Bank of Montreal is offering US$2,594,000 of Senior Medium-Term Notes, Series K, Autocallable Barrier Notes with Memory Coupons due July 13, 2029, linked to the least performing of Apple Inc. and Microsoft Corporation common stock.
The notes pay a contingent coupon of 3.1875% per quarter (approximately 12.75% per annum), or $31.875 per $1,000, only if on an Observation Date each stock closes at or above its coupon barrier, set at $188.03 for AAPL and $230.00 for MSFT, each 60.00% of its Initial Level. Missed coupons may be paid later under the Memory Coupon Feature if both stocks are again at or above their barriers.
Starting January 8, 2027, the notes are automatically redeemed if on any Observation Date each stock is above its Call Level, equal to 100.00% of its Initial Level; investors then receive principal plus any due coupons. If the notes are not redeemed and on the Valuation Date either stock is below its Trigger Level (the same 60.00% thresholds), repayment of principal is reduced in proportion to the decline of the least performing stock and may be zero. The estimated initial value is $977.81 per $1,000 principal amount, and the notes are unsecured obligations of Bank of Montreal.
Bank of Montreal (BMO) prices principal-protected-conditional structured notes linked to the Russell 2000® Index with a $1,000 original issue price per note. The notes have an upside participation rate of 150%, a cap level expected between 116.57% and 119.44% of the initial underlier level and a maximum settlement amount expected between $1,248.55 and $1,291.60 per $1,000 note. The determination date will be set on the trade date and is expected to fall within 13 to 15 months, with the stated maturity expected two business days after the determination date. Estimated initial value is stated in a range of $955.40 to $985.40 per $1,000 and the underwriting discount is $13.60 per note, leaving proceeds to the issuer of $986.40 per note. The notes do not pay interest, are unsecured obligations of BMO, are not listed, and are designed to be held to maturity.
Bank of Montreal offers capped, buffer-protected equity-linked notes tied to the Nasdaq-100 Index. Each note has a $1,000 principal amount. The notes feature a 200% upside participation rate up to a maximum settlement amount expected between $1,196.60 and $1,230.60 per $1,000. A buffer protects the first 10.00% of declines; losses of approximately 1.1111% of principal occur for every 1.00% decline below the buffer. The estimated initial value is expected between $956.50 and $986.50 per $1,000 and will be less than the original issue price. Payments are subject to Bank of Montreal credit risk and timing adjustments for market disruption events.
Bank of Montreal priced market-linked, auto-callable notes linked to Rocket Lab Corporation stock with a stated face amount of $1,000 per security. The securities pay monthly contingent coupons (contingent coupon rate at least 20.65% per annum to be set on pricing) and may be automatically called if the Underlier closes at or above a call threshold on certain calculation days. The notes start from a starting value $83.35 (closing price on the strike date), have a downside/coupon threshold of $41.675 (50% of the starting value) and a call threshold of $58.345 (70% of the starting value). If not called, maturity is July 18, 2028, and maturity payoff is $1,000 if the ending value is at or above the downside threshold, or $1,000 × (ending/starting) if below, exposing holders to potential >50% loss. Estimated initial value was $958.40 (not less than $910.00 at pricing); offering price is $1,000 with an agent discount of $20.75.
Bank of Montreal offers principal-protected-notes linked to an unequally weighted basket of five international indices with an upside participation rate of 150% and a capped payout. The notes have a $1,000 principal amount per note and an initial basket level of 100.
Payment at maturity depends on the final basket level measured from the trade date to the determination date (expected within 13 to 15 months of the trade date). If the final basket level equals or exceeds the cap level (expected to be within 121.45%–125.17%), holders receive the maximum settlement amount (expected within $1,321.75–$1,377.55 per $1,000). If the final basket level is below the initial level, holders lose 1% of principal for each 1% decline.
Bank of Montreal priced $500,000 of structured notes linked to the S&P 500® Index. The notes have a $1,000 principal amount per note, trade date July 7, 2026, original issue date July 10, 2026, and stated maturity date October 12, 2027 (determination date October 7, 2027, subject to postponement).
Holders receive $1,100.50 per $1,000 (the threshold settlement amount) if the final underlier level is at least 80.00% of the initial underlier level (initial underlier level: 7,503.85, threshold level: 6,003.08). If the final underlier level is below that threshold, investors bear full downside: the cash settlement equals $1,000 plus $1,000 times the underlier return, so losses can consume most or all principal. The issuer's initial estimated value was $983.08 per $1,000; original issue price is $1,000 with an underwriting discount of $10.90 per note.
Bank of Montreal priced US$515,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes — due July 10, 2029. The notes pay a contingent coupon of 0.8208% per month (≈9.85% per annum) when each reference index closes at or above 60.00% of its Initial Level on an Observation Date. The notes reference the S&P 500 (SPX), Russell 2000 (RTY) and the Nasdaq-100 Technology Sector (NDXT), may autocall beginning July 07, 2027 if all Reference Assets meet the Call Level, and pay at maturity an amount linked to the Least Performing Reference Asset. The estimated initial value on the Pricing Date was $980.85 per $1,000.
Bank of Montreal (BMO) priced US$361,000 of Senior Medium-Term Notes, Series K — Contingent Risk Absolute Return Barrier Notes due July 10, 2031.
The notes provide 225.00% upside leverage to appreciation in the S&P 500® Futures Excess Return Index, repay principal with a capped positive downside payoff up to $1,300 per $1,000 if the Reference Asset falls but stays above a Barrier Level (70.00% of the Initial Level). If the Final Level is below the Barrier Level, holders suffer a pro rata loss equal to the percentage decline in the Reference Asset, potentially losing up to 100% of principal. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk.
Bank of Montreal (BMO) is offering US$1,150,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons — due July 12, 2029, linked to the MerQube US Large-Cap Vol Advantage Index (MQUSLVA). The notes pay contingent monthly coupons of 1.2167% per month (approximately 14.60% per annum) when the Reference Asset closes at or above a coupon barrier of 2,978.47 (70.00% of the Initial Level). The notes may be automatically redeemed on observation dates at the Call Level (100% of the Initial Level). At maturity, if a Trigger Event occurs (Final Level below 2,978.47), the cash payment equals $1,000 + ($1,000 x Percentage Change), which can be less than principal and may be zero. Pricing date was July 07, 2026, settlement July 10, 2026, and the document reports an estimated initial value of $948.05 per $1,000 on the Pricing Date.
Bank of Montreal (BMO) priced US$2,000,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due July 10, 2029. The notes link to the least performing of the Russell 2000 (RTY), Nasdaq-100 Technology Sector (NDXT) and the Dow Jones Industrial Average (INDU).
The Pricing Date was July 07, 2026, Settlement Date July 10, 2026, and the Valuation Date is July 05, 2029. Contingent coupons equal 0.9833% per month (≈ 11.80% per annum) when each Reference Asset on an Observation Date is ≥ its Coupon Barrier (80% of Initial Level). The notes feature monthly observation/payment dates, an autocall (automatic redemption) if all Reference Assets close ≥ 100% of their Initial Levels on an Observation Date beginning July 07, 2027, and a downside trigger at 70% of Initial Level that can reduce principal at maturity.