Bank of Montreal is pricing US$707,000 of Senior Medium-Term Notes, Series K — Digital Return Barrier Notes due April 05, 2028 — linked to the least performing of the S&P 500®, the NASDAQ-100® and the Russell 2000®. The notes pay a 21.50% Digital Return at maturity if the Least Performing Reference Asset ends at or above 70.00% of its April 30, 2026 Initial Level. If that Least Performing Reference Asset falls below the 70.00% Barrier, investors suffer a linear principal loss of 1% per 1% decline, potentially losing up to 100% of principal. Notes are unsecured, non‑interest bearing, not exchange‑listed, issued in $1,000 denominations, and subject to Bank of Montreal credit risk. The estimated initial value was $990.51 per $1,000 on the Pricing Date; price to public was 100%.
Bank of Montreal is offering US$918,000 in Senior Medium-Term Notes, Series K — market-linked notes due May 05, 2031 — linked to the S&P 500® Futures Excess Return Index. Each note has a $1,000 minimum denomination. At maturity investors receive the principal plus 131.00% upside participation on any positive percentage change in the Reference Asset; if the Final Level is less than or equal to the Initial Level, investors receive only the $1,000 principal per note. The Initial Level was 581.37 on the Pricing Date and the estimated initial value was $962.69 per $1,000 on the pricing date. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk.
Bank of Montreal is offering $2,341,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Enhanced Return Notes due May 07, 2029, linked to the least performing of the Dow Jones Industrial Average, the NASDAQ-100, and the Russell 2000. The notes pay no interest and may be automatically redeemed on May 06, 2027 if each Reference Asset closes above its Call Level, in which case holders receive principal plus a Call Amount of $225.00 per $1,000.
If not called, maturity payoff depends solely on the Least Performing Reference Asset: if its Final Level is at or above Initial Level, holders receive leveraged upside equal to 175.00% of the Percentage Change; if its Final Level is between the Initial Level and the Barrier Level (70.00% of Initial Level), holders receive principal only; if below the Barrier Level, holders lose 1% of principal for each 1% decline and may lose up to 100% of principal.
Bank of Montreal is offering US$1,569,000 of Senior Medium-Term Notes, Series K — Capped Contingent Risk Absolute Return Buffer Notes due May 05, 2028 linked to the S&P 500® Index. The notes provide 1:1 upside participation capped at a Maximum Redemption Amount of $1,180.00 per $1,000 (an 18.00% maximum return) and a 20.00% downside buffer: if the index declines up to 20% from the Initial Level you can still receive a positive cash return (up to a $1,200.00 downside redemption). Losses occur dollar-for-dollar beyond the 20% buffer, with up to 80.00% principal loss possible. The notes pay no interest, are unsecured obligations of Bank of Montreal, are not exchange-listed, and all payments are subject to the issuer's credit risk. The estimated initial value on the Pricing Date was $985.08 per $1,000.
Bank of Montreal priced a market-linked note offering: senior medium-term, equity index linked securities due May 3, 2029, with a face amount of $1,000 per security and an original offering price of $1,000. The estimated initial value on the pricing date was $977.39 per security. The notes are auto-callable on the first call date (May 5, 2027) if the lowest performing underlier closes at or above its starting value, in which case holders receive the face amount plus a 22.80% call premium. If not called, the maturity payment depends on the performance of the lowest performing underlier on the final calculation day (April 30, 2029), with an upside participation rate of 150% for positive returns and a contingent downside that exposes holders to losses greater than 25% if the lowest performing underlier falls below its 75% threshold.
Bank of Montreal priced Market Linked Notes (Series K) linked to Veeva Systems Class A common stock. The securities have a face amount of $1,000 per security, an estimated initial value of $976.34 per security and a stated maturity date of May 3, 2027. They pay monthly contingent coupons at a 12.00% per annum rate when the closing value of Veeva meets or exceeds a coupon threshold equal to 50% of the starting value. The starting value is $155.97 and the coupon/downside threshold is $77.985. The notes are auto-callable if Veeva’s closing value on certain monthly calculation days is greater than or equal to the starting value; if called, holders receive the face amount plus accrued contingent coupons. If not called, principal at maturity is either $1,000 (if the ending value is at or above the downside threshold) or $1,000 × performance factor (full downside exposure if ending value is below the downside threshold). The offering table shows total original offering proceeds of $819,000.00 and proceeds to BMO of $806,100.75.
Bank of Montreal is issuing an additional $1,250,000,000 aggregate principal amount of its Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs, bringing the tranche to an aggregate $2,500,000,000 outstanding. Each note has a principal amount of $2,500 after reverse splits and is listed on NYSE under ticker OILD.
The notes provide a daily-resetting -3x inverse exposure to the Solactive MicroSectors Oil & Gas Exploration & Production Index, carry a 0.95% annual Daily Investor Fee, may incur negative Daily Interest (US Federal Funds Effective Rate minus an Interest Rate Spread of 2.00% to 4.00%), and do not guarantee return of principal. The notes are intended as intraday trading tools for sophisticated investors and are highly path-dependent and risky.
Bank of Montreal is offering US$997,000 of Senior Medium-Term Notes, Series K — capped market-linked notes due May 05, 2031 — linked to the S&P 500® Index. The notes provide 1-to-1 upside participation subject to a Maximum Redemption Amount of $1,426.70 per $1,000 (a 42.67% cap). If the Final Level is at or below the Initial Level, investors receive only principal. The notes pay no interest, are unsecured obligations of Bank of Montreal, are subject to its credit risk, will not be listed, and were priced at 100% of principal (aggregate public offering $997,000).
Bank of Montreal is issuing US$2,530,000 of Senior Medium‑Term Notes, Series K — 2.5‑year Digital Return Barrier Notes due August 05, 2027 linked to the least performing of the S&P 500® and Russell 2000®. The notes pay a 13.22% Digital Return if the Least Performing Reference Asset finishes at or above 75.00% of its April 30, 2026 level; if the Least Performing Reference Asset falls below that barrier, investors participate 1:1 in losses and may lose up to 100% of principal. The notes were priced at 100% of principal, have an estimated initial value of $988.41 per $1,000, and are unsecured obligations subject to Bank of Montreal credit risk. BMOCM is the agent and calculation agent for the offering.
Bank of Montreal offers US$2,749,000 in Senior Medium‑Term Notes, Series K, capped market‑linked to Amazon.com, Inc. common stock. The notes pay no interest, mature on May 07, 2029, and cap upside: the Maximum Redemption Amount is $1,288.00 per $1,000 principal (a 28.80% return).
Holders receive full principal at maturity if Amazon's Final Level is at or below the Initial Level of $265.06. All payments are subject to Bank of Montreal credit risk and the notes are cash‑settled only.