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 US$1,850,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due June 29, 2029 linked to the least performing of XOP and XBI. The notes pay a quarterly contingent coupon of 3.94% per quarter (approximately 15.76% per annum) when each reference asset closes on an Observation Date at or above its Coupon Barrier Level. The notes are automatically redeemed if, on any Observation Date beginning December 28, 2026, both reference assets close at or above their Call Level (100% of Initial Level). At maturity, if a Trigger Event occurs (Final Level of any reference asset below its Trigger Level of 70.00% of Initial Level), payment equals $1,000 × (1 + Percentage Change of the Least Performing Reference Asset), which may be less than the principal and could be zero. The estimated initial value on the pricing date was $963.80 per $1,000. Payment will be in cash only; BMOCM is Calculation Agent and Selling Agent.
Bank of Montreal (BMO) priced US$2,612,000 of Senior Medium-Term Notes, Series K — Barrier Notes with Contingent Coupons due July 02, 2029. The notes pay semiannual contingent coupons of 4.575% per semiannual period (approximately 9.15% per annum) if each reference index is at or above its coupon barrier on observation dates. At maturity investors receive $1,000 per $1,000 principal 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, which may result in a payment below principal. Reference assets are the Russell 2000® and the S&P 500®. Pricing date: June 26, 2026; Settlement date: July 01, 2026; Valuation date: June 27, 2029. The estimated initial value on the pricing date was $984.41 per $1,000.
Bank of Montreal is offering US$606,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Ulta Beauty, Inc. (ULTA) stock. The notes pay a contingent coupon of 0.975% per month (≈11.70% per annum) if the Reference Asset on each Observation Date is ≥ the Coupon Barrier Level of $302.84 (62.00% of the Initial Level). Beginning December 29, 2026 the notes may be automatically redeemed if the Reference Asset closes at or above the Call Level (100% of Initial Level) on an Observation Date. If not autocalled, at maturity on August 02, 2027 each $1,000 principal will pay $1,000 unless the Final Level is below the Trigger Level (also $302.84), in which case the cash payment equals $1,000 plus $1,000 multiplied by the Percentage Change in the Reference Asset, which can result in a payment substantially below principal. The notes are cash-settled only, unsecured obligations of the Bank, and the estimated initial value on the Pricing Date was $971.89 per $1,000 principal.
Bank of Montreal (BMO) priced US$6,054,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due October 01, 2027, linked to the least performing of the S&P 500, NASDAQ-100 and Russell 2000.
Key economics: pricing date June 26, 2026, settlement July 01, 2026, valuation date September 28, 2027. Contingent Interest Rate is 1.0958% per month (~13.15% per annum) if each reference asset on an Observation Date is >= its Coupon Barrier (65% of Initial Level). Estimated initial value was $988.02 per $1,000. Notes can autocall beginning on Observation Dates if each Reference Asset >= Call Level (100% of Initial Level). At maturity, if a Trigger Event occurred and the Least Performing Reference Asset is below its Initial Level, holders receive $1,000 plus the Percentage Change of that asset, which may be less than principal.
Bank of Montreal priced US$2,140,000 Senior Medium-Term Notes, Series K, an autocallable barrier note linked to the common stock of Salesforce, Inc. (CRM). The notes pay a contingent coupon of 1.3167% per month (approximately 15.80% per annum) when the Reference Asset meets the Coupon Barrier on Observation Dates and may be automatically redeemed beginning on December 29, 2026.
Key mechanics: Pricing Date June 26, 2026, Settlement Date July 01, 2026, Valuation Date July 28, 2027, Maturity August 02, 2027. The Coupon Barrier and Trigger Level are $91.85 (58.00% of the Initial Level). If a Trigger Event occurs at maturity, the cash payment equals $1,000 × Percentage Change and may be less than principal. The cover shows an estimated initial value of $979.47 per $1,000 on the Pricing Date.
Bank of Montreal priced US$300,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Ulta Beauty, Inc. common stock. The notes pay a contingent coupon of 1.1725% per month (approximately 14.07% per annum) when monthly observation levels meet the coupon barrier. The notes settle on July 01, 2026, mature on August 02, 2027, and have a valuation date of July 28, 2027. The Initial Level of the reference stock is $488.45; the Coupon Barrier and Trigger Level are both $302.84 (62.00% of the Initial Level). If not autocalled, principal repayment at maturity depends on the Final Level relative to the Trigger Level and may be less than principal. The estimated initial value on the Pricing Date was $986.85 per $1,000 principal.
