Bank of Montreal is offering principal-protected contingent notes linked to the iShares Expanded Tech-Software Sector ETF (IGV) with a stated maturity of May 19, 2027 (subject to postponement). For each $1,000 principal amount, investors will receive $1,184.20 if the final underlier level is at least 90.00% of the initial level ($90.85). If the final level is below that threshold ($81.765), investors lose approximately 1.1111% of principal for each 1% the underlier is below the threshold, potentially losing some or all principal. The notes do not pay interest, are unsecured obligations of Bank of Montreal, are not listed, and have an estimated initial value of $981.83 per $1,000 principal. Sales reflect an original issue price of $1,000 with an underwriting discount of $7.70 per note and proceeds to the issuer of $992.30 per note.
Bank of Montreal priced a US$1,000,000 offering of Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes linked to the least performing of the S&P 500, EURO STOXX 50 and Russell 2000. The notes mature on May 12, 2031 with a valuation date of May 07, 2031 and settle on May 12, 2026.
The notes pay a contingent coupon of 2.14% per quarter (approximately 8.56% per annum) when, on each Observation Date, every reference asset is at or above its Coupon Barrier Level (each set at 70.00% of its Initial Level). Beginning on May 07, 2027, the notes can autocall if each reference asset is at or above its Call Level (100% of Initial Level) on an Observation Date; if autocalled, investors receive principal plus the contingent coupon then due. At maturity, if not called, payment depends on the Percentage Change of the least performing reference asset; a Trigger Event occurs if any Final Level is below its Trigger Level (70.00% of Initial Level), reducing principal pro rata.
Bank of Montreal (BMO) priced US$732,000 aggregate principal amount of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons due May 12, 2032, linked to the least performing of the S&P 500®, Russell 2000® and Dow Jones Industrial Average®. The notes pay a contingent coupon of 0.7292% per month (approximately 8.75% per annum) when each reference asset on an Observation Date is at or above its coupon barrier. The notes are callable by the issuer beginning May 07, 2027 on any Observation Date. At maturity, if any Reference Asset’s Final Level is below its trigger level, holders receive $1,000 × (1 + Percentage Change of the Least Performing Reference Asset), which can be less than principal and may be zero. The estimated initial value on the Pricing Date was $976.50 per $1,000 principal. The public offering price was 100% (and between $992.50 and $1,000 per $1,000 for certain fee-based accounts).
Bank of Montreal priced US$3,650,000 in Senior Medium-Term Notes, Series K: Autocallable Barrier Notes due April 12, 2028, linked to the least performing of the shares of Invesco QQQ Trust (QQQ) and Global X Copper Miners ETF (COPX). Pricing Date was May 07, 2026 and Settlement Date is May 12, 2026. The notes pay a monthly Contingent Coupon of 1.20% (approximately 14.40% per annum) if on an Observation Date each Reference Asset is at or above its Coupon Barrier (60% of Initial Level). Initial Levels: QQQ $694.94, COPX $82.61. Coupon Barrier levels: QQQ $416.96, COPX $49.57. Trigger Levels (50%): QQQ $347.47, COPX $41.31. Automatic redemption may occur beginning August 07, 2026 if both Reference Assets close at or above their Call Level (100% of Initial Level). If not autocalled, final payment equals $1,000 adjusted by the Percentage Change of the Least Performing Reference Asset; a Trigger Event can reduce principal at maturity down to zero. Estimated initial value on the Pricing Date was $974.40 per $1,000 principal amount. The public offering price was 100% (fee-based accounts between $981.25 and $1,000 per $1,000). Cash-only settlement at maturity; tax treatment is described as pre-paid contingent income-bearing derivative contract.
Bank of Montreal priced US$2,150,000 in Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons due May 14, 2029, linked to the least performing of Apple (AAPL), Amazon (AMZN) and Micron (MU). The notes pay a contingent quarterly coupon of 7.145% (approximately 28.58% per year) if each reference asset meets its coupon barrier on observation dates, include an automatic redemption if all reference assets close at or above their initial levels on an observation date, and deliver cash or shares at maturity if the least performing reference asset is below its trigger level. The pricing date was May 07, 2026, settlement on May 12, 2026, and valuation date on May 09, 2029. The estimated initial value on pricing was $4,646.55 per $5,000 principal amount.
