponsor disclaimers are described in the prospectus and product supplement.
Bank of Montreal is offering Market Linked Securities—Equity Index Linked Securities tied to the Russell 2000® Index with a stated maturity date of May 4, 2028. The original offering price is $1,000 per security; the issuer’s estimated initial value at pricing is $970.20 per security but will not be less than $920.00. Key economic terms include a 10% buffer on downside exposure, an upside participation rate of 200%, and a maximum return of at least 28.25% ($282.50) of face amount. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk. The agent discount is up to $25.75 per security; proceeds to issuer are $974.25 per security.
Bank of Montreal priced US$311,000 of Senior Medium-Term Notes, Series K: Capped Buffer Enhanced Return Notes linked to the S&P 500® Futures Excess Return Index. The notes offer 200.00% upside leverage subject to a 31.90% maximum return and a Maximum Redemption Amount of $1,319.00 per $1,000. If the Reference Asset declines more than the 10.00% buffer, investors lose 1% of principal for each 1% decline beyond that buffer (up to a 90.00% loss). The notes mature on October 02, 2028 and are unsecured obligations of Bank of Montreal; all payments are subject to the Bank’s credit risk.
Bank of Montreal priced US$779,000 Senior Medium-Term Notes, Series K — callable barrier notes with contingent coupons linked to the least performing of the S&P 500®, Russell 2000® and the Nasdaq-100 Technology Sector. Contingent coupons pay 0.7583% per month (approximately 9.10% per annum) when each reference asset closes at or above its 70.00% coupon barrier on an Observation Date. The notes settle on March 31, 2026, mature on February 29, 2028, and may be called beginning on September 25, 2026. At maturity, if any Reference Asset is below its 70.00% trigger level on the Valuation Date, principal is reduced proportionally to the Percentage Change of the least performing Reference Asset; otherwise investors receive full principal and any final contingent coupon.
Bank of Montreal is pricing US$322,000 of Senior Medium-Term Notes, Series K: market-linked notes due March 30, 2029 whose payoff is tied to the least performing of iShares MSCI EAFE ETF (EFA) and the EURO STOXX 50® Index (SX5E). The notes pay no interest and return principal if the Least Performing Reference Asset does not finish above its Initial Level. If that asset rises, investors receive 100% participation up to a $1,250.00 cap per $1,000 principal (a 25.00% Maximum Return). The offering price was 100% of principal; estimated initial value was $950.45 per $1,000. All payments are unsecured and subject to Bank of Montreal credit risk; BMOCM acts as agent and calculation agent.
Bank of Montreal prices US$500,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Rigetti Computing, Inc. common stock. The notes were priced on March 25, 2026 with a March 30, 2026 settlement and a September 30, 2026 maturity. Each $1,000 note pays a contingent coupon of 3.125% per month (approximately 37.50% per annum) when the Reference Asset closes at or above the Coupon Barrier on an Observation Date; the Coupon Barrier and Trigger Level are both $9.08 (60.00% of the Initial Level). The Initial Level is $15.14, the estimated initial value was $940.80 per $1,000, and the offering principal amount is $500,000.00. If the notes are not autocalled and the Final Level is below the Trigger Level, holders may receive a Physical Delivery Amount or a Cash Delivery Amount at maturity.
Bank of Montreal priced US$1,349,000 Senior Medium-Term Notes, Series K: Autocal lable Buffer Notes linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000. Pricing Date was March 25, 2026, settlement March 30, 2026 and maturity March 31, 2031.
The notes pay a contingent quarterly coupon of 2.3875% per quarter (approximately 9.55% per annum) if each reference asset on an Observation Date is at or above its Coupon Barrier (70.00% of its Initial Level). The notes are autocallable beginning March 25, 2027 if all Reference Assets close at or above their Call Levels (100% of Initial Level).
At maturity, if any Reference Asset’s Final Level is below its Buffer Level (70.00% of Initial Level), a Trigger Event occurs and the cash payment uses a Downside Leverage Factor of ~142.86%, producing approximately a 1.4286% loss of principal for each 1% decline of the least performing asset beyond 30.00%. The estimated initial value was $979.72 per $1,000.
Bank of Montreal priced $5,613,000 of Senior Medium-Term Notes, Series K — Redeemable Fixed Rate Notes due March 30, 2029. The Notes pay interest at 4.25% per annum, payable semi‑annually beginning September 30, 2026, and are callable by the issuer on semi‑annual Optional Redemption Dates beginning March 30, 2027.
The Notes were issued at an original issue price of $1,000.00 per Note with an underwriting discount of $3.00 per Note, producing proceeds to the Bank of $5,596,161.00. The Notes are unsecured, will not be listed on any exchange, and are bail-inable under the Canada Deposit Insurance Corporation Act, subject to conversion into common shares under that regime.
Bank of Montreal issues a preliminary term sheet for Accelerated Return Notes® linked to the iShares® U.S. Aerospace & Defense ETF due June, 2027. The notes are senior unsecured debt, $10 principal per unit, provide a 300% participation rate up to a Capped Value (estimated between $11.35 and $11.75 per unit), and expose holders to issuer credit risk. The public offering price exceeds the notes' initial estimated value due to underwriting and hedging charges; final terms will be set on the pricing date.
Bank of Montreal priced auto-callable, equity-linked notes tied to GE Vernova Inc. (GEV) with a $1,000 face amount and a stated maturity of March 29, 2029. The securities pay a 21.60% per annum contingent coupon quarterly only if the Underlier meets a coupon threshold of $636.587 (70% of the starting value). If a calculation day on or before December 2028 has a closing value at or above the starting value, the notes will be automatically called and repay principal plus a final contingent coupon. If not called, maturity pays $1,000 unless the ending value is below the downside threshold ($636.587), in which case the maturity payment equals $1,000 times the performance factor (ending/starting value) and could be less than the face amount, including potentially $0. The notes are unsecured obligations of Bank of Montreal and subject to its credit risk.
Bank of Montreal offers $2,000,000 Senior Medium-Term Notes, Series K (Redeemable Fixed Rate Notes) due March 25, 2031. The Notes pay 4.40% per annum interest semi‑annually, have a $1,000 denomination, and are redeemable in whole by the Bank on scheduled semi‑annual Optional Redemption Dates starting March 25, 2028.
The Notes are unsecured, bail-inable under the CDIC Act (convertible into common shares under specified Canadian resolution powers), will not be listed, and were issued at $1,000.00 per note with an underwriting discount of $7.50 per note.
Bank of Montreal priced US$510,000 Senior Medium‑Term Notes, Series K Autocallable Buffer Enhanced Return Notes due March 20, 2031, linked to the S&P 500® Futures Excess Return Index. If the Reference Asset exceeds its Call Level on March 23, 2027, the notes will auto‑redeem and pay principal plus a approx.15.00% annual Call Amount.
The notes provide 175.00% upside leverage if not called, a 15.00% downside buffer (losses begin beyond a 15.00% decline), do not pay interest, are unsecured obligations of Bank of Montreal, carry the issuer's credit risk, and were issued in $1,000 denominations with an estimated initial value of $976.58 per $1,000.