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Bank of Montreal priced a preliminary offering of Market Linked Securities — leveraged upside participation, contingent downside principal-at-risk notes linked to the S&P 500® Index with a stated maturity date of April 15, 2031. The securities have an original offering price of $1,000 per security and an estimated initial value on the pricing supplement of $950.80 per security (not less than $920.00 at pricing). The securities pay no interest, offer a 175% upside participation rate subject to a maximum return of at least 60.75%, and provide contingent downside protection only to a threshold equal to 80% of the starting value; if the ending value is below that threshold, investors bear full downside (losses greater than 20% up to total loss).

The securities are unsecured obligations of Bank of Montreal, are subject to the issuer's credit risk, may have postponed calculation/maturity dates for market disruption events, and may have limited or no secondary market. U.S. federal tax treatment is uncertain; the offering memorandum discusses possible characterizations and withholding risks.

Bank of Montreal offers market-linked notes — securities linked to the Russell 2000® Index sold at an original offering price of $1,000 per security with an estimated initial value of $948.02 per security. The notes mature on April 4, 2028 (calculation day March 30, 2028) and provide 200% upside participation in the Underlier up to a maximum return of 24.50% (maximum maturity payment $1,245.00).

If the ending index value is at or above the starting value, holders receive $1,000 plus the lesser of the 200% participation return or the maximum return. If the ending value falls below the threshold (90% of the starting value = 2,172.6054), investors incur 1-to-1 losses beyond the 10% buffer, potentially losing up to 90% of principal. The pricing supplement warns of credit risk of Bank of Montreal, limited secondary market liquidity, uncertain U.S. federal tax treatment, and model-based estimated value.

Bank of Montreal is offering unsecured, structured Market Linked Securities—auto-callable notes linked to the American Depositary Shares of Novo Nordisk A/S with a pricing date of March 30, 2026, issue date April 2, 2026, and stated maturity of April 5, 2029. The original offering price is $1,000 per security and the issuer's estimated initial value is $967.30 per security.

The notes pay a contingent quarterly coupon at a 16.80% per annum rate (paid only if the Underlier's closing value on each quarterly calculation day is ≥ the coupon threshold of $21.174, equal to 60% of the starting value). The starting value is $35.29. The notes are automatically called early if on any scheduled calculation day from June 2026 through December 2028 the Underlier closes at or above the starting value; if not called, principal at maturity is either $1,000 (if ending value ≥ 60% of starting) or $1,000 × (ending/starting), exposing holders to full downside below the 60% threshold.

Bank of Montreal offers principal-protected structured notes linked to the S&P 500® Index with defined upside and a limited downside buffer. The offering sells notes at $1,000 principal per note with total original issue proceeds of $2,699,000. The notes pay no interest and mature on February 24, 2028 (subject to postponement). If the S&P 500 final level on the determination date is above the initial level of 6,343.72, investors participate at an 160% upside participation rate up to a capped cash payment of $1,279.52 per note. If the final level falls by more than 12.50% (below the buffer level of 5,550.755), investors lose approximately 1.1429% of principal for each 1% decline below the buffer threshold and could lose all principal. The issuer is Bank of Montreal; payments are subject to its credit risk and the notes are unsecured and not FDIC‑insured.

Bank of Montreal priced Market Linked Securities (Series K)—auto-callable, contingent coupon with memory, linked to the lowest performing stock of Constellation Energy (CEG), Duke Energy (DUK) and NextEra Energy (NEE), maturing April 3, 2029. Original offering price is $1,000 per security and the issuers estimated initial value was $941.87 per security. The contingent coupon rate is 16.80% per annum, payable monthly if the lowest-performing underlier on each calculation day is at or above its coupon threshold (60% of starting value). If auto-called on a calculation day where the lowest-performing underlier is at or above its starting value, holders receive face amount plus coupon(s). At maturity, if not called, holders receive $1,000 if the lowest-performing underliers ending value is at or above its downside threshold (60% of starting value); otherwise maturity equals $1,000 × performance factor, exposing holders to up to a full loss of principal. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk.

Bank of Montreal priced US$1,098,000 Senior Medium-Term Notes, Series K: autocallable barrier notes linked to the least performing of the VanEck Gold Miners ETF (GDX), the NASDAQ-100 Index (NDX) and the Russell 2000 Index (RTY). Pricing Date was March 30, 2026, Settlement April 02, 2026, Valuation Date March 28, 2030 and Maturity April 02, 2030. The notes pay a contingent coupon of 1.625% per month (approximately 19.50% per annum) when each Reference Asset on an Observation Date is at or above its Coupon Barrier (70% of Initial Level). Beginning March 30, 2027, the notes will autocall if each Reference Asset is at or above its Call Level (100% of Initial Level) on an Observation Date. At maturity, if not called and if any Reference Asset is below its Trigger Level (70% of Initial Level), redemption is based on the percentage change of the least performing Reference Asset and may result in a repayment substantially below principal. The estimated initial value was $955.58 per $1,000 on the Pricing Date. These notes are unsecured obligations and involve significant risks described in the product and prospectus supplements.

Bank of Montreal offers US$500,000 Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due April 02, 2029, linked to the least performing of JPMorgan Chase (JPM), Morgan Stanley (MS) and The Charles Schwab Corporation (SCHW). The notes pay monthly contingent coupons of 1.0833% per month (approximately 13.00% per annum) if each reference asset on an Observation Date is at or above its Coupon Barrier Level (60% of Initial Level). Beginning Sept 29, 2026 the notes may be automatically redeemed if each Reference Asset is at or above its Call Level. At maturity, if a Trigger Event occurred and the least performing Reference Asset is below its Initial Level, investors receive a cash amount equal to $1,000 plus the percentage change of that least performing asset, which may be less than principal. The estimated initial value was $976.45 per $1,000 on the Pricing Date and the public offering price ranged up to par.

Bank of Montreal priced a US$500,000 issue of Senior Medium-Term Notes — Autocallable Barrier Notes with Memory Coupons — linked to the least performing of Micron Technology (MU) common stock and TSMC (TSM) ADRs. The notes pay contingent monthly coupons of 2.00% per month (approximately 24.00% per annum) when both reference assets close at or above coupon barriers. Settlement is April 02, 2026 and maturity is April 02, 2029. The notes feature an automatic redemption if both reference assets close at or above their Call Levels on an Observation Date and provide cash settlement at maturity tied to the Least Performing Reference Asset, subject to a 50.00% Trigger Level.

Bank of Montreal priced US$1,813,000 Senior Medium-Term Notes, Series K: Step Down Autocallable Barrier Notes due April 07, 2031 linked to the least performing of the S&P 500®, Russell 2000® and the Dow Jones Industrial Average®. The notes pay scheduled autocall cash amounts beginning April 01, 2027 if each reference asset is at or above specified Call Levels (95.00% on early dates), otherwise final redemption depends on the Least Performing Reference Asset versus Trigger Levels (75.00%). Price to public: 100% ($1,813,000 aggregate); agent’s commission: 2.00% ($36,260); proceeds to issuer: $1,776,740. Estimated initial value: $950.13 per $1,000. The notes are unsecured senior obligations and involve significant structural and market risks described in linked prospectus materials.