Bank of Montreal priced a preliminary offering of Senior Medium-Term Notes, Series K: market-linked, auto-callable securities linked to the lowest performing of AMD, CrowdStrike (CRWD) and Oracle (ORCL). Pricing date is May 14, 2026, issue date May 19, 2026, stated maturity May 17, 2029. The original offering price and face amount are $1,000 per security; the issuer’s estimated initial value is $963.90 and will not be less than $915.00 at pricing. The securities pay monthly contingent coupons (contingent coupon rate at least 24.10% per annum) subject to a memory feature and are automatically called if the lowest performing underlier meets or exceeds its starting value on certain calculation days. If not called, principal at maturity depends solely on the lowest performing underlier: a downside threshold equals 50% of starting value, exposing holders to loss of principal if that underlier falls below the threshold. The notes are unsecured obligations of Bank of Montreal and carry issuer credit risk.
Bank of Montreal (BMO) is offering senior medium-term, equity-linked, auto-callable notes due May 25, 2029 that reference the lowest performing of Alphabet (GOOGL), Micron (MU) and NVIDIA (NVDA). The original offering price is $1,000 per security; the estimated initial value at the preliminary pricing date was $965.10 (not less than $915.00). These securities pay monthly contingent coupons (contingent coupon rate at least 25.10% per annum) only if the lowest performing Underlier meets its coupon threshold on a calculation day. If a calculation day shows the lowest performing Underlier at or above its starting value, the securities will be automatically called and redeemed at face amount plus accrued contingent coupons. At maturity, if not called, the investor receives $1,000 if the lowest performing Underlier is at or above its downside threshold (50% of starting value); otherwise the maturity payment equals $1,000 multiplied by that Underlier’s performance factor, exposing holders to >50% principal loss. Payments are unsecured obligations of BMO and subject to BMO credit risk.
Bank of Montreal priced a primary offering of structured senior medium-term notes: Market Linked Securities—Auto-Callable with Contingent Coupon (with memory) and Contingent Downside Principal at Risk linked to the lowest performing common stock of Intel, Palantir and UnitedHealth.
The securities have an original offering price of $1,000 per security, an estimated initial value of $957.80 (not less than $915.00 at pricing), a contingent coupon rate of at least 26.00% per annum, monthly observation dates starting June 2026, and a stated maturity date of May 17, 2029. Payments and any call feature depend on the performance of the lowest performing Underlier; if not called, principal at maturity can be less than face amount and may be reduced to $0 if the lowest performing Underlier falls to 0% of its starting value. Pricing date is May 14, 2026 and issue date is May 19, 2026. The securities are unsecured obligations of Bank of Montreal and subject to issuer credit risk.
Bank of Montreal is offering auto-callable, equity-linked senior medium-term notes with contingent monthly coupons and downside principal risk tied to the lowest performing share of DexCom (DXCM), NIKE (NKE) Class B and ServiceNow (NOW). The securities have a face amount of $1,000 per security, a pricing date of May 29, 2026, an issue date of June 3, 2026 and a stated maturity date of June 1, 2029. The contingent coupon rate will be set on the pricing date and will be at least 27.20% per annum. The initial estimated value is $954.50 per security (not less than $910.00), the agent discount is $23.25 and proceeds to Bank of Montreal are $976.75 per security. Principal repayment at maturity depends on the ending value of the lowest performing Underlier relative to its 60% downside threshold; if below that threshold, the maturity payment equals $1,000 multiplied by the performance factor of the lowest performing Underlier, and investors may lose more than 40% (possibly all) of principal.
Bank of Montreal (BMO) priced a US$260,000 issuance of Senior Medium-Term Notes, Series K — Barrier Notes linked to the Class B common stock of Paramount Skydance Corporation (ticker PSKY). The notes pay contingent quarterly coupons of 2.925% per quarter (approximately 11.70% per annum) if the Reference Asset closes at or above a coupon barrier of $5.46 (50.00% of the Initial Level) on each Observation Date. The notes mature on May 11, 2028, pay cash at maturity based on the Final Level versus the Initial Level, and return less than principal if a Trigger Event occurs (Final Level < Trigger Level). The public offering price was 100% and the estimated initial value was $927.12 per $1,000.
Bank of Montreal is offering US$450,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to Tesla, Inc. common stock — due May 11, 2028. The notes pay a monthly coupon of 1.0125% per month (approximately 12.15% per annum) and feature automatic redemption beginning May 06, 2027 if the reference asset closes at or above its Call Level. If not called, payment at maturity depends on Tesla's Final Level relative to a Trigger Level of $215.88 (55.00% of the Initial Level). The notes pay cash only and had an estimated initial value of $976.88 per $1,000 on the Pricing Date.
Bank of Montreal is offering US$2,513,000 aggregate principal of Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes due May 11, 2029 linked to the shares of the iShares® MSCI EAFE ETF (EFA). The notes provide 150.00% upside participation in any appreciation of the Reference Asset, capped by a $1,513.00 Maximum Redemption Amount per $1,000 principal. If the Reference Asset falls more than the 15.00% buffer, investors lose 1% of principal per 1% decline beyond that buffer, with maximum principal loss of 85.00%. Notes pay no interest, are unsecured obligations of Bank of Montreal, payable only in cash, and carry issuer credit risk. The issuer's initial estimated value was $993.97 per $1,000.
Bank of Montreal (BMO) priced US$3,600,000 Senior Medium-Term Notes, Series K — Callable Barrier Notes linked to Meta Platforms, Inc. Class A common stock ("META"). The notes pay a coupon of 0.7917% per month (≈9.50% per annum), have an Initial Level of $604.96, a Trigger Level of $302.48 (50.00% of Initial Level), a Pricing Date of May 05, 2026, Settlement Date May 08, 2026, Valuation Date May 03, 2028, and Maturity Date May 08, 2028. The public offering price is 100% of principal and the issuer's estimated initial value is $992.37 per $1,000. If Final Level on the Valuation Date is below the Trigger Level, holders receive a cash amount equal to $1,000 × (Final Level/Initial Level) plus the final Coupon; otherwise holders receive $1,000 plus the final Coupon. The notes are unsecured obligations of BMO and bear the issuer's credit risk.
Bank of Montreal is offering US$540,000 of Senior Medium-Term Notes, Series K Barrier Notes linked to the common stock of BridgeBio Pharma, Inc. The notes pay a Coupon of 1.8125% per month (approximately 21.75% per annum), have an Initial Level of $68.78 and a Trigger Level of $51.59 (75.00% of Initial Level). Pricing Date is May 05, 2026, Settlement Date May 08, 2026, Valuation Date November 04, 2026, and Maturity Date November 09, 2026. If the Reference Asset closes below the Trigger Level during the Monitoring Period, investors may receive a reduced Physical Delivery Amount in shares (or a Cash Delivery Amount) at maturity. The estimated initial value on the Pricing Date was $955.44 per $1,000 in principal.
Bank of Montreal priced an offering of US$5,548,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes linked to the common stock of Carnival Corporation (CCL). The notes pay contingent monthly coupons of 1.32% per month (approximately 15.84% per annum) if the reference stock meets the coupon barrier on observation dates and are callable beginning November 04, 2026. Maturity is June 08, 2027; if not autocalled, principal repayment at maturity depends on Carnival’s final share level relative to a $14.43 trigger/barrier (56.00% of the Initial Level). The public offering price was 100% (with certain advisory accounts offered between $978.50 and $1,000 per $1,000). The issuer estimated an initial value of $959.72 per $1,000 on the pricing date.