Bank of Montreal has issued $3,381,000 in Autocallable Barrier Notes due June 30, 2028, linked to the performance of the S&P 500, NASDAQ-100, and Russell 2000 indices. These structured notes offer potential returns of approximately 10% per annum through automatic call features.
Key features include:
- Notes will be automatically redeemed if all reference indices close at or above 90% of their initial levels on semi-annual observation dates starting June 2026
- Call amounts range from $100 to $300 per $1,000 note
- No guaranteed principal protection - investors risk losing their entire investment if any index falls below 75% of initial level at maturity
- Initial estimated value of $962.30 per $1,000 principal amount
- Notes priced at 100% with 2.50% agent commission
The investment involves significant risks including potential loss of principal, no interest payments, and dependence on Bank of Montreal's credit risk. The notes will not be listed on any securities exchange and are being offered at minimum denominations of $1,000.
Bank of Montreal has issued $1,395,000 in Autocallable Barrier Notes due June 30, 2028, linked to the performance of the S&P 500, NASDAQ-100, and Russell 2000 indices. The notes offer quarterly contingent coupons of 1.925% (7.70% annually) if all reference assets close at or above their 70% barrier levels.
Key features include:
- Automatic early redemption starting December 2025 if all indices exceed their initial levels
- No guaranteed principal protection; investors risk losing 1% for every 1% decline in worst-performing index if below 70% trigger level at maturity
- Initial index levels: S&P 500 (6,092.16), NASDAQ-100 (22,237.74), Russell 2000 (2,136.185)
- Notes priced at 100% with approximately 2.86% agent commission
The estimated initial value is $960.46 per $1,000 principal amount. Notes will be issued in $1,000 denominations and are subject to Bank of Montreal's credit risk. The securities will not be listed on any exchange or subject to CDIC Act conversion provisions.
Bank of Montreal has filed a pricing supplement for Barrier Notes with Contingent Coupons due August 31, 2026, linked to the performance of the Russell 2000 Index and S&P 500 Index. The notes offer monthly contingent coupon payments at 0.55% per month (approximately 6.60% per annum) if both indices remain above their respective Coupon Barrier Levels.
Key features include:
- Principal is at risk if either index falls below its Trigger Level (75% of Initial Level) at maturity
- Monthly coupon payments contingent on both indices staying above 75% of their Initial Levels
- No upside participation beyond fixed coupon payments
- Minimum denomination of $1,000
- Estimated initial value of $966.20 per $1,000 principal amount
The notes carry significant risks including potential loss of principal, no guaranteed coupon payments, and limited returns capped at the contingent coupon rate. All payments are subject to Bank of Montreal's credit risk.
Bank of Montreal has issued $6,425,000 in Autocallable Buffer Notes linked to Merck & Co stock (MRK), due July 27, 2026. The notes offer monthly contingent coupons of 0.5975% (7.17% annually) if MRK's closing price stays at or above the 75% Coupon Barrier Level of $60.24.
Key features include:
- Starting December 2025, notes automatically redeem if MRK closes above the $80.32 Call Level
- 25% downside buffer protection at maturity
- If MRK falls below Buffer Level ($60.24), investors receive shares worth less than principal
- Notes priced at 100% ($1,000 denominations) with 2.15% agent commission
- Estimated initial value of $977.10 per $1,000 principal
These structured notes carry significant risks including potential principal loss, no direct participation in MRK stock appreciation, and are subject to Bank of Montreal's credit risk. The notes are not listed on any exchange and not FDIC insured.
Bank of Montreal has issued Auto-Callable Securities linked to the lowest performing stocks of Microsoft (MSFT) and NVIDIA (NVDA), due June 29, 2028. The securities, priced at $1,000 per unit with total offering of $1,323,000, feature:
- Automatic call feature triggered if the lowest-performing stock equals/exceeds its starting value on call dates
- Call premiums ranging from 24% to 72%, based on approximately 24% annual return
- No interest payments or dividends
- Principal protection if the lowest-performing stock declines ≤40% at maturity
- Full downside exposure if lowest-performing stock declines >40%
Starting values are MSFT: $490.11 and NVDA: $147.90. The estimated initial value is $974.03 per security. Investors face complete credit risk of Bank of Montreal and could lose significant portion or all of principal. Securities are not FDIC insured or bail-inable.