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.