Bank of Montreal offers Series K equity-linked, auto-callable notes due May 3, 2029. The pricing supplement sets an original offering price of $1,000 per security and an estimated initial value of $953.24 per security as of the pricing date. The securities pay a contingent coupon of 25.80% per annum monthly when the lowest-performing underlying stock meets its coupon threshold, are linked to the lowest performing of LULU, NOW and TSLA (starting values: $137.70, $88.31, $381.63 respectively as of April 30, 2026), and carry downside principal risk if the lowest-performing Underlier falls below 50% of its starting value. The issue date is May 5, 2026 and the stated maturity is May 3, 2029. Payments are unsecured obligations of Bank of Montreal and are subject to the issuer’s credit risk.
Bank of Montreal (BMO) priced a structured note offering: senior medium-term, equity-linked, market-linked securities linked to Boston Scientific Corporation (BSX) with a $1,000 face amount and an estimated initial value of $959.10 per security.
The securities pay a contingent monthly coupon at 8.37% per annum (with a memory feature), are auto-callable if BSX closes at or above the starting value on specified monthly calculation days between October 2026 and March 2028, and mature on May 3, 2028. If not called and the ending value is below the downside threshold (75% of the starting value = $43.2075), holders receive 23.14413 shares of BSX per security (or cash for fractional shares) and therefore bear downside equity risk; upside participation is limited to coupons only.
Bank of Montreal is offering Market Linked Senior Medium‑Term Notes due May 3, 2028, equity‑linked to the lowest performing of Lockheed Martin (LMT), Packaging Corp. of America (PKG) and Qualcomm (QCOM). Pricing date was April 30, 2026 and issue date May 5, 2026. The securities pay a contingent monthly coupon at a 9.35% per annum rate if the lowest performing underlier on a calculation day is at or above 50% of its starting value; the coupon has a "memory" feature for missed payments. The securities are auto‑callable if the lowest performing underlier on certain calculation days from July 2026 through March 2028 closes at or above its starting value. At maturity you receive $1,000 unless the lowest performing underlier finishes below its 50% downside threshold, in which case the maturity payment equals $1,000 × performance factor (full downside exposure). The issuer's estimated initial value was $935.19 per security and the original offering price was $1,000 per security. These are unsecured obligations of Bank of Montreal and subject to its credit risk.
Bank of Montreal (BMO) priced US$1,611,000 Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons due November 05, 2027. The notes pay a contingent coupon of 0.875% per month (approximately 10.50% per annum) if each reference index on an Observation Date is at or above its coupon barrier. The notes are linked to the S&P 500® (SPX) and the Russell 2000® (RTY), use a 70.00% trigger/barrier (SPX 5,046.31; RTY 1,959.934), and return at maturity either full principal or $1,000 × Percentage Change of the least performing index if a Trigger Event occurs. Pricing Date was April 30, 2026, settlement on May 05, 2026, valuation date November 02, 2027, and maturity November 05, 2027. The estimated initial value on the Pricing Date was $995.74 per $1,000. These are unsecured obligations of BMO; investors should review the detailed risk sections referenced in the supplement.
Bank of Montreal priced US$3,756,000 of Senior Medium-Term Notes, Series K — Callable Barrier Notes with Contingent Coupons due April 05, 2028, linked to the least performing of the S&P 500®, Russell 2000® and the Nasdaq-100 Technology Sector Index. Pricing Date was April 30, 2026 with Settlement on May 05, 2026 and Valuation Date on March 31, 2028. Notes pay a Contingent Coupon of 1.0667% per month (approximately 12.80% per annum) only if each reference asset on an Observation Date is at or above its Coupon Barrier Level (70% of initial level). The issuer may call the notes beginning November 02, 2026. At maturity investors receive principal unless a Trigger Event occurred, in which case payment equals $1,000 + $1,000 × Percentage Change of the Least Performing Reference Asset, which could be less than principal or zero. The estimated initial value was $991.85 per $1,000.