Bank of Montreal priced US$624,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to Tractor Supply Company (TSCO). The notes price on June 26, 2026, settle on July 01, 2026 and mature on June 29, 2028. The notes reference TSCO with an Initial Level of $31.21, a Coupon Barrier and Trigger Level of $15.61 (50.00% of the Initial Level), and a quarterly contingent coupon of 3.75% (approximately 15.00% per annum) payable only if observation-date conditions are met. The offering size is $624,000.00; public offering price is 100% (with certain fee-based account prices between $981.50 and $1,000 per $1,000). On the pricing date the estimated initial value was $980.61 per $1,000 principal.
Bank of Montreal (BMO) priced US$139,000 of Senior Medium-Term Notes, Series K — Barrier Notes with Contingent Coupons due July 02, 2029, linked to the least performing of the Russell 2000® and the S&P 500®. Coupons equal $40.50 per $1,000 if each reference asset is at or above a 75% coupon barrier on observation dates. At maturity investors receive $1,000 per $1,000 unless a Trigger Event occurs; if triggered, maturity pays $1,000 plus the percentage change of the least performing index, which can result in principal loss.
Bank of Montreal priced US$800,000 in Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons linked to the common stock of Amazon.com, Inc. The notes price at 100% ($1,000 per $1,000) with an estimated initial value of $971.50 per $1,000. They pay a 3.10% per quarter contingent coupon (approximately 12.40% per annum) when the Reference Asset closes at or above a Coupon Barrier of $180.11 (75.00% of the Initial Level). The notes mature on June 29, 2029 with a Valuation Date of June 26, 2029. Beginning on December 28, 2026 the notes are subject to automatic redemption if the Reference Asset closing level on an Observation Date is at or above the Call Level (100% of the Initial Level). At maturity, if the Final Level is below the Trigger Level ($180.11), investors receive $1,000 plus $1,000 times the Percentage Change, which may result in principal loss. The offering was distributed by BMOCM; proceeds to Bank of Montreal equal 97.65% of principal.
Bank of Montreal (BMO) priced US$2,557,000 Senior Medium-Term Notes, Series K — Callable Barrier Notes due July 01, 2027. The notes pay a Coupon of 0.925% per month (approximately 11.10% per annum), with monthly Coupon Payment Dates beginning August 01, 2026. Pricing Date was June 26, 2026, Settlement Date July 01, 2026, and Valuation Date June 28, 2027. Initial Levels are SPX 7,354.02, NDX 29,118.24, and RTY 3,010.084. Trigger Levels equal 70.00% of Initial Levels: SPX 5,147.81, NDX 20,382.77, RTY 2,107.059. A Trigger Event occurs if any Final Level is below its Trigger Level on the Valuation Date; if triggered, payment at maturity equals $1,000 + $1,000 × Percentage Change of the Least Performing Reference Asset, which may be less than principal. The cover shows an estimated initial value of $992.52 per $1,000. The notes are unsecured obligations of the Bank and are callable in whole on specified Call Dates beginning December 29, 2026.
Bank of Montreal (BMO) priced US$8,474,000 Senior Medium-Term Notes, Series K — Callable Barrier Notes due July 01, 2027 — linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000® indices. The notes pay a monthly Coupon of 1.1583% per month (approximately 13.90% per annum), payable monthly beginning August 01, 2026, and are callable by the issuer beginning on December 29, 2026. At maturity investors receive principal plus the final Coupon unless a Trigger Event occurred during the Monitoring Period and the Final Level of the Least Performing Reference Asset is below its Initial Level, in which case the maturity payment equals $1,000 × Percentage Change of that asset (which may be less than principal). The estimated initial value on the Pricing Date was $993.02 per $1,000.
Bank of Montreal priced US$7,949,000 of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons linked to the S&P 500, EURO STOXX 50 and NASDAQ-100. The notes pay a contingent coupon of 0.7917% per month (~9.50% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier Level. The notes have a Pricing Date of June 26, 2026, a Settlement Date of July 01, 2026, a Valuation Date of June 27, 2029, and a Maturity Date of July 02, 2029.
If not called, at maturity holders receive $1,000 per $1,000 principal unless a Trigger Event occurred (Final Level of any Reference Asset < its Trigger Level); if a Trigger Event occurred, maturity payment equals $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset (which can be less than principal, possibly zero). The issuer may call the notes beginning on June 29, 2027 on any Observation Date. The estimated initial value was $983.85 per $1,000 principal on the Pricing Date.
Bank of Montreal (BMO) priced US$559,000 in Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons due July 02, 2029, linked to the least performing of DELL, PLTR and SHOP. The notes pay a contingent coupon of 1.8333% per month (approximately 22.00% per annum) when each Reference Asset's closing level on an Observation Date is at or above its Coupon Barrier Level (each set at 50.00% of its Initial Level). The notes may be automatically redeemed beginning on June 29, 2027 if each Reference Asset is at or above its Call Level (100.00% of Initial Level) on an Observation Date. At maturity, if a Trigger Event occurs and the Final Level of the least performing Reference Asset is below its Initial Level, the maturity payment equals $1,000 plus $1,000 times the Percentage Change of the least performing Reference Asset, which may be less than principal.
