Bank of Montreal is pricing US$1,513,000 of Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to Biogen Inc. common stock. The notes pay a contingent quarterly coupon of 2.75% (about 11.00% per annum) if the Reference Asset closes at or above the Coupon Barrier Level of $119.91 on an Observation Date. The notes may be automatically redeemed beginning December 18, 2026 if the Reference Asset closes at or above the Call Level (100% of the Initial Level). At maturity, if a Trigger Event occurs (Final Level below the Trigger Level of $119.91, 61.00% of the Initial Level), holders may receive a Physical Delivery Amount of Biogen shares (or a Cash Delivery Amount) resulting in principal loss; hypothetical examples show principal recovery can range from full principal to zero depending on final BIIB levels. The estimated initial value on the Pricing Date was $966.33 per $1,000 principal.
Bank of Montreal (issuer) is offering US$250,000 aggregate principal of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of AAPL, GOOG and AMZN. Coupons equal 0.85% per month (approximately 10.20% per annum), paid monthly beginning July 25, 2026, and the notes mature on June 25, 2029. The notes are subject to automatic redemption on Call Observation Dates if each Reference Asset closes above its Call Level (100% of Initial Level). At maturity, if any Reference Asset’s Final Level is below its Trigger Level (65.00% of Initial Level), the principal repayment is reduced pro rata to the Percentage Change of the Least Performing Reference Asset. The estimated initial value on the Pricing Date was $952.13 per $1,000. Purchases are cash-settled only; shares will not be delivered.
Bank of Montreal priced US$6,028,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due September 24, 2027.
The notes pay a contingent coupon of 1.0625% per month (approximately 12.75% per annum) when each reference index meets its coupon barrier on monthly observation dates. The notes reference the S&P 500, NASDAQ-100 and Russell 2000, are callable beginning December 21, 2026, and settle on June 24, 2026. The pricing date was June 18, 2026 and the valuation date is September 21, 2027. The cover shows an estimated initial value of $984.66 per $1,000.
Bank of Montreal priced a US$560,000 offering of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of Intel (INTC), Microsoft (MSFT) and Alphabet Class A (GOOGL).
The notes were priced on June 18, 2026 with settlement on June 24, 2026 and maturity on June 26, 2028. The structure pays a 2.9167% per month contingent coupon (approximately 35.00% per annum) when each reference asset meets its coupon barrier on observation dates, and includes a Memory Coupon feature. Initial Levels: INTC $133.99, MSFT $379.40, GOOGL $368.03. Coupon and trigger levels equal 60.00% of initial levels. The estimated initial value on the Pricing Date was $939.94 per $1,000. Payments at maturity depend on the Percentage Change of the Least Performing Reference Asset; a Trigger Event (Final Level below the Trigger Level) can reduce principal, potentially to zero.
Bank of Montreal is offering Capped Buffer GEARS linked to the S&P 500® Index due on or about December 29, 2027, with a Principal Amount of $10 per Security and an Original Issue Price of $10.00.
The terms shown on the cover will be set on the Trade Date: Upside Gearing of 1.5, a Maximum Gain to be set between 14.00% and 15.74%, a 10% Buffer and a Downside Threshold equal to 90% of the Initial Underlier Value. The issuer’s estimated initial value was $9.78 per Security and will not be less than $9.48 at pricing.
Bank of Montreal priced a series of unsecured senior medium-term, equity-linked notes (face amount $1,000 per security) due June 22, 2029 that are auto-callable monthly and pay a contingent coupon rate of 37.02% per annum subject to performance of the lowest performing of three underliers: Alphabet Inc. (GOOGL), Micron Technology (MU) and Tesla (TSLA). The pricing supplement shows an estimated initial value of $945.54 per security and an original offering price of $1,000 per security, with total original offering proceeds of $7,023,000 for the issue described. The notes pay monthly contingent coupons only if the lowest-performing underlier on each calculation day is at or above its coupon threshold (55% of the starting value), feature a memory-based catch-up for missed coupons, and expose holders to full downside on the lowest-performing underlier at maturity if that underlier finishes below its downside threshold (55% of its starting value). The notes do not provide participation in any upside beyond contingent coupons, are unsecured obligations of Bank of Montreal, and are subject to issuer credit risk, limited secondary-market liquidity and uncertain U.S. federal income tax treatment.
Bank of Montreal offers Market Linked Securities—auto-callable, equity-linked senior notes tied to Target Corporation. The original offering price is $1,000 per security. The securities pay quarterly contingent coupon payments (contingent coupon rate will be determined on the pricing date and will be at least 10.40% per annum) subject to an observed coupon threshold. The estimated initial value on the preliminary pricing supplement is $968.50 per security and will not be less than $920.00 at pricing. The securities mature on June 28, 2029 unless automatically called earlier on quarterly calculation days. At maturity, principal repayment depends on the ending value of the Target common stock versus a downside threshold equal to 60% of the starting value; if the ending value is below that threshold, the maturity payment is the face amount multiplied by the performance factor and could result in a loss of more than 40% or a total loss of principal.
Bank of Montreal is offering Senior Medium-Term Notes, Series K — market-linked, auto-callable notes linked to the lowest performing of SMH, XLF and XLU, with monthly contingent coupons, a minimum contingent coupon rate of 16.10% per annum, pricing date June 26, 2026, issue date July 1, 2026 and stated maturity June 29, 2029. Each security has a face amount of $1,000 and an estimated initial value of $963.80 (not less than $910.00 at pricing).
Payments depend on the lowest performing Underlier each calculation day; automatic call, contingent monthly coupons with a memory feature, and a downside principal-at-risk where the downside threshold equals 65% of starting value. Securities are unsecured obligations of Bank of Montreal and expose holders to issuer credit risk, potential withholding for non-U.S. holders, limited secondary market liquidity and complex tax treatment.
Bank of Montreal is offering Senior Medium-Term Notes, Series K, a primary issuance of redeemable fixed-rate notes bearing interest at $1,000 principal per note and 5.35% interest per annum, with trade date July 2, 2026 and issue date July 7, 2026.
The Notes mature on July 7, 2036 but are redeemable by the issuer on semi-annual Optional Redemption Dates (each January and July 7, beginning July 7, 2027) at 100% of principal plus accrued interest. The original issue price is $1,000.00 per Note, underwriting discount $20.00, and proceeds to the issuer $980.00 per Note. The Notes are bail-inable under the Canadian CDIC Act and are not listed on any exchange.
Bank of Montreal is offering non‑interest bearing, principal‑protected‑to‑a‑buffer structured notes linked to the MSCI EAFE Index. Each note has a $1,000 principal amount and a buffer that protects losses up to a 10.00% decline in the index; losses amplify below that buffer.
Holders receive upside participation at 160% of the index return up to a capped payment (maximum settlement expected between $1,149.60 and $1,175.84 per $1,000). The issuer’s credit risk, limited secondary market, uncertain U.S. tax treatment, and a stated initial estimated value below the issue price (expected $969.00–$999.00 per $1,000) are key considerations.