Bank of Montreal priced Series K equity-linked senior medium-term notes offering market-linked, auto-callable securities due May 18, 2029. The securities have a face amount and original offering price of $1,000 per security and an estimated initial value of $929.20 per security on the pricing date.
The notes pay a contingent monthly coupon at a 41.00% per annum rate (monthly payment = ($1,000×41%)/12) only when the lowest-performing underlier (Intel, Micron, Starbucks) closes at or above its coupon threshold (70% of its starting value) on the monthly calculation day. The securities are automatically called if the lowest-performing underlier closes at or above its starting value on certain monthly observation dates. At maturity you receive principal or a reduced principal tied to the performance factor of the lowest-performing underlier; downside threshold = 70% of starting value. All payments are subject to Bank of Montreal credit risk.
Bank of Montreal (BMO) priced Senior Medium-Term Notes, Series K—market linked notes with principal return at maturity and upside participation. The notes have a $1,000 principal per note, an original offering price of $1,000 and an estimated initial value of $948.63 per note. Issue date is May 20, 2026 and the stated maturity date is October 18, 2029 (subject to postponement). The notes link to an approximately equally weighted basket of the EURO STOXX 50®, Russell 2000® and S&P 500® indices. The upside participation rate is 100%. On maturity you receive $1,000 plus $1,000 times the average basket return if the average ending value exceeds the 100.00 starting value; otherwise you receive the $1,000 principal. Calculation days are quarterly on the 15th of Feb/May/Aug/Nov starting August 2026, with the final calculation day referenced as October 15, 2029. The notes are unsecured obligations of BMO, not FDIC/Deposit Insurance protected, and expose holders to BMO credit risk and market, averaging, liquidity, tax and index-specific risks.
Bank of Montreal priced a US$3,334,000 offering of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Antero Resources Corporation common stock (ticker AR). The notes have an Initial Level of $36.74, a monthly contingent coupon of 1.3333% (approximately 16.00% per annum), a Coupon Barrier of $25.72 (70.00% of Initial Level) and a Trigger Level of $22.04 (60.00% of Initial Level).
The notes pay contingent coupons monthly beginning June 19, 2026, are callable beginning on January 13, 2027 if the Reference Asset closes at or above the Call Level (100% of Initial Level), and mature on May 19, 2028. Payment at maturity is cash only and depends on the Final Level; if a Trigger Event occurs, principal may be reduced based on the Percentage Change. The estimated initial value on the Pricing Date was $982.50 per $1,000.
Bank of Montreal is offering US$2,695,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due May 21, 2029. The notes pay quarterly contingent coupons at a Contingent Interest Rate of 8.375% per quarter (approximately 33.50% per annum) if each Reference Asset meets its coupon barrier on an Observation Date. The Reference Assets are MSFT ($409.43), MU ($776.01) and NVDA ($235.74) as of pricing. Beginning August 18, 2026, the notes auto‑redeem if each Reference Asset closes at or above its Call Level (100% of Initial Level) on an Observation Date; on redemption investors receive principal plus any due Contingent Coupons. If not redeemed, maturity payoff depends on the Least Performing Reference Asset and a Trigger Level equal to 60% of each Initial Level. If a Trigger Event occurs, holders receive a Physical Delivery Amount (shares) or, at the issuer’s election, a Cash Delivery Amount that will be worth less than principal. The public offering price is 100% (agent commission 2.00%); estimated initial value is $4,590.05 per $5,000.
Bank of Montreal (BMO) is offering US$250,000 aggregate principal of Senior Medium-Term Notes, Series K — Capped Buffer Notes linked to the NASDAQ-100 Index®. The notes mature on May 19, 2031 and provide 1:1 upside participation up to a Maximum Redemption Amount of $1,735.00 per $1,000 (a 73.50% cap). The notes include a 20.00% buffer: if the index declines by no more than 20.00% from the Initial Level of 29,580.30, investors receive principal back; declines beyond that produce losses of 1% of principal per 1% index decline, up to an 80.00% loss. The notes pay no interest, are unsecured obligations of BMO, are not listed, and are subject to the issuer’s credit risk. Pricing and settlement dates: Pricing Date May 14, 2026, Settlement May 19, 2026, Valuation and Maturity May 14/19, 2031. The initial estimated value was $948.14 per $1,000; the public offering price included commissions and hedging costs.