Bank of Montreal issues US$10,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes linked to Intel Corporation common stock. The notes pay no interest, offer a 150.00% Upside Leverage Factor on positive returns, mature on July 02, 2029, and can be automatically redeemed on June 30, 2027 if the Reference Asset is at or above the Call Level. Each $1,000 note was offered at 100% of principal, with an estimated initial value of $867.25 per $1,000. If not called and the Final Level is below the Barrier Level ($76.99, 60.00% of the Initial Level), holders lose 1% of principal for each 1% decline in the Reference Asset.
Bank of Montreal is offering US$2,219,000 of Senior Medium-Term Notes, Series K — Contingent Risk Absolute Return Barrier Notes due July 01, 2031. The notes provide 187.00% upside leverage to positive performance of the S&P 500® Futures Excess Return Index and a capped positive downside payoff up to a Maximum Downside Redemption Amount of $1,400.00 per $1,000. If the Reference Asset falls below the Barrier Level of 353.44 (60.00% of the Initial Level) at the Valuation Date, investors suffer a pro rata loss of principal and may lose all principal. The notes are unsecured, do not pay interest, carry issuer credit risk, are not listed, and have an estimated initial value of $990.32 per $1,000 on the Pricing Date.
Bank of Montreal priced US$824,000 of Senior Medium-Term Notes, Series K — Contingent Risk Absolute Return Barrier Notes linked to the S&P 500® Futures Excess Return Index, maturing July 01, 2032. The notes offer 190.00% upside leverage if the Reference Asset rises, provide a capped positive downside payoff up to a Maximum Downside Redemption Amount of $1,400.00 per $1,000 if the Reference Asset declines but stays at or above a Barrier Level of 60.00% of the Initial Level, and expose holders to full principal loss if the Final Level falls below the Barrier Level. The notes do not pay interest, are unsecured obligations subject to Bank of Montreal credit risk, will not be listed on an exchange, and carry tax and liquidity uncertainties described in the supplement.
Bank of Montreal priced a US$2,169,000 offering of Senior Medium-Term Notes, Series K — Capped Contingent Risk Absolute Return Buffer Notes due August 02, 2027, linked to the least performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average. The notes provide 125.00% upside leverage on the Least Performing Reference Asset capped at a Maximum Redemption Amount of $1,178.50 per $1,000 (a 17.85% maximum return). If the Least Performing Reference Asset declines but remains at or above an 85.00% Buffer Level, the notes pay an absolute positive return up to a Maximum Downside Redemption Amount of $1,150.00 per $1,000 (a 15.00% return). If the Final Level falls below the Buffer Level, investors lose 1% of principal for each 1% decline beyond the 15.00% buffer, potentially losing up to 85.00% of principal. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk.
Bank of Montreal (BMO) is offering US$5,279,000 aggregate principal of Senior Medium-Term Notes, Series K—Barrier Enhanced Return Notes due July 01, 2031—linked to the S&P 500® Futures Excess Return Index. The notes pay no interest, provide 210.00% upside leverage on positive index performance, and impose a 50.00% barrier: if the Reference Asset falls below the barrier you lose 1% of principal for each 1% decline. The public offering price was 100% (per-note estimated initial value $998.42 per $1,000). All payments are subject to BMO credit risk and the notes will not be listed on an exchange.
Bank of Montreal priced US$8,955,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Enhanced Return Notes linked to the EURO STOXX 50® Index. The notes mature on July 02, 2029, are non‑interest bearing, and carry a 125.00% Upside Leverage Factor. If the index closing level on December 24, 2026 is greater than 100.00% of its Initial Level, the notes will be automatically redeemed and investors will receive principal plus a Call Amount of $90.00 per $1,000 (about 9.00% per annum).
If not automatically redeemed, payments at maturity depend on the Final Level on the Valuation Date June 27, 2029: investors receive leveraged upside when the Final Level is at or above the Initial Level (Initial Level: 6,221.55), receive principal only if the Final Level remains at or above the Barrier Level (4,977.24, 80.00% of Initial Level), and suffer dollar‑for‑dollar losses below the Barrier (up to 100% loss).
