Bank of Montreal is offering $1,576,000 of Senior Medium-Term Notes, Series K Callable Barrier Notes with Contingent Coupons due July 17, 2030. The notes are unsecured obligations linked to the NASDAQ-100, Russell 2000 and Dow Jones Industrial Average.
Investors may receive monthly contingent coupons of 0.8375% (approximately 10.05% per year), paying $8.375 per $1,000, only if on each observation date all three indices close at or above their coupon barriers, set at 70% of their initial levels. Beginning July 14, 2027, Bank of Montreal can, at its discretion, redeem the notes in full on any observation date for principal plus any due coupon.
If not called, principal is repaid at maturity only if no Trigger Event occurs. A Trigger Event happens when the final level of any index is below 60% of its initial level; in that case, repayment is reduced in line with the loss of the worst-performing index and can fall to zero. The estimated initial value is $983.02 per $1,000, below the $1,000 issue price, reflecting the issuer’s internal funding rate and derivative pricing. The notes are not insured by any deposit insurance corporation.
Bank of Montreal is offering Senior Medium-Term Notes, Series K, Redeemable Fixed Rate Notes due July 31, 2031, with a principal amount of $1,000 per Note. The Notes pay fixed interest at 5.15% per annum, with semi-annual payments on January 31 and July 31, starting January 31, 2027.
The Notes are callable at Bank of Montreal’s option, in whole but not in part, at 100% of principal plus accrued interest on each January 31 and July 31 from July 31, 2027 through January 31, 2031. They are unsecured obligations, not insured by any government agency, and subject to Bank of Montreal’s credit risk. As bail-inable notes, they may be converted into common shares or varied or extinguished under the Canadian CDIC Act. The Notes will not be listed on any securities exchange, and per-note economics include a $15.00 underwriting discount and $985.00 in proceeds to Bank of Montreal. For U.S. tax purposes, counsel expects the Notes to be treated as debt instruments issued without original issue discount.
Bank of Montreal is offering senior medium-term notes at an original offering price of $1,000 per security, linked to the lowest performing of three State Street sector SPDR ETFs (Energy, Technology and Health Care). The notes pay a contingent coupon at a rate of at least 10.53% per annum, but only for months when the lowest performing ETF closes at or above 65% of its starting value; otherwise no coupon is paid.
The notes are auto-callable monthly from January 2027 to June 2031 if the lowest ETF is at or above its starting value, returning the $1,000 face amount plus a final coupon. If held to maturity and not called, investors receive $1,000 only if the lowest ETF on the final date is at or above its 65% downside threshold; below that, principal is reduced in full proportion to that ETF’s loss, with more than 35% and up to 100% of principal at risk. The estimated initial value is $962 per security (not less than $912), below the issue price due to selling costs and hedging. The notes are unsecured, subject to Bank of Montreal credit risk, may have limited or no secondary market, and involve complex U.S. and Canadian tax treatment.
Bank of Montreal is offering US$9,692,000 of Senior Medium-Term Notes, Series K Digital Return Barrier Notes due August 16, 2027, linked to the least performing of the S&P 500 Index and the Russell 2000 Index. These unsecured notes pay no interest and are not listed on any exchange.
At maturity, investors receive US$1,092.30 per US$1,000 (a 9.23% Digital Return) if the Final Level of the Least Performing Reference Asset is at least 65.00% of its Initial Level. If it finishes below 65.00%, repayment equals US$1,000 plus US$1,000 times the Percentage Change, producing a 1% principal loss for each 1% index decline, down to a total loss. Initial Levels are 7,515.34 for SPX and 2,953.166 for RTY, with corresponding Barrier and Digital Barrier Levels at 65.00% of those values. The estimated initial value is US$994.61 per US$1,000, versus a 100% issue price, reflecting offering, structuring and hedging costs and an issuer funding rate.
Bank of Montreal is issuing US$256,000 of Senior Medium‑Term Notes, Series K, digital return barrier notes due October 1, 2027, linked to the least performing of the S&P 500® Index and the Russell 2000® Index. The notes offer an 11.60% Digital Return at maturity per $1,000 principal if the final level of the least performing index is at or above 70.00% of its initial level.
If that index finishes below the 70.00% Barrier Level, repayment equals $1,000 plus $1,000 times its percentage change, so each 1% drop beyond the barrier causes a 1% loss, up to total loss of principal. The notes pay no periodic interest, are unsecured, unsubordinated obligations subject to Bank of Montreal’s credit risk, and will not be listed on an exchange, so secondary-market liquidity may be limited. The price to public is 100% of principal, including a 0.50% selling commission, while the estimated initial value is $992.54 per $1,000, reflecting offering costs and hedging.
Bank of Montreal is offering US$533,000 of Senior Medium-Term Notes, Series K, Digital Return Barrier Notes due October 1, 2027, linked to the least performing of the S&P 500 Index (SPX) and Russell 2000 Index (RTY).
For each $1,000 note, investors receive their principal plus a 9.81% Digital Return if the final level of the worst-performing index is at least 70.00% of its initial level. If that index falls below 70.00% of its initial level, repayment is reduced 1% for each 1% decline, down to a potential 100% loss of principal.
The notes pay no periodic interest, are unsecured obligations of Bank of Montreal, and are not insured by any deposit insurance corporation. The estimated initial value is $977.59 per $1,000. Notes are issued in $1,000 denominations, will not be listed on an exchange, and all payments depend on Bank of Montreal’s credit. BMO Capital Markets Corp. acts as calculation agent and selling agent, receiving a 2.00% commission, leaving 98.00% of proceeds to the issuer.
Bank of Montreal is issuing US$9,380,000 of senior medium‑term Autocallable Barrier Notes with Memory Coupons due October 18, 2027, linked to the least performing of the S&P 500® Index, NASDAQ‑100 Index® and Russell 2000® Index.
The notes pay a contingent coupon of 1.1125% per month (US$11.125 per US$1,000) only if each index is at or above its coupon barrier (70% of its initial level) on the relevant observation date; missed coupons can be paid later under the Memory Coupon Feature. From January 13, 2027, the notes are automatically redeemed if all three indices are at or above their initial levels, returning principal plus any due coupons. If not called, principal is protected at maturity unless a Trigger Event occurs (any index closes below 65% of its initial level during the monitoring period) and the least‑performing index finishes below its initial level, in which case repayment is reduced in line with that index’s percentage loss and may be zero. The notes are issued at 100% of principal, with a 0.25% agent’s commission and 99.75% proceeds to Bank of Montreal; the estimated initial value is US$990.45 per US$1,000.
Bank of Montreal is offering US$3,973,000 of Senior Medium-Term Notes, Series K, Capped Buffer Enhanced Return Notes due July 16, 2029, linked to the Russell 2000 Index. The notes provide 200.00% leveraged upside on index gains, subject to a Maximum Return of 43.40% and a Maximum Redemption Amount of $1,434.00 per $1,000 in principal.
The structure includes a 15.00% downside buffer; if the index falls more than 15% from the Initial Level of 2,953.166, principal is reduced 1% for each additional 1% decline, for a potential loss of up to 85.00%. The notes pay no interest, are unsecured senior obligations of Bank of Montreal, and are not insured or listed on any exchange. Pricing is 100% of principal with a 0.10% agent’s commission, and the estimated initial value is $991.50 per $1,000, reflecting offering, structuring and hedging costs. Returns depend on the Russell 2000’s performance, and investors are exposed to small-cap equity volatility, Bank of Montreal’s credit risk, limited liquidity and uncertain tax treatment.
Bank of Montreal is issuing US$3,368,000 of Senior Medium-Term Notes, Series K Autocallable Barrier Notes with Memory Coupons due July 16, 2029, linked to the least performing of the S&P 500 Index, Russell 2000 Index and Dow Jones Industrial Average.
The notes offer a 4.40% contingent coupon per semiannual period (approximately 8.80% per annum), paying $44 per $1,000 only when each index closes at or above its coupon barrier (80% of its initial level), with a Memory Coupon Feature that can pay previously missed coupons on later qualifying dates. Beginning in January 2027, if on an observation date all three indexes are above their initial levels, the notes are automatically redeemed at par plus any due coupons.
If not called, principal repayment depends on the worst-performing index. If the final level of any index is below its trigger level (70% of its initial level), repayment is reduced one-for-one with the decline of the least performing index and can fall to zero; otherwise, investors receive full principal back plus any due coupons. The notes are unsecured obligations of Bank of Montreal, not insured by deposit protection schemes. The estimated initial value is $970.92 per $1,000, below the issue price, reflecting structuring and hedging costs. For U.S. tax purposes, BMO and its counsel indicate it is generally reasonable to treat the notes as pre-paid contingent income-bearing derivative contracts, though tax outcomes are described as uncertain.
Bank of Montreal is offering US$2,756,000 of Senior Medium-Term Notes, Series K Autocallable Barrier Notes with Memory Coupons due July 18, 2028, linked to the least performing of SPDR S&P 500 ETF (SPY), iShares Russell 2000 ETF (IWM) and Invesco QQQ Trust, Series 1 (QQQ).
The notes pay contingent coupons of 2.50% per quarter (approximately 10.00% per year) only if on an observation date all three ETFs close at or above their coupon barrier levels, set at 65.00% of initial levels; missed coupons can be paid later under a memory feature. Beginning October 12, 2026, if on any observation date each ETF is above its 100% call level, the notes are automatically redeemed for principal plus any due coupons.
If not called, at maturity investors receive full principal per note only if no Trigger Event occurs, meaning the final level of each ETF is at or above its 65.00% trigger level. If any ETF finishes below its trigger, investors receive either shares or cash linked to that worst performer; this amount is less than principal and can fall to zero. The notes are unsecured obligations of Bank of Montreal and are not insured deposits. The price to public is 100% of principal, with a 1.00% selling commission and issuer proceeds of 99%; the issuer’s estimated initial value is US$986.31 per US$1,000, reflecting embedded costs and hedging.