By Wendy Van Sickle
Columbus, Ohio, Feb. 10 – Bank of Montreal priced $2.36 million autocallable barrier notes with a contingent coupon due Feb. 10, 2026 linked to the VanEck Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon equal to 14% per year if the ETF closes at or above its coupon barrier level, 60% