Bank of Montreal priced a preliminary offering of equity index linked senior medium-term notes (market-linked, auto-callable, contingent coupon) with an original offering price of $1,000 per security. The pricing date is May 18, 2026, issue date May 21, 2026, and stated maturity is November 24, 2028.
Proceeds to Bank of Montreal are $976.75 per security (agent discount up to $23.25). The contingent coupon rate will be set on the pricing date and will be at least 7.05% per annum. Payments and principal at maturity depend on the performance of the lowest performing of the Dow Jones Industrial Average®, the Nasdaq-100® and the S&P 500® (downside threshold = 60% of starting value); automatic call and contingent coupon mechanics are described in the pricing supplement.
Bank of Montreal priced a preliminary offering of Senior Medium-Term Notes, Series K—Equity Index Linked Securities linked to the EURO STOXX 50® Index due December 4, 2029. The securities have a face amount of $1,000 per security and an original offering price of $1,000 per security. On the preliminary pricing date the issuer’s estimated initial value was $957.00 per security, with an indicated floor at pricing of $920.00 per security. The agent discount is up to $28.25 per security and proceeds to Bank of Montreal per security are $971.75. Payment at maturity depends on the Underlier return, an upside participation rate to be set at pricing (at least 155.00%), and a threshold value equal to 75% of the starting value; if the ending value is below the threshold, investors bear full downside exposure. This is a preliminary pricing supplement; final terms will appear in the final pricing supplement.
Bank of Montreal is offering senior medium-term, equity index linked notes due December 1, 2028 with a face amount of $1,000 per security. The securities pay a contingent fixed return (to be set on the pricing date) of at least 21.35% if the S&P 500® ending value is greater than or equal to the starting value. The notes provide a 10% buffer against declines in the Underlier; if the ending value is below the threshold (90% of the starting value), holders suffer 1-to-1 losses beyond the buffer and could lose up to 90% of face amount. Original offering price is $1,000, estimated initial value on the preliminary pricing supplement is $964.90 (not less than $920.00 at pricing), and proceeds to Bank of Montreal equal $974.25 per security. Payments are unsecured obligations of Bank of Montreal, subject to its credit risk. The tax treatment for U.S. holders is uncertain and the securities are not listed and may have limited secondary-market liquidity.
Bank of Montreal priced US$1,331,000 of Senior Medium-Term Notes, Series K — Capped Contingent Risk Absolute Return Buffer Notes due June 07, 2027 — linked to the least performing of the S&P 500®, Russell 2000® and the Dow Jones Industrial Average®. The notes provide 125.00% upside exposure subject to a 16.35% Maximum Return (Maximum Redemption Amount $1,163.50 per $1,000) and a 15.00% Buffer on downside performance up to a Maximum Downside Redemption Amount of $1,150.00 per $1,000. If the Least Performing Reference Asset falls more than the Buffer, investors incur losses of 1% per 1% decline beyond the Buffer, potentially losing up to 85.00% of principal. The notes pay no interest, are unsecured obligations of Bank of Montreal, and are subject to the issuer’s credit risk; estimated initial value was $986.94 per $1,000 on the Pricing Date.
Bank of Montreal is offering US$789,000 of Senior Medium-Term Notes, Series K — Digital Return Buffer Notes due May 07, 2027, linked to the least performing of the S&P 500® and Russell 2000®. The notes pay a 7.87% Digital Return if the Least Performing Reference Asset is ≥ 85.00% of its May 1, 2026 level; if that asset falls more than 15.00%, investors lose 1% of principal for each 1% decline beyond 15.00%, up to an 85.00% principal loss.
The notes are unsecured obligations of Bank of Montreal, issued in $1,000 denominations, not listed, and subject to the Bank’s credit risk. BMOCM is the agent and calculation agent. The pricing supplement states an estimated initial value of $977.89 per $1,000 and a public offering price aggregate of $789,000.
Bank of Montreal is offering US$1,688,000 of Senior Medium-Term Notes, Series K — Barrier Enhanced Return Notes due May 6, 2031 — linked to the S&P 500® Futures Excess Return Index. The notes provide 195.00% upside leverage if the Reference Asset rises, a 50.00% barrier, and potential for full principal loss if the Reference Asset falls below the barrier. The notes pay no interest, are unsecured obligations of Bank of Montreal, and were issued at a public offering price of 100% per $1,000 principal amount.
Bank of Montreal is offering US$750,000 in Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Memory Coupons linked to the MerQube US Large-Cap Vol Advantage Index (MQUSLVA). Pricing Date is May 01, 2026, settlement May 06, 2026, and maturity May 06, 2031
Key economic terms: price to public 100%, contingent coupon of 0.8958% per month (≈ 10.75% per annum) payable monthly if the Reference Asset closes at or above the Coupon Barrier Level ($2,454.97, 60% of the Initial Level). Automatic redemption occurs if the Reference Asset closes at or above the Call Level (100% of Initial Level) on an Observation Date. At maturity investors receive principal unless a Trigger Event occurs (Final Level < Trigger Level $2,045.81, 50% of Initial Level), in which case the cash payment equals $1,000 × Percentage Change.
Bank of Montreal (BMO) is offering $5,250,000 in Senior Medium-Term Notes, Series K — Callable Barrier Notes linked to the least performing of the Russell 2000® Index (RTY), the State Street® Consumer Staples Select Sector SPDR® ETF (XLP) and the Nasdaq-100 Technology Sector Index (NDXT). The notes pay monthly contingent coupons of 1.1333% per month (approximately 13.60% per annum) if each Reference Asset on an Observation Date is at or above its Coupon Barrier Level. The notes mature on May 06, 2030, are callable beginning November 03, 2026, and repay principal at maturity unless a Trigger Event occurs, in which case the cash payment equals $1,000 × Percentage Change of the Least Performing Reference Asset. The offering price was 100% of principal and the estimated initial value was $981.39 per $1,000 on the Pricing Date.
Bank of Montreal pricing supplement offers US$1,063,000 in Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons linked to Oracle Corporation common stock. The notes mature on May 07, 2029 with a Pricing Date of May 01, 2026 and a Valuation Date of May 02, 2029.
The notes pay monthly contingent coupons of 1.6333% per month (approximately 19.60% per annum) when the reference asset closes at or above a coupon barrier of $103.10 (60.00% of the Initial Level). The notes are subject to an automatic redemption if the Reference Asset closes at or above the Call Level (100% of the Initial Level) on an Observation Date, and the payment at maturity depends on the Final Level relative to the Trigger Level ($103.10), exposing holders to potential principal loss if the Final Level is below the Trigger Level.
Bank of Montreal priced US$3,176,000 Senior Medium-Term Notes, Series K, Autocallable Barrier Notes with Memory Coupons linked to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000®. The Pricing Date is May 01, 2026, Settlement Date May 06, 2026 and Maturity Date August 06, 2027. The notes pay contingent monthly coupons at a Contingent Interest Rate of 1.0083% per month (approximately 12.10% per annum) when each reference asset closes at or above its Coupon Barrier Level (70% of initial). The notes are automatically redeemable if on any Observation Date each reference asset is at or above its Call Level (100% of initial). If a Trigger Event occurs (any reference asset below its Trigger Level, 65% of initial), the payment at maturity depends on the percentage change of the least performing reference asset and may be less than principal. The public offering price was 100% (agents’ commission 0.25%), and the estimated initial value was $987.91 per $1,000 on the Pricing Date.