Bank of Montreal issues a preliminary prospectus for Accelerated Return Notes linked to the State Street Energy Select Sector SPDR ETF. The notes are senior unsecured obligations with a $10 principal amount per unit and a term of approximately 14 months, maturing in September, 2027. Payments depend on the Starting Value and an Ending Value of the Underlying Fund (XLE) and offer a 300% participation rate on positive performance subject to a Capped Value to be set on the pricing date (illustrative range: $12.00 to $12.40 per unit). The public offering price is $10.00 per unit; the initial estimated value is expected to be between $9.10 and $9.47 per unit. All payments are subject to BMO's credit risk and the notes are not FDIC/CDIC insured.
Bank of Montreal (BMO) priced US$4,689,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of Apple Inc. (AAPL). The notes pay a coupon of 0.6375% per month (approximately 7.65% per annum) and mature on August 02, 2027. If on any Call Observation Date beginning December 29, 2026 the closing level of AAPL equals or exceeds the Call Level (100% of the Initial Level), the notes are automatically redeemed at par plus the then-due coupon. If not called, payment at maturity depends on Apple’s Final Level on the Valuation Date (July 28, 2027): holders receive $1,000 per $1,000 principal unless a Trigger Event occurs (Final Level < Trigger Level of $221.35, 78.00% of the Initial Level). If a Trigger Event occurs, the issuer will deliver either a reduced number of Apple shares (the Physical Delivery Amount) or an equivalent cash amount, plus the final coupon. The public offering price was 100% of principal with an estimated initial value of $967.69 per $1,000 on the Pricing Date (June 26, 2026).
Bank of Montreal priced US$194,000 Senior Medium-Term Notes, Series K, an autocallable barrier note linked to the common stock of Rigetti Computing, Inc. (RGTI). The Pricing Date was June 26, 2026 with settlement on June 30, 2026 and maturity on December 31, 2026. The notes pay a Contingent Interest Rate of 3.3333% per month (approximately 40.00% per annum) when the Reference Asset on an Observation Date is at or above the Coupon Barrier Level. The Initial Level is $18.36, the Coupon Barrier and Trigger Level are $11.02 (60.00% of Initial Level), and the Call Level is 100.00% of the Initial Level. The offering principal amount is $194,000; Price to Public is 100%, Agent’s Commission 0.75% ($1,455), and Proceeds to Bank of Montreal 99.25% ($192,545). The document reports an estimated initial value of $910.49 per $1,000 on the Pricing Date. Payments at maturity depend on the Final Level; a Trigger Event (Final Level < Trigger Level) can result in physical or cash delivery of a reduced share amount. Terms are subject to automatic redemption, anti-dilution adjustments, market disruptions, and the risk disclosures referenced in the product and prospectus supplements.
Bank of Montreal (BMO) is offering Capped Leveraged Index Return Notes® linked to the Russell 2000® Index due July, 2028. The notes are senior unsecured debt, sold at $10.00 per unit with an underwriting discount of $0.20, and estimated initial value in the range of $9.10 to $9.48 per unit. The notes provide a 200% Participation Rate in positive Index performance subject to a Capped Value to be set on the pricing date; a Threshold Value of 90% of the Starting Value protects principal only if the Ending Value is at or above that threshold. Payments depend on Index performance and BMO creditworthiness; a hedging charge of $0.05 per unit is disclosed.
Bank of Montreal priced Series K equity-linked senior medium-term notes linked to the lowest performing of Datadog, Eli Lilly and NVIDIA, maturing June 29, 2029. The original offering price is $1,000 per security and the estimated initial value at pricing was $960.77. The notes pay a monthly contingent coupon at a 22.77% per annum rate if the lowest performing underlier meets its coupon threshold (50% of starting value); they are auto-callable if the lowest performing underlier meets its call threshold (90% of starting value) on certain monthly observation dates. At maturity, if not called, principal repayment equals $1,000 or, if the lowest performing underlier is below its downside threshold (50% of starting value), the principal is reduced pro rata to that underlier’s performance factor.
Bank of Montreal priced unsecured Senior Medium-Term Notes (ETF Linked Securities) due June 29, 2029 linked to the lowest performing of SMH, XLF and XLU. Face amount is $1,000 per security; original offering price $1,000. The initial estimated value was $954.32 per security. The notes pay a monthly 16.10% per annum contingent coupon (with a memory feature) if the lowest performing underlier meets its coupon threshold on each calculation day. If not automatically called, principal at maturity depends on the lowest performing underlier: full face value if its ending value is >=65% of its starting value, otherwise the maturity payment equals $1,000 multiplied by that underlier’s performance factor, exposing holders to more than 35.00% potential loss of principal. The issue date is July 1, 2026; calculation days monthly through June 26, 2029. These are unsecured obligations of Bank of Montreal and carry issuer credit risk. The agent discount was $23.25 per security, with proceeds to issuer $976.75 per security.
