Bank of Montreal priced a US$600,000 offering of Senior Medium-Term Notes, Series K: Autocallable Barrier Enhanced Return Notes due July 10, 2029.
The notes reference the Dow Jones Industrial Average, NASDAQ-100 and Russell 2000. They offer a 185.00% Upside Leverage Factor on the least performing index if not auto‑called, an automatic redemption feature on January 06, 2027 with a Call Amount of $86.00 per $1,000, and a Barrier set at 70.00% of Initial Levels. The public offering price was 100% ($1,000 per note) and the issuer’s estimated initial value was $958.00 per $1,000.
Bank of Montreal priced US$740,000 Senior Medium-Term Notes, Series K — Digital Return Barrier Notes due August 10, 2027. The notes pay a 10.85% Digital Return if the Least Performing Reference Asset (SPX, NDX or RTY) ends at or above 65.00% of its Pricing Date level. If the Least Performing Reference Asset falls below the 65.00% Barrier, investors lose 1% of principal for each 1% decline; losses can reach 100%. The notes do not pay interest, are unsecured obligations of Bank of Montreal, and all payments are subject to the issuer’s credit risk.
Bank of Montreal priced US$1,200,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the Class A common stock of Figma, Inc. (FIG). The notes mature on July 10, 2029 with a Strike Date of July 06, 2026 and a Pricing Date of July 07, 2026
Key terms: a contingent interest rate of 6.70% per quarter (approximately 26.80% per annum) (each contingent coupon = $67.00 per $1,000 if payable); Initial Level = $21.08; Coupon Barrier and Trigger Level = $10.54 (50.00% of Initial Level); Call Level = $21.08. The public offering price was 100% (price range for certain advisory accounts noted between $976.50 and $1,000 per $1,000). The estimated initial value on the Pricing Date was $948.36 per $1,000.
Bank of Montreal is offering Senior Medium-Term Notes, Series K — redeemable fixed-rate notes with a 5.00% annual coupon and a stated maturity of June 22, 2031. The Notes are issued at $1,000 per Note (original issue price) with proceeds to the issuer of $985 per Note after a $15 underwriting discount; Issue Date is July 22, 2026.
The Notes are redeemable by the issuer on semi-annual Optional Redemption Dates beginning July 22, 2028. The Notes are bail-inable under the Canada Deposit Insurance Corporation Act and may be converted, in whole or in part, into common shares under the Canadian bail-in regime. The Notes are unsecured, not listed, and subject to the credit risk of Bank of Montreal.
Bank of Montreal priced Market-Linked Securities (Series K) linked to the ADS of Novo Nordisk (NVO). The securities have a $1,000 face amount, an original offering price of $1,000 per security and an estimated initial value of $964.10 per security on the pricing date. They pay a contingent quarterly coupon of 12.10% per annum (with a memory feature) if the Underlier meets the coupon threshold on scheduled calculation days and carry an automatic call feature if the Underlier is at or above the starting value on a calculation day. If not called, maturity on July 12, 2029 will pay $1,000 if the ending value is at or above the downside threshold (60% of the starting value) or a reduced principal equal to $1,000 × (ending value / starting value) if the ending value is below 60% of the starting value. The securities are unsecured obligations of Bank of Montreal and are subject to issuer credit risk, limited secondary market liquidity and uncertain U.S. federal tax treatment.
Bank of Montreal is offering additional MicroSectors™ FANG+™ Index -3X Inverse Leveraged ETNs, reopening the tranche to issue $500,025,000,000 of additional notes and bringing the aggregate principal amount outstanding to $2,000,000,000,000. The additional notes are consolidated with the original notes and trade under the same CUSIP.
The notes provide a daily-resetting -3x leveraged inverse exposure to the NYSE FANG+® Index, accrue a 0.95% per annum Daily Investor Fee, do not pay interest and do not guarantee return of principal. They are intended as intraday trading tools for sophisticated investors and may lose value up to the entire investment.
Bank of Montreal is issuing an additional $125,005,250 in Gold Miners 3X Leveraged ETNs (ticker GDXU), bringing the outstanding aggregate principal to $2,250,000,000. Each note has a principal amount of $250 and the notes are linked to a 3x daily leveraged exposure to the S-Network MicroSectors Gold Miners Index (ticker MINERS) through June 29, 2040.
The notes reset leverage daily, do not pay interest, and deduct a Daily Investor Fee of 0.95% per annum, a Daily Financing Charge based on the Federal Reserve prime rate plus a 5.00% Financing Spread, and a Redemption Fee of 0.125% on redemptions. The filing emphasizes that the notes are intended as short-term, daily trading tools, carry substantial path‑dependence and "decay" risk, and may lose all value.
Bank of Montreal priced US$5,281,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due October 13, 2027. The notes pay monthly contingent coupons at a Contingent Interest Rate of 1.1208% per month (approximately 13.45% per annum) when each referenced index is at or above its Coupon Barrier Level. Observation Dates occur three trading days before each monthly coupon date starting August 13, 2026. The notes are linked to the least performing of the S&P 500 (SPX), NASDAQ-100 (NDX) and Russell 2000 (RTY). They are subject to an automatic redemption if, on any Observation Date beginning January 08, 2027, each Reference Asset is at or above its Call Level (100% of Initial Level). If not called, payment at maturity depends on the Final Level of the Least Performing Reference Asset and a Trigger Event (any Reference Asset below its Trigger Level during the Monitoring Period). The public offering price was 100% (some fee-based accounts between $997.50 and $1,000 per $1,000). The estimated initial value on the Pricing Date was $990.87 per $1,000 in principal amount.
Bank of Montreal priced US$252,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to the common stock of Amazon.com, Inc. The notes pay contingent monthly coupons of 0.8875% per month (approximately 10.65% per annum) if the Reference Asset closes at or above the Coupon Barrier on Observation Dates, begin coupon payments August 9, 2026, and mature July 9, 2027. The notes are automatically redeemable beginning October 6, 2026 if the Reference Asset closes above the Call Level on an Observation Date. At maturity, if the Final Level is below the Trigger Level (70.00% of the Initial Level, $170.91), investors receive a downside cash payoff equal to $1,000 plus the Percentage Change, which may result in less than principal repayment. The public offering price was 100% and the issuer’s estimated initial value was $967.85 per $1,000.
Bank of Montreal priced US$1,000,000 Senior Medium-Term Notes, Series K, Autocallable Barrier Notes with Memory Coupons due July 09, 2029. The notes are linked to the least performing of Delta Air Lines (DAL), Eaton Corporation PLC (ETN) and United Rentals (URI), and were priced on July 06, 2026 with settlement on July 09, 2026.
Key terms: a contingent monthly coupon of 1.5125% (≈18.15% per annum) payable only when each reference asset is at or above its Coupon Barrier on Observation Dates, a Memory Coupon feature that can pay previously unpaid coupons later, an automatic redemption if all Reference Assets are at or above their Call Level on an Observation Date, and a maturity payoff that returns principal unless the Least Performing Reference Asset falls below its Trigger Level (50% of initial), in which case investors suffer downside linked to that asset. The issuer estimated an initial value of $971.14 per $1,000 principal amount.