Bank of Montreal priced a structured note offering linked to the S&P 500® Index. The notes were issued at an original issue price of $1,000 per note for a total principal amount of $20,355,000. The trade date is May 14, 2026, the original issue date is May 19, 2026, the determination date is July 17, 2028 and the stated maturity date is July 19, 2028 (both subject to postponement).
The notes do not pay interest. If the final index level on the determination date is at or above the threshold level of 85.00% (6,376.054) of the initial level (initial level 7,501.24), each $1,000 note will pay the threshold settlement amount of $1,196.50. If the final level is below the threshold, holders absorb downside: the notes lose approximately 1.1765% of principal for every 1% decline below the threshold, and could lose some or all principal. The estimated initial value on the trade date is $996.88 per $1,000 principal amount.
Bank of Montreal (BMO) is offering market‑linked, auto‑callable senior medium‑term notes due May 24, 2029 that pay monthly contingent coupons and return principal at maturity only if the lowest performing Underlier stays above a 50% downside threshold. The offering price is $1,000 per security; estimated initial value at the preliminary pricing is $961.10 (will not be less than $920.00 at pricing). The contingent coupon rate will be determined on pricing and will be at least 23.40% per annum. Calculation days are monthly (21st of each month) starting June 2026 with automatic call observation windows from November 2026 to April 2029. If not called, maturity payment depends solely on the performance factor of the lowest performing Underlier (Amazon, IBM, Marvell) and can result in loss of principal if that Underlier falls below 50% of its starting value. Pricing date and issue date are May 21, 2026 and May 27, 2026, respectively. Purchasers bear BMO credit risk; secondary market liquidity is limited and contingent coupon and tax treatment carry additional risks.
Bank of Montreal priced senior medium-term equity-linked securities (face amount $1,000) linked to the lowest performing of INTC, PLTR and UNH. The offering price is $1,000 per security and our estimated initial value was $932.28 per security. The securities pay a 27.00% per annum contingent coupon monthly (with a memory feature) and are auto-callable if the lowest performing Underlier equals or exceeds its starting value on certain monthly calculation days. If not called, principal at maturity depends on the lowest performing Underlier: full face amount if its ending value is >= 50% of its starting value, otherwise the principal is reduced pro rata to that Underlier’s performance factor. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk. Terms include monthly calculation days from June 2026 through May 2029, a stated maturity of May 17, 2029, and an agent discount up to $23.25 per security.
Bank of Montreal priced $10,000,000 of Senior Medium‑Term Notes, Series K, a fixed‑rate senior unsecured note issue. The Notes are $1,000 per note, carry a 4.35% per annum fixed interest rate, were issued on May 20, 2026 and mature on November 20, 2028.
The Notes pay interest semi‑annually on May 20 and November 20, are redeemable by the Bank in whole (but not in part) at 100% on scheduled Optional Redemption Dates, and are bail‑inable under the Canada Deposit Insurance Corporation Act, meaning they may be converted into common shares under that statute.
Bank of Montreal priced an offering of Market Linked Securities — auto-callable, contingent coupon notes linked to the lowest performing common stock of AMD, CrowdStrike and Oracle, with a face amount of $1,000 per security.
The pricing date was May 14, 2026 and the issue date is May 19, 2026. The pricing supplement states an estimated initial value of $941.83 per security and a contingent coupon rate of 24.30% per annum. The offering materials show a total offering at the original offering price of $1,908,000 with proceeds to Bank of Montreal of $1,863,639.