Bank of Montreal is offering Senior Medium-Term Notes, Series K, market-linked, auto-callable securities tied to the iShares Ethereum Trust ETF (ETHA) with a stated maturity of July 3, 2028. Each security has a face amount of $1,000, an estimated initial value of $944.53 per security on the pricing date and a fixed monthly coupon at a per annum rate of 10.60%. The securities are automatically called if the Underlier closes at or above the starting value on any monthly call date between December 2026 and June 2028, in which case holders receive the face amount plus a final coupon. If not called and the ending value is below the threshold value of $7.134 (60% of the starting value of $11.89), holders receive a share delivery amount (example: 140.17382 shares based on the pricing-date adjustment factor of 1.0), exposing principal to loss. The securities are unsecured obligations of Bank of Montreal, not insured by deposit insurance, and involve issuer credit risk, tax-treatment uncertainty, limited secondary market liquidity and complex features.
Bank of Montreal (BMO) is offering Capped Leveraged Index Return Notes linked to the Invesco S&P 500 Equal Weight ETF with a term of approximately two years and a principal amount of $10.00 per unit. The notes provide 2-to-1 upside participation in the Underlying Fund up to a capped Redemption Amount and protect principal only if the Underlying Fund declines by no more than 10.00% (the Threshold Value).
Payments depend on the Ending Value of the Underlying Fund, are made at maturity, and are subject to BMO’s credit risk. Key disclosed economics include a Participation Rate of 200%, a Capped Value expected between $11.425 and $11.825 per unit (representing a capped return of 14.25% to 18.25%), an initial estimated value of $9.20 to $9.54 per unit, an underwriting discount of $0.20 and a hedging-related charge of $0.05 per unit.
Bank of Montreal priced a series of Market Linked Senior Medium-Term Notes (Series K) — auto-callable, contingent coupon securities due June 29, 2029 — with an original offering price of $1,000 per security and an estimated initial value of $956.59 per security.
The securities pay a contingent coupon rate of 19.90% per annum monthly (with a memory feature), reference the lowest performing of BlackRock (BLK), IBM, and Palantir (PLTR), and are subject to automatic early call if the lowest performing underlier meets its call threshold on certain monthly observation dates. The pricing date was June 26, 2026, issue date July 1, 2026, and aggregate original offering price shown is $2,526,000.00.
Bank of Montreal (BMO) is offering Capped Notes linked to the common stock of NVIDIA Corporation (NVDA) due June 30, 2028. Each unit has a $10 principal and a $10.00 public offering price. The notes pay a 1-to-1 participation in positive NVDA returns up to a Capped Value of $15.70 per unit (a 57.00% return). If NVDA declines but remains at or above the Threshold Value of $156.59 (80% of the Starting Value), holders receive a positive payoff equal to the absolute percentage decline; below the Threshold Value, holders suffer losses of principal. The notes are unsecured senior debt of BMO, subject to BMO credit risk, not FDIC/CDIC insured, and include an underwriting discount and a hedging-related charge that reduce economic terms. The scheduled Calculation Day is June 23, 2028. The initial estimated value at pricing was $9.74 per unit; the public offering price is $10.00 per unit. Prospective purchasers should review the Note Prospectus, risk factors, and tax discussion before investing.
Bank of Montreal is offering US$1,272,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes due June 29, 2029 — linked to the least performing of the Dow Jones Industrial Average®, the NASDAQ-100 Index® and the Russell 2000® Index. The notes pay no interest and are callable on June 30, 2027 if each reference asset is above its Call Level (100% of initial). If called, investors receive principal plus a Call Amount of $170.00 per $1,000 (about 17.00% per annum). If not called, payoff depends on the Least Performing Reference Asset with a 175.00% Upside Leverage Factor above initial and a Barrier at 70.00% of initial; declines below the Barrier expose investors to principal loss on a 1:1 basis. All payments are subject to the issuer credit risk of Bank of Montreal. The initial estimated value was $946.92 per $1,000; price to public is 100%.
The Bank of Montreal is offering Capped Leveraged Index Return Notes® linked to the State Street SPDR S&P Regional Banking ETF (ticker: KRE), due June 30, 2028. The notes have a $10 principal per unit, a public offering price of $10.00 and an initial estimated value of $9.73 per unit. They provide a 200% participation rate in positive performance of the Underlying Fund up to a Capped Value of $13.36 per unit and protect principal only if the Ending Value remains at or above the Threshold Value of $67.29 (90% of the Starting Value). Payments depend on the Underlying Fund performance and BMO’s creditworthiness; the notes are unsecured, not insured, and include an underwriting discount of $0.20 and a hedging-related charge of $0.05 per unit.