Bank of Montreal (BMO) priced US$10,000,000 of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Memory Coupons due November 12, 2027. The notes pay a contingent monthly coupon of 1.2083% (≈14.50% annually) when each reference index closes at or above its coupon barrier. The estimated initial value on the Pricing Date was $990.48 per $1,000 principal. The notes are linked to the least performing of the EURO STOXX 50®, NASDAQ-100® and Russell 2000®. A Trigger Event (an index closing below its 70% Trigger Level during the Monitoring Period) can produce a principal loss at maturity tied to the percentage change of the least performing reference asset. The notes are callable by BMO beginning October 08, 2026. Payment at maturity depends on index performance; contingent coupons (including any unpaid amounts under the Memory Coupon Feature) are payable if conditions are met.
Bank of Montreal priced US$750,000 Senior Medium‑Term Notes, Series K — "Bearish Notes" — linked to the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP). The notes provide 200.00% downside leverage to any depreciation in the Reference Asset up to a Maximum Redemption Amount of $1,390.00 per $1,000. The Initial Level was $169.33 (Strike Date May 06, 2026), the Valuation Date is May 10, 2027, and the Maturity Date is May 13, 2027. The notes pay no interest, are unsecured obligations of the Bank, and are payable only in cash. The public offering aggregated US$750,000; the issuer's estimated initial value was $968.12 per $1,000. All payments are subject to the Bank of Montreal's credit risk.
Bank of Montreal priced a preliminary offering of non‑interest bearing, S&P 500®‑linked principal‑protected notes. Each note has a $1,000 principal amount and a term with a determination date expected within the range of 23 and 26 months after the trade date and a stated maturity date shortly thereafter. The notes pay a cash settlement based on the S&P 500® Index performance: 150% upside participation subject to a maximum settlement amount (expected between $1,200.25 and $1,234.90 per $1,000). A buffer protects against declines up to 15.00%; declines beyond that expose holders to proportional principal losses (approximately 1.1765% loss per 1% decline below the buffer). The notes are unsecured obligations of Bank of Montreal, not FDIC‑insured, not listed, and intended to be held to maturity.
Bank of Montreal priced a preliminary offering of senior medium-term, equity-linked, auto-callable notes due May 23, 2029 linked to the lowest performing of META, NVDA and UNH. The original offering price is $1,000 per security; the estimated initial value is $966.80 (not less than $917.00 at pricing). The securities pay monthly contingent coupon payments (the contingent coupon rate will be at least 19.40% per annum) only if the lowest performing underlier meets its coupon threshold. The notes are subject to automatic call if the lowest performing underlier meets its call threshold on a calculation day. At maturity, if not called, payment depends on the lowest performing underlier’s ending value relative to its downside threshold (60% of starting value), exposing holders to possible loss of more than 40% of principal. Payments are unsecured obligations of Bank of Montreal and subject to issuer credit risk.
Bank of Montreal priced a preliminary offering of Senior Medium-Term Notes, Series K: equity-linked, market‑linked securities due May 23, 2029 tied to the lowest performing shares of Intel (INTC), Meta (META) and NVIDIA (NVDA). The offering price is $1,000 per security with an estimated initial value of $966.70 (not less than $917.00 at pricing). Pricing date is May 18, 2026 and issue date is May 21, 2026.
The notes pay monthly contingent coupons (contingent coupon rate at least 23.16% per annum) subject to the lowest performing Underlier meeting coupon thresholds; an automatic call can occur if the lowest performing Underlier meets its call threshold on certain monthly calculation days. At maturity investors receive the face amount unless the lowest performing Underlier’s ending value is below its downside threshold (50% of starting value), in which case principal is reduced proportionally. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk; tax treatment is uncertain.