Bank of Montreal issues a preliminary pricing supplement for Senior Medium-Term Notes, Series K—ETF Linked Securities with auto-call and leveraged upside participation linked to the iShares Expanded Tech-Software Sector ETF. The offering is priced at an Original Offering Price of $1,000 per security with an estimated initial value of $964.20 and an estimated minimum initial value at pricing of $915.00. The notes feature an automatic call on May 21, 2027 if the Underlier closes at or above the starting value, a call premium of at least 16.55%, an upside participation rate of 125%, and a downside threshold equal to 70% of the starting value. If not called, the stated maturity date is May 23, 2029, and the maturity payment depends on the Underlier's ending value, including full loss exposure if the ending value is below the threshold. The securities are unsecured obligations of Bank of Montreal and carry issuer credit risk and tax-treatment uncertainty as described in the supplement.
Bank of Montreal launches a preliminary pricing supplement for Senior Medium-Term Notes, Series K: equity-linked, auto-callable notes due May 23, 2029 linked to the lowest performing of CRWD, PLTR and TSLA. The offering price is $1,000 per security with proceeds to Bank of Montreal of $976.75 per security and an agent discount of $23.25 per security. Pricing date is May 18, 2026 and issue date is May 21, 2026. The securities pay monthly contingent coupons (contingent coupon rate determined on pricing date, at least 21.00% per annum), are auto-callable if the lowest performing underlier closes at or above its starting value on specified calculation days, and expose holders to downside principal risk if the lowest performing underlier finishes below 50% of its starting value on the final calculation day. The estimated initial value on the preliminary pricing supplement is $964.90 (not less than $915.00 at pricing) and the notes are unsecured obligations of Bank of Montreal.
Bank of Montreal is offering additional Exchange Traded Notes — Energy -3X Inverse Leveraged ETNs — as an Amendment No. 5 to the February 14, 2023 pricing supplement.
The amendment adds $12,500,000 of additional notes, bringing the outstanding aggregate principal amount of this tranche to $50,000,000 (2,000,000 notes at $25 per note as expected May 13, 2026). The notes provide a daily resetting -3x inverse exposure to the Solactive MicroSectors™ Energy Index (ticker BIGOIL), do not pay interest, do not guarantee principal, and charge a $0.95% per annum Daily Investor Fee plus potential negative Daily Interest and a 0.125% Redemption Fee. The notes are listed on the NYSE under ticker WTID and are intended as short-term daily trading tools rather than buy-and-hold investments.
Bank of Montreal priced a primary offering of $4,500,000 of Senior Medium-Term Notes, Series K, redeemable fixed-rate notes due May 14, 2031. The Notes pay interest at 5.00% per annum, in denominations of $1,000 per Note, and are redeemable at 100% on semi-annual Optional Redemption Dates commencing May 14, 2027. The Notes are bail-inable and subject to conversion under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act, which binds holders to the applicable Canadian bail-in regime. The offering price was $1,000.00 per Note (original issue price), with proceeds to the bank of $996.00 per Note after an underwriting discount of $4.00 per Note.
Bank of Montreal is offering $1,500,000 aggregate Principal Amount of Senior Medium‑Term Notes, Series K, in denominations of $1,000 per Note. The Notes carry a fixed 4.75% annual interest rate, pay interest semi‑annually, have a stated maturity of May 14, 2031 and an Issue Date of May 14, 2026. The Notes are redeemable in whole (but not in part) on semi‑annual Optional Redemption Dates beginning May 14, 2028, at 100% of principal plus accrued interest. The Notes are unsecured, will not be listed on an exchange and are bail‑inable under the Canada Deposit Insurance Corporation Act, permitting conversion into common shares under specified statutory powers.
Bank of Montreal is offering $1,500,000 aggregate principal of Senior Medium-Term Notes, Series K — redeemable fixed-rate notes due November 14, 2033. The Notes pay interest at 5.00% per annum, payable semi‑annually on each May 14 and November 14, and are redeemable in whole by the issuer on semi‑annual optional redemption dates.
The Notes are denominated in $1,000 increments, priced at an original issue price of $1,000.00 per Note with an underwriting discount of $7.50 per Note. The Notes are unsecured, will not be listed on an exchange, and are bail-inable under the Canada Deposit Insurance Corporation Act, permitting conversion into common shares under specified statutory powers.
Bank of Montreal published a preliminary pricing supplement for Senior Medium‑Term Notes, Series K—equity‑linked, auto‑callable securities with contingent monthly coupons and contingent downside principal risk, offered at an original offering price of $1,000 per security.
The pricing supplement ties each security to the lowest performing of Broadcom Inc. (AVGO), Palantir Technologies Inc. (PLTR) and Tesla, Inc. (TSLA), sets the pricing date as May 18, 2026, the issue date as May 21, 2026 and a stated maturity of May 23, 2029. The securities pay contingent monthly coupons (the contingent coupon rate will be at least 21.03% per annum), are subject to automatic call if the lowest performing underlier closes at or above its starting value on specified calculation days, and expose holders to potential loss of principal if the lowest performing underlier falls below its downside threshold (50% of starting value) at maturity.
Bank of Montreal priced $1,500,000 of Senior Medium-Term Notes, Series K — redeemable fixed-rate notes due May 14, 2036. The Notes pay 5.25% per annum, accrue semi‑annual interest beginning November 14, 2026, and were issued at $1,000.00 per note on May 14, 2026.
The offering is redeemable by the issuer on semi‑annual Optional Redemption Dates beginning May 14, 2027. The Notes are bail-inable under the Canada Deposit Insurance Corporation Act and may be converted into common shares under subsection 39.2(2.3) of the CDIC Act. Original issue price per note was $1,000.00, underwriting discount $10.00 per note, and proceeds to Bank of Montreal $990.00 per note.
Bank of Montreal is offering $3,000,000 of Senior Medium‑Term Notes, Series K. The Notes are redeemable fixed‑rate obligations with a 5.35% per annum coupon, a stated maturity of May 14, 2038, and $1,000 principal per Note. The issuer may redeem the Notes in whole (but not in part) on semi‑annual Optional Redemption Dates beginning May 14, 2028. The Notes are bail‑inable under the CDIC Act and may be converted into common shares of Bank of Montreal in accordance with Canadian bank resolution powers. Original issue price was $1,000.00 per Note; total proceeds to Bank of Montreal were $2,974,500.00 after underwriting discounts.
Bank of Montreal is offering $1,500,000 of Senior Medium-Term Notes, Series K, redeemable fixed-rate notes due May 14, 2029. The Notes are issued at $1,000.00 per Note with a 4.30% fixed annual interest rate, semiannual interest payments beginning November 14, 2026. The issuer may redeem the Notes in whole (but not in part) on semiannual Optional Redemption Dates from May 14, 2027 through November 14, 2028 at 100% of principal plus accrued interest. The Notes are bail-inable and subject to conversion under subsection 39.2(2.3) of the Canada Deposit Insurance Corporation Act, and payments are unsecured and subject to Bank of Montreal credit risk.