Bank of Montreal priced US$341,000 of Senior Medium-Term Notes, Series K — Digital Return Barrier Notes due May 31, 2028. The notes pay a Digital Return of 18.50% at maturity if the Least Performing Reference Asset (the lower of the S&P 500, NASDAQ-100 and Russell 2000) finishes at or above 70.00% of its June 25, 2026 initial level. If the Least Performing Reference Asset falls below the 70.00% barrier, payoff equals principal adjusted by the Percentage Change of that Least Performing Reference Asset, producing losses of 1% of principal per 1% decline below the initial level (up to full principal loss). The Pricing Date is June 25, 2026, Settlement Date June 30, 2026, Valuation Date May 25, 2028. All payments are unsecured obligations of Bank of Montreal and subject to its credit risk. The issuer’s estimated initial value was $957.31 per $1,000; price to public equals 100%.
Bank of Montreal is offering US$1,283,000 of Senior Medium-Term Notes, Series K — Buffer Enhanced Return Notes due June 30, 2031, linked to the S&P 500® Futures Excess Return Index. The notes provide 169.00% upside leverage if the Reference Asset finishes at or above its Initial Level of 590.78. A buffer equal to 20.00% (Buffer Level 472.62) protects investors from losses up to that decline; if the Reference Asset falls beyond the buffer, investors lose 1% of principal for each 1% decline beyond 20.00%, with potential principal loss up to 80.00%. The estimated initial value was $945.87 per $1,000 principal amount on the Pricing Date. The notes pay no interest, are unsecured obligations of the Bank of Montreal and are subject to the Bank’s credit risk. Payments are subject to market disruption and calculation agent adjustments.
Bank of Montreal is offering US$1,147,000 of Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes due June 30, 2028. The notes provide 150.00% upside leverage on S&P 500® appreciation subject to a 15.00% maximum return (Maximum Redemption Amount $1,150.00 per $1,000). If the S&P 500® falls more than 20.00% from the Initial Level, investors lose 1% of principal for each 1% decline beyond 20.00%, permitting up to an 80.00% principal loss. The notes pay no interest, are unsecured obligations of Bank of Montreal, and all payments are subject to the Bank's credit risk. The Pricing Date was June 25, 2026, Settlement Date June 30, 2026, Valuation Date June 27, 2028.
The Bank of Montreal is offering Capped Buffer GEARS, senior unsecured notes linked to the S&P 500® Index maturing on June 29, 2028. The notes have a $10 principal amount per security, an Upside Gearing of 2.0%, a Maximum Gain of 20.15% (Maximum Payment at Maturity of $12.015) and a Buffer of 10% (Downside Threshold = 6,618.62, which is 90% of the Initial Underlier Value). The offering size shown on the cover is $16,344,830.00 with proceeds to the issuer of $16,017,933.40. The securities provide upside participation subject to a capped gain and expose holders to 1-for-1 downside beyond the 10% buffer; all payments are subject to the credit risk of Bank of Montreal.
Bank of Montreal priced US$896,000 Senior Medium‑Term Notes, Series K—market‑linked notes due June 30, 2028—linked to the least performing of the S&P 500® and the Russell 2000®. The notes pay no interest and deliver at maturity either principal or an upside participation subject to a Maximum Redemption Amount of $1,130.00 per $1,000 principal (a 13.00% cap).
Mechanics: if the Least Performing Reference Asset finishes above its Initial Level, the payoff equals $1,000 plus the Percentage Change times a 100.00% Upside Leverage Factor, capped at the Maximum Redemption Amount; if it finishes at or below its Initial Level, investors receive $1,000. Payments are unsecured obligations of Bank of Montreal and subject to the issuer’s credit risk. The pricing supplement states an estimated initial value of $971.35 per $1,000.
Bank of Montreal (BMO) priced US$135,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons linked to the S&P 500, Russell 2000 and the Dow Jones Industrial Average. The notes price at 100% ($1,000 per $1,000) with an estimated initial value of $945.23 per $1,000. Coupons are contingent quarterly at 1.65% per quarter (approximately 6.60% per annum) if each reference asset on an Observation Date is at or above its Coupon Barrier Level (70% of Initial Level). The notes settle on June 30, 2026 and mature on June 30, 2031; automatic redemption may occur annually beginning on June 25, 2027 if each reference asset is at or above its Call Level (100% of Initial Level). At maturity, if a Trigger Event occurs (the Final Level of any reference asset is below its Trigger Level), holders receive a return tied to the least performing reference asset and may receive less than principal, potentially zero. The notes are unsecured obligations of the Bank and are not FDIC- or CDIC-insured.
