Bank of Montreal is offering $1,376,000.00 of Senior Medium-Term Notes, Series K equity-linked securities tied to the common stock of Rocket Lab Corporation. Each security has a $1,000 face amount and an estimated initial value of $954.86, below the original offering price.
The notes pay a monthly contingent coupon at 20.65% per annum only if Rocket Lab’s closing value on the related calculation day is at or above the coupon threshold of $41.675 (50% of the $83.35 starting value), with a memory feature for previously missed coupons. From October 2026 to June 2028, if the stock closes at or above the call threshold of $58.345 (70% of the starting value) on any calculation day, the notes are automatically called at par plus the final and any unpaid coupons.
If not called, at maturity on July 18, 2028 investors receive $1,000 per security only if the ending value is at or above the downside threshold of $41.675; otherwise, repayment equals $1,000 multiplied by the performance factor of the stock, resulting in more than 50% and possibly all principal loss. The notes are unsecured obligations of Bank of Montreal, not insured by any government agency, will not be listed on an exchange, and their value and liquidity may be materially affected by market factors and the issuer’s creditworthiness.
Bank of Montreal describes Autocallable Strategic Accelerated Redemption Securities, senior unsecured notes linked to one or more equity indices or exchange-traded funds. The securities pay no interest, are issued in $10 units, and all payments depend on Bank of Montreal’s credit.
The notes may be automatically called on scheduled Observation Dates if the Market Measure is at or above a preset Call Level, returning principal plus a Call Premium. If not called and the Ending Value is below a Threshold Value (which may be 100% of the Starting Value), investors face 1-to-1 downside exposure and can lose some or all principal.
The disclosure highlights principal-at-risk structure, potential illiquidity and limited secondary trading, conflicts from issuer and dealer hedging and calculation-agent roles, complex U.S. tax treatment including possible Section 871(m) withholding for non-U.S. holders, and that investors have no ownership, dividend, or voting rights in the underlying indices or funds.
Bank of Montreal is offering unsecured S&P 500® Index-linked notes with a $1,000 principal amount per note and a term expected to be 13–15 months. The notes pay no interest and are designed to be held to maturity, with no listing on any securities exchange.
At maturity, investors receive a fixed threshold settlement amount, expected between $1,088.60 and $1,104.00 per $1,000 note, if the S&P 500 final level is at least 90.00% of its initial level. If it is below 90.00%, investors lose about 1.1111% of principal for every 1% the index falls below that threshold, down to total loss at a 0 final level.
The estimated initial value is expected between $957.90 and $987.90 per $1,000, less than the $1,000 issue price due to offering and hedging costs. Upside is capped by the threshold settlement amount, so the notes underperform direct index exposure in strong markets. All payments are subject to Bank of Montreal’s credit risk, and U.S. and non-U.S. tax treatment is described as uncertain.
Bank of Montreal outlines $1,000 face amount senior equity‑linked notes due July 25, 2029, auto‑callable and linked to the lowest performer of Accenture, HubSpot and ServiceNow shares. The notes pay a monthly contingent coupon of at least 30.80% per annum only when the lowest underlier closes at or above 60% of its starting value, with a memory feature for previously missed coupons.
From January 2027 to June 2029 the notes are automatically called at par plus accrued contingent coupons if the lowest underlier is at or above 90% of its starting value. If not called, principal is repaid at par only if the lowest underlier on the final calculation day is at or above 50% of its starting value; otherwise repayment declines in line with its performance, potentially to zero. The notes do not participate in any stock price appreciation, are unsecured obligations exposed to Bank of Montreal credit risk, and have an estimated initial value of $965.10 per $1,000 security, below the original offering price because of selling costs and hedging profits.
Bank of Montreal is offering senior medium-term Market Linked Securities, auto-callable notes maturing July 25, 2030, linked to the lowest performer of the Nasdaq-100, Russell 2000 and S&P 500 indexes. Each security has a $1,000 face amount and original offering price.
Quarterly contingent coupons at a rate of at least 8.42% per year are paid only when the lowest index closes at or above 70% of its starting level; a memory feature can restore previously missed coupons. The notes are automatically called from January 2027 to April 2030 if that index is at or above its starting value.
If not called, investors receive $1,000 at maturity only if the lowest index finishes at or above 70% of its starting level; otherwise principal is reduced in line with that index’s loss and can fall to zero. The notes are unsecured, not insured, and their estimated initial value of $966.50 per security is below the $1,000 offering price due to offering, structuring and hedging costs.
Bank of Montreal is offering senior unsecured Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000®, S&P 500® and EURO STOXX 50® indices. The Notes pay a quarterly Contingent Coupon of 8.00%–8.70% per annum only if each index closes at or above 65% of its Initial Underlier Value (the Coupon Barrier) on the relevant observation date.
The Notes can be automatically called quarterly if all indices are at or above their initial levels, returning the $10 principal per Note plus that quarter’s coupon. If not called, and on the Final Valuation Date each index is at or above 65% of its initial level, principal plus the final coupon is paid at maturity on August 1, 2029. Otherwise, repayment is reduced in line with the negative return of the worst-performing index, with the potential for significant or total loss of principal. The estimated initial value is $9.76 per Note (not less than $9.36 at pricing), and payments depend on Bank of Montreal’s credit; the Notes will not be listed and may have limited liquidity.
Bank of Montreal is offering US$600,000 of senior unsecured Series K Autocallable Barrier Notes due July 16, 2029, linked to the least performing of the S&P 500 Index, NASDAQ-100 Index and Russell 2000 Index. The notes pay a 0.7917% monthly contingent coupon (approximately 9.50% per annum) only if on each observation date all three indexes are at or above 60.00% of their initial levels.
Beginning January 13, 2027, if all reference assets are at or above 100.00% of their initial levels on an observation date, the notes are automatically redeemed at par plus any due coupon. If held to maturity and no index closes below its 60.00% trigger level, investors receive par plus the final contingent coupon; otherwise, repayment is reduced in proportion to the decline of the weakest index, potentially to zero. The estimated initial value is $987.55 per $1,000, and the notes are unsecured obligations not insured by FDIC, CDIC or similar schemes.
Bank of Montreal is offering US$4,400,000 of senior medium-term Autocallable Barrier Notes with Contingent Coupons due July 16, 2029, linked to the EURO STOXX 50®, NASDAQ-100® and Russell 2000® indexes. The notes are unsecured obligations and are not insured by any government agency.
The notes pay 2.125% per quarter (approximately 8.50% per year), or $21.25 per $1,000, only if each index closes on an observation date at or above its coupon barrier set at 70% of its initial level. Beginning January 13, 2027, if each index is at or above its initial level, the notes are automatically redeemed at par plus the applicable coupon. If not called, investors receive par at maturity only if the worst-performing index finishes at or above 50% of its initial level; otherwise, principal is reduced one-for-one with that index’s decline, potentially to zero. The estimated initial value is $970.14 per $1,000, below the issue price, reflecting dealer compensation, hedging and the issuer’s funding costs.
Bank of Montreal is issuing US$3,000,000 of Senior Medium‑Term Notes, Series K, autocallable barrier notes with memory coupons due July 16, 2029, linked to the common shares of MDA Space Ltd. The notes pay a contingent quarterly coupon of 3.575% of principal (US$35.75 per US$1,000), only if MDA’s closing share price on the relevant observation date is at or above the coupon barrier of US$17.70, which is 50.00% of the initial level of US$35.39; missed coupons can be paid later under a memory feature.
Beginning January 13, 2027, if on an observation date MDA closes above the call level of 100.00% of its initial level, the notes are automatically redeemed at par plus any due coupons. If not called, at maturity investors receive US$1,000 per US$1,000 of principal so long as the final share price is at or above the trigger level of US$17.70; if the final level is below the trigger, repayment is reduced proportionally to MDA’s decline and can be zero. The notes are unsecured obligations of Bank of Montreal, not insured deposits, and their estimated initial value is US$908.20 per US$1,000, below the US$1,000 price to the public, reflecting structuring and distribution costs.
Bank of Montreal is offering US$650,000 of Senior Medium‑Term Notes, Series K, Autocallable Barrier Notes with Contingent Coupons due July 16, 2029, linked to the least performing of the S&P 500 Index, NASDAQ‑100 Index and Russell 2000 Index. The notes are unsecured obligations of Bank of Montreal and are not insured by any government agency.
The notes pay a contingent coupon of 0.9625% per month (approximately 11.55% per year), or $9.625 per $1,000 note, on monthly dates only if all three indices close at or above 70% of their initial levels. Beginning January 13, 2027, if on an observation date the closing level of each index is greater than its initial level, the notes are automatically redeemed at par plus the coupon. If not called, each $1,000 note returns $1,000 at maturity only if no Trigger Event occurs; a Trigger Event happens if any index finishes below 70% of its initial level, in which case repayment is reduced in proportion to the worst-performing index and can be zero. The estimated initial value is $988.61 per $1,000, lower than the issue price, reflecting dealer compensation and hedging costs.