Bank of Montreal is offering US$4,534,000 of Senior Medium‑Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due April 05, 2028, linked to the least performing of the Russell 2000®, the Dow Jones Industrial Average® and the Nasdaq‑100 Technology Sector Index. The notes pay a contingent coupon of 0.775% per month (approximately 9.30% per annum) if on each Observation Date all reference assets are at or above their Coupon Barrier Levels (each set at 60.00% of the Initial Level). The notes are autocallable beginning on November 02, 2026 if all reference assets are at or above their Call Level (100% of Initial Level). If not redeemed, at maturity investors receive $1,000 per $1,000 principal unless a Trigger Event occurs (any Reference Asset final level below its Trigger Level of 60.00% of Initial Level), in which case the maturity payment equals $1,000 plus the Percentage Change of the least performing Reference Asset, which may be less than principal, possibly zero. Price to public is 100% and the estimated initial value on the Pricing Date was $983.98 per $1,000.
Bank of Montreal (BMO) priced US$4,039,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Contingent Coupons due May 06, 2030, linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100 Technology Sector Index. The notes pay monthly contingent coupons of 0.775% (approximately 9.30% per annum) when each reference asset is at or above its 60.00% Coupon Barrier on observation dates. Beginning May 03, 2027, the notes may auto-redeem if each reference asset is at or above its Call Level (100% of initial level) on an Observation Date. At maturity (if not auto-redeemed), holders receive $1,000 per $1,000 unless a Trigger Event occurs; if a Trigger Event occurs the payment equals $1,000 plus the percentage change of the least performing reference asset, which may be less than principal and could be zero.
Bank of Montreal (BMO) priced US$1,982,000 of Senior Medium-Term Notes, Series K — autocallable barrier notes linked to the VanEck Semiconductor ETF (SMH) and the Dow Jones Industrial Average (INDU).
The notes pay a contingent coupon of 1.1708% per month (approximately 14.05% per annum) when each reference asset on an Observation Date is at or above its coupon barrier. The notes may autocall beginning on April 30, 2027 if each reference asset is at or above its call level. If the notes are not called, maturity payment on May 05, 2028 depends on the least performing reference asset; a Trigger Event occurs if any final level is below its Trigger Level, in which case repayment equals $1,000 × (Final/Initial) for the least performing asset.
Bank of Montreal priced a structured note issuance: US$271,000 aggregate principal of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Step Up Call Amount due May 06, 2030, linked to the S&P 500®, Russell 2000® and Nasdaq-100 Technology Sector indices. The notes pay periodic automatic-call opportunities beginning May 06, 2027, with Call Amounts shown per observation date and a final payoff at maturity tied to the performance of the least performing reference asset. Pricing Date was April 30, 2026, settlement on May 05, 2026, and Valuation Date on May 01, 2030. The estimated initial value on the Pricing Date was $984.26 per $1,000 principal amount. The public offering price was 100% of principal, with an approximately 0.3662% agent commission and proceeds to Bank of Montreal of $270,007.50.
Bank of Montreal (BMO) priced a US$500,000 offering of Senior Medium-Term Notes, Series K: Autocallable Barrier Notes with Contingent Coupons due May 07, 2029. The notes link to the least performing of the S&P 500®, NASDAQ-100® and Russell 2000® and pay a contingent coupon of 0.6875% per month (approximately 8.25% per annum) when each reference asset is at or above its coupon barrier on observation dates. The notes are automatically redeemable beginning on Nov 04, 2026 if all reference assets close above their call levels on an Observation Date. At maturity, if a Trigger Event occurs (any reference asset below its 75.00% Trigger Level on the Valuation Date), the cash payment is reduced proportionally to the percentage change of the least performing reference asset. The pricing supplement states an estimated initial value of $958.99 per $1,000 on the Pricing Date and discloses distribution fees, conflicts of interest, jurisdictional offering restrictions and tax characterization guidance.