Bank of Montreal is offering US$666,000 of Senior Medium-Term Market Linked Notes, Series K, due June 29, 2029, linked to the least performing of the NASDAQ-100 Index® and the Dow Jones Industrial Average®. The notes pay no interest and provide 1-to-1 upside participation up to a Maximum Redemption Amount of $1,237.50 per $1,000 principal (a 23.75% maximum return). If the Least Performing Reference Asset finishes below its Initial Level, investors receive only principal at maturity. The initial estimated value on the pricing date was $964.60 per $1,000, the price to public was 100% and the notes are unsecured obligations of the Bank of Montreal.
Bank of Montreal priced US$546,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of RTY, INDU and NDXT. The Pricing Date is June 25, 2026, settlement is June 30, 2026 and maturity is June 28, 2030. The notes pay scheduled automatic redemption amounts beginning on June 30, 2027 ($1,112.50 per $1,000) and escalate on subsequent Observation Dates to a final call amount of $1,450.00 per $1,000 if not previously called. If not called, maturity payment depends on the Percentage Change of the Least Performing Reference Asset; a Trigger Event occurs if any Final Level is below 60.00% of its Initial Level. The estimated initial value on the Pricing Date was $933.76 per $1,000.
Bank of Montreal (BMO) is offering US$213,000 of Senior Medium-Term Notes, Series K — capped contingent risk absolute return buffer notes linked to the S&P 500® Index maturing on June 30, 2031. The notes provide 175.00% upside and downside leverage subject to a 41.00% Maximum Return (Maximum Redemption Amount $1,410.00 per $1,000) and a 20.00% buffer (Buffer Level = 80.00% of Initial Level). If the Final Level is below the Buffer Level, investors lose 1% of principal for each 1% decline beyond the buffer, up to an 80.00% loss. The notes do not pay interest, are unsecured obligations of BMO, and all payments are subject to BMO credit risk.
Bank of Montreal is offering Capped Buffer GEARS, senior unsecured notes linked to the S&P 500® Index maturing December 29, 2027. The offering aggregates $6,871,500 at an Original Issue Price of $10.00 per Security with a minimum investment of $1,000. Payments at maturity depend on the Underlier Return: positive returns pay the Principal plus Upside Gearing 1.5 capped at a Maximum Gain 15.43%; negative returns above the 10% Buffer produce 1-to-1 losses below the Downside Threshold (90% of the Initial Underlier Value, 6,618.62). The issuer’s creditworthiness and tax treatment are material risks, and the estimated initial value on the Trade Date was $9.79 per Security.
Bank of Montreal priced a $1,033,000 offering of Senior Medium-Term Notes, Series K: Callable Barrier Notes with Contingent Coupons due June 28, 2030, linked to the least performing of the S&P 500®, Russell 2000® and the Nasdaq-100 Technology Sector indices. The notes pay a contingent coupon of 0.625% per month (≈7.50% per annum) when each Reference Asset on an Observation Date is at or above its Coupon Barrier (60% of its Initial Level). The issuer may call the notes beginning on June 25, 2027. At maturity, if the Least Performing Reference Asset is below its Trigger Level (60% of Initial Level), the cash payoff equals $1,000 × (1 + Percentage Change of the Least Performing Reference Asset), which can be less than principal. The estimated initial value on the Pricing Date was $935.16 per $1,000. The public offering price was 100%; aggregate agent commission and proceeds are shown on the cover.
Bank of Montreal (BMO) is offering US$30,420,000 aggregate principal amount of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due July 02, 2029, linked to the least performing of the S&P 500® Index and the EURO STOXX 50® Index. The notes pay contingent quarterly coupons of 2.45% per quarter (approximately 9.80% per annum) when each reference asset closes at or above an 80.00% coupon barrier on observation dates and include a memory feature for unpaid coupons. The notes are automatically redeemable if both indices close at or above their initial levels on an Observation Date. At maturity, if a trigger event occurs (the least performing reference asset finishes below its 80.00% trigger level), principal is reduced pro rata by that asset's percentage decline. The estimated initial value on the Pricing Date was $975.29 per $1,000 principal amount; public offering price ranged up to $1,000 per $1,000.
Bank of Montreal is offering US$966,000 of Senior Medium-Term Notes, Series K due July 30, 2027 linked to the least performing of the S&P 500® Index and the Russell 2000® Index. The notes pay a 10.70% Digital Return at maturity if the least performing index’s Final Level is ≥100.00% of its June 25, 2026 Initial Level; if that least performing index finishes between 70.00% and 100.00% of its Initial Level investors receive principal only. If the least performing index declines below 70.00% of its Initial Level, investors lose 1% of principal for each 1% decline, with possible loss of up to 100% of principal. The notes are unsecured obligations of Bank of Montreal, do not pay interest, will not be listed, and are subject to the issuer’s credit risk. Pricing Date: June 25, 2026; Settlement Date: June 30, 2026; Valuation Date: July 27, 2027; Maturity Date: July 30, 2027.
Bank of Montreal priced US$2,800,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of GDX, SPX and NDXT. The Pricing Date was June 25, 2026, Settlement Date June 30, 2026, and Maturity Date June 29, 2029. The notes pay a contingent coupon of 1.1667% per month (approximately 14.00% per annum) on monthly coupon payment dates if, on each Observation Date, each Reference Asset is at or above its Coupon Barrier (70% of its Initial Level). Beginning on December 28, 2026, the notes may be automatically redeemed if each Reference Asset is at or above its Call Level on an Observation Date, in which case holders receive principal plus the contingent coupon due. At maturity, if not redeemed, payment depends on the Final Level of the Least Performing Reference Asset: holders receive $1,000 per $1,000 unless a Trigger Event occurred (Final Level below 50% of Initial Level), in which case the return equals $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset. The estimated initial value on the Pricing Date was $951.68 per $1,000 in principal amount.
Bank of Montreal priced US$702,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes due June 28, 2030, linked to the least performing of the Dow Jones Industrial Average, the NASDAQ-100 and the Russell 2000. The notes pay no interest and may be automatically redeemed on June 30, 2027 if each reference asset closes above its Call Level; on automatic redemption holders receive principal plus a $162.50 Call Amount (about 16.25% per annum). If not called, maturity payoff depends on the Least Performing Reference Asset: positive performance is multiplied by an Upside Leverage Factor of 170.00%; if the Least Performing Reference Asset falls below its Barrier Level (70% of the Initial Level) losses occur on a one-for-one basis, potentially resulting in loss of up to 100% of principal. All payments are subject to Bank of Montreal credit risk.
Bank of Montreal is offering US$415,000 in Senior Medium-Term Notes, Series K: autocallable, barrier enhanced-return notes due June 29, 2029, linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 and the S&P 500. The notes provide 200.00% upside leverage on any appreciation of the least performing index if not auto‑redeemed, and feature automatic redemption beginning June 30, 2027 that would pay principal plus a Call Amount (approximately 10.00% per annum). If not redeemed and the least performing index falls below a 70.00% Barrier Level, investors lose 1% of principal for each 1% decline, up to a total loss of principal. Payments are unsecured and subject to the credit risk of Bank of Montreal. The public price is 100% and the dealer commission is approximately 3.1663%.
Bank of Montreal priced US$248,000 aggregate of Senior Medium-Term Notes, Series K — "Bearish Notes" linked to the S&P 500® Index. The notes provide 150.00% leveraged positive return on any depreciation in the index, capped by a Maximum Redemption Amount of $1,170.00 per $1,000. The Pricing Date is June 25, 2026, Settlement Date June 30, 2026, Valuation Date December 28, 2027 and Maturity Date December 31, 2027. The Initial Level is stated as 7,357.49 and the issuer’s estimated initial value was $977.30 per $1,000. The notes pay no interest, are unsecured obligations of BMO, will not be listed, and are subject to the credit risk of Bank of Montreal. Payment at maturity is principal only if the Final Level is higher than the Initial Level; downside-linked payouts are subject to the 17.00% maximum return cap.
Bank of Montreal is offering $4,027,600 of Capped Buffer GEARS linked to the S&P 500® Index due June 29, 2028. Each Security has a Principal Amount of $10 and an Original Issue Price of $10. The Securities pay at maturity either: (1) $10 plus upside participation (Upside Gearing 2.0) capped at a Maximum Gain of 24.30%; (2) $10 if the Final Underlier Value is negative but at or above the Downside Threshold (90% of the Initial Underlier Value); or (3) less than $10 with 1:1 downside exposure beyond the 10% Buffer if the Final Underlier Value is below the Downside Threshold. The Initial Underlier Value was 7,354.02 (closing level on the Trade Date) and the estimated initial value per Security was $9.97.
Payments are subject to Bank of Montreal credit risk, there is no interest paid, secondary market liquidity is limited, tax treatment is uncertain, and the Buffer and payoff formulas apply only at maturity.
Bank of Montreal is offering US$1,000,000 in Senior Medium-Term Notes, Series K: autocallable barrier notes with contingent monthly coupons of 1.0708% per month (approximately 12.85% per annum) linked to the least performing of EFA, SPX and NDX. Observation Dates are three trading days before each monthly coupon date, the notes autocall if all reference assets close above their Call Levels starting December 28, 2026, and mature on June 30, 2028. At maturity, if any Reference Asset is below its 75% Trigger Level, investors receive a cash amount based on the Percentage Change of the Least Performing Reference Asset; otherwise they receive principal. The estimated initial value on the Pricing Date was $986.13 per $1,000 in principal.