The Bank of Montreal is offering Market Linked Senior Medium-Term Notes, Series K: equity-linked, auto-callable notes tied to the Class A common stock of Rocket Companies, Inc., with a $1,000 face amount per security. Pricing date is June 3, 2026 and issue date is June 8, 2026. On the preliminary pricing supplement the estimated initial value is $968.70 per security (not less than $920.00 at pricing). The securities pay quarterly contingent coupons (the contingent coupon rate will be at least 20.25% per annum) subject to a 60% coupon/downside threshold of the starting value, are unsecured obligations of Bank of Montreal and may be automatically called if the Underlier meets the trigger on a calculation day. Principal at maturity depends on the ending value; if ending value is below the 60% downside threshold you can lose more than 40% of face amount. Tax and secondary-market treatments are described with withholding for non-U.S. holders and limited secondary-market liquidity.
Bank of Montreal published a preliminary pricing supplement for Senior Medium-Term Notes, Series K—market-linked securities with a face amount of $1,000 each that pay a contingent fixed return and return principal at risk linked to the lowest performing of the common stock of Fiserv, Inc. (FISV) and PayPal Holdings, Inc. (PYPL).
The offering shows a contingent fixed return to be set on the pricing date of at least 24.45% ($244.50), a threshold equal to 70% of each underlier’s starting value, a stated maturity date of June 11, 2027, a calculation day of June 8, 2027, a strike date of May 29, 2026, and a pricing date of June 1, 2026. The preliminary estimated initial value is $965.50 (not less than $915.50), original offering price is $1,000, agent discount is $23.25, and proceeds to BMO per security are $976.75.
Bank of Montreal is offering US$2,750,000,000 of Senior Medium-Term Notes, Series J across three tranches: US$750,000,000 due 2029, US$750,000,000 due 2032 and US$1,250,000,000 due 2037.
The tranches carry fixed rates during initial periods (4.547% to 5.298%) that convert to Compounded SOFR plus respective margins (0.632% to 1.208%) in later floating-rate periods. The Notes are senior unsecured, bail-inable under the CDIC Act and may be converted into common shares upon certain Canadian bail-in events. Net proceeds of approximately US$2,740,425,000 will be used for general corporate purposes.
Bank of Montreal (BMO) priced US$964,000 of Senior Medium-Term Notes, Series K — Step Down Autocallable Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index (MQUSLVA). Pricing Date: May 28, 2026; Settlement Date: May 29, 2026; Maturity Date: May 30, 2031. The notes pay scheduled automatic redemption amounts on specified Observation Dates if the Reference Asset is at or above the Call Level; Call Amounts per $1,000 range from $1,176.50 up to $1,882.50 depending on the Observation Date. At maturity, if a Trigger Event occurs (Final Level < Trigger Level = 60.00% of Initial Level), holders receive $1,000 + [$1,000 × Percentage Change], which may be less than principal. Estimated initial value on the Pricing Date: $882.01 per $1,000.
Bank of Montreal priced US$284,000 of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Contingent Coupons linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100 Technology Sector Index, maturing May 01, 2028.
The notes pay monthly contingent coupons of 0.7083% per month (approximately 8.50% per annum) if on each Observation Date all three reference assets are at or above their Coupon Barrier Levels (70.00% of initial levels). Beginning November 25, 2026, the notes are callable if on an Observation Date all three reference assets are at or above their Call Levels (100% of initial levels); automatic redemption returns principal plus the applicable contingent coupon. If not called, maturity payment depends on the least performing reference asset: investors receive $1,000 per $1,000 unless a Trigger Event occurs (Final Level of any reference asset < its Trigger Level, each set at 70.00% of initial), in which case the cash payment equals $1,000 plus $1,000 multiplied by the percentage change of the least performing asset and may be less than principal. The estimated initial value on the Pricing Date was $964.70 per $1,000 principal.
Bank of Montreal priced US$1,372,000 of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons linked to the least performing of the S&P 500®, Russell 2000® and the Nasdaq-100 Technology Sector indices. The notes pay a contingent coupon of 0.5917% per month (approximately 7.10% per annum) when each reference asset on an Observation Date is at or above its Coupon Barrier Level.
The Pricing Date was May 28, 2026, Settlement Date May 29, 2026 and Maturity Date May 31, 2030. The notes are callable by the issuer beginning on May 25, 2027 on Observation Dates. At maturity, if any Reference Asset’s Final Level is below its Trigger Level (60.00% of its Initial Level), a Trigger Event occurs and the cash payout equals $1,000 plus $1,000 times the Percentage Change of the Least Performing Reference Asset, which may be less than principal.
Bank of Montreal (BMO) priced US$995,000 in Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Contingent Coupons due April 28, 2028. The notes pay contingent monthly coupons of 0.8667% per month (approximately 10.40% per annum) if each reference asset closes on an Observation Date at or above its Coupon Barrier.
If not autocalled, maturity payment depends on the Least Performing Reference Asset. Holders receive $1,000 per $1,000 principal unless a Trigger Event occurs; if a Trigger Event occurs, maturity payment = $1,000 + $1,000×Percentage Change of the Least Performing Reference Asset (which may be less than principal or zero). Estimated initial value on the Pricing Date was $947.70 per $1,000.
Bank of Montreal (BMO) priced a US$375,000 issuance of Senior Medium-Term Autocallable Barrier Notes linked to the least performing of Amazon.com, Inc. and Alphabet Inc. (Class A). The notes settle on May 29, 2026 and mature on June 01, 2029. They pay a 2.5375% contingent coupon per quarter (about 10.15% per annum) when each reference asset on an Observation Date is at or above its coupon barrier. The estimated initial value on the Pricing Date was $934.30 per $1,000 principal. If not autocalled, principal at maturity depends on the performance of the Least Performing Reference Asset versus a 60.00% trigger level; a breach of the trigger can reduce maturity payments proportionally.
Bank of Montreal priced US$450,000 in Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Contingent Coupons due May 31, 2029, linked to the least performing of the VanEck® Gold Miners ETF (GDX) and the Nasdaq-100 Technology Sector Index (NDXT).
The notes pay monthly contingent coupons of 0.8958% per month (approximately 10.75% per annum) if each reference asset is at or above its coupon barrier on an observation date, feature automatic redemption if both assets are at or above their call levels on an observation date beginning November 24, 2026, and return at maturity is linked to the performance of the least performing reference asset with trigger levels at 50% of initial levels.
Bank of Montreal priced a $5,283,000 offering of Senior Medium-Term Autocallable Barrier Notes, Series K, linked to the common stock of RH. The notes pay a 3.75% coupon per quarter (approximately 15.00% per annum), have a Pricing Date of May 28, 2026, a Settlement Date of May 29, 2026 and mature on May 31, 2029.
If not auto‑redeemed, principal at maturity is tied to RH's Final Level versus an Initial Level of $149.15; a Trigger Event occurs if the Final Level is below the Trigger Level of $74.58 (50.00% of Initial Level). The public offering price was 100% of principal and the Pricing Supplement reports an estimated initial value of $961.70 per $1,000 principal.