Bank of Montreal priced US$728,000 in Senior Medium-Term Notes (Series K) — Autocallable Barrier Notes linked to the common stock of Northrop Grumman Corporation (ticker: NOC). The notes price date was May 21, 2026, settle May 27, 2026, and mature on June 30, 2027. The notes pay contingent monthly coupons of 0.7725% per month (~9.27% per annum) when the Reference Asset is at or above a coupon barrier. The Initial Level is $551.58 and the Coupon Barrier and Trigger Level are $402.65 (73.00% of the Initial Level). Beginning November 24, 2026, the notes will be automatically redeemed if the Reference Asset’s closing level on an Observation Date is at or above the Call Level (100% of the Initial Level). At maturity, if not autocalled and if the Final Level is below the Trigger Level, holders will receive a Physical Delivery Amount of shares (or cash at issuer election) equal to $1,000 divided by the Initial Level, which may result in loss of principal.
Bank of Montreal (BMO) is offering Capped Leveraged Index Return Notes® linked to the Invesco S&P 500® Equal Weight ETF due June 2028. The notes have a $10 principal amount per unit, a Participation Rate of 200%, a Threshold Value equal to 90.00% of the Starting Value, and an expected Capped Value in the range of $11.40 to $11.80 per unit. The initial estimated value is expected to be between $9.10 and $9.41 per unit and will be less than the public offering price of $10.00 per unit; the underwriting discount is $0.20 per unit and a hedging charge of about $0.05 per unit applies. Payments at maturity depend on the Ending Value of the Underlying Fund and are subject to BMO’s credit risk.
Bank of Montreal is offering Market Linked Securities—auto‑callable notes due May 24, 2029 linked to the lowest performing of Amazon, IBM and Marvell. The original offering price is $1,000 per security and the issuer’s estimated initial value on the pricing date was $952.35 per security. The notes pay a 23.60% per annum contingent coupon (monthly, with a memory feature) if the lowest performing Underlier on a calculation day is at or above its coupon threshold (50% of starting value). The notes are automatically called if the lowest performing Underlier on certain calculation days equals or exceeds its starting value; otherwise principal at maturity depends on the ending value of the lowest performing Underlier and may be less than the face amount, potentially resulting in a loss of more than 50% or total loss. Pricing date: May 21, 2026; Issue date: May 27, 2026. These are unsecured obligations of Bank of Montreal and carry issuer credit risk.
Bank of Montreal (BMO) is offering Capped Leveraged Index Return Notes® due June 2028 linked to the State Street® SPDR® S&P® Regional Banking ETF (KRE). The notes pay based on the Ending Value of KRE versus the Starting Value, provide a 200% Participation Rate up to a capped return and include a 90% Threshold that preserves principal if the Ending Value stays at or above that level. The Capped Value is expected to be between $12.80 and $13.20 per unit (28.00%–32.00% return); the issuers initial estimated value is expected to be between $9.00 and $9.38 per unit. The public offering price is $10.00 per unit, with an underwriting discount of $0.20 and proceeds to BMO of $9.80 per unit. Payments are subject to BMOs credit risk and to the term sheets risks and tax considerations.
Bank of Montreal priced US$550,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons — linked to the common stock of Netflix, Inc. The notes pay a contingent coupon of 2.675% per quarter (~10.70% per annum) if observation conditions are met, have an Initial Level of $89.33, a Coupon/Trigger Level of $62.53 (70.00% of Initial Level), an automatic redemption feature beginning on May 25, 2027, and mature on May 31, 2029. The estimated initial value was $952.74 per $1,000 on the Pricing Date.
Bank of Montreal (BMO) priced US$504,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due May 29, 2029. The notes are linked to the least performing of the NASDAQ-100 Index (NDX), the XLU ETF and the XLY ETF. Pricing Date was May 20, 2026, settlement on May 26, 2026, and valuation date May 23, 2029.
The notes pay contingent monthly coupons of 0.7417% per month (~8.90% per annum) if each Reference Asset on an Observation Date is at or above its Coupon Barrier (70% of Initial Level). Automatic redemption occurs if, on an Observation Date starting Nov 24, 2026, each Reference Asset is at or above its Call Level (100% of Initial Level). At maturity, if a Trigger Event occurs (any Reference Asset below its Trigger Level, 70% of Initial Level), principal is reduced pro rata to the percentage change of the Least Performing Reference Asset.
Bank of Montreal (BMO) priced US$1,000,000 of Senior Medium‑Term Notes, Series K — Step Down Autocallable Barrier Notes due May 29, 2029 — linked to the least performing of MDT, VST and AXON. The notes pay scheduled automatic redemption amounts on specified Observation Dates if each Reference Asset meets its Call Level, otherwise the maturity payoff depends on the Least Performing Reference Asset and may return less than principal if a Trigger Event occurs. The pricing date was May 20, 2026 and the issuer’s estimated initial value was $972.00 per $1,000 principal. The notes are unsecured obligations of BMO; investors receive cash only at maturity.
Bank of Montreal priced US$1,000,000 Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due May 22, 2029. The notes are linked to the least performing of Medtronic public limited company (MDT), Vistra Corp. (VST) and Axon Enterprise, Inc. (AXON) and were priced on May 20, 2026 with a settlement date of May 22, 2026.
The notes pay a contingent monthly coupon of 2.3333% per month (~28.00% per annum) when each reference asset on a Coupon Observation Date is at or above its Coupon Barrier Level (60% of Initial Level). They are subject to automatic redemption beginning on November 18, 2026 if each Reference Asset is at or above its Call Level (100% of Initial Level). At maturity, if not autocalled, repayment depends on the Percentage Change of the Least Performing Reference Asset and may be less than principal if a Trigger Event (Final Level below the 50% Trigger Level) occurs.
Bank of Montreal priced US$3,378,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons — on May 20, 2026, linked to the least performing of GOOG, AVGO and PLTR. Settlement is May 26, 2026 and maturity is May 31, 2029. The notes pay a Contingent Interest Rate of 4.725% per quarter (approximately 18.90% per annum) when each reference asset meets its 50% Coupon Barrier on observation dates and feature a Memory Coupon. The notes are automatically redeemable beginning on May 25, 2027 if each Reference Asset equals or exceeds its Call Level (100% of initial levels). At maturity, if a Trigger Event occurred (the Least Performing Reference Asset is below its 50% Trigger Level on the Valuation Date), repayment equals $1,000 x (1 + Percentage Change of the Least Performing Reference Asset), which may be less than principal. The estimated initial value on the Pricing Date was $941.98 per $1,000 principal amount.
Bank of Montreal is offering US$1,405,000 aggregate principal of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Memory Coupons due May 31, 2029. The notes are linked to the least performing of the common stocks of Johnson & Johnson, AbbVie and Eli Lilly. They pay contingent monthly coupons of 1.1875% per month (≈ 14.25% per annum) when each reference asset is at or above a coupon barrier. Coupon Barrier and Trigger Levels are set at 60.00% of each Initial Level. The notes are callable by the issuer beginning November 24, 2026. If a Trigger Event occurs (a Reference Asset’s Final Level is below its Trigger Level on the Valuation Date), principal repayment at maturity will be reduced by the percentage decline of the least performing reference asset. The Pricing Date was May 20, 2026, Settlement Date May 26, 2026, and Valuation Date May 25, 2029. The estimated initial value on the Pricing Date was $965.18 per $1,000. The public offering price is generally 100% of principal amount (with certain accounts between $997.50 and $1,000 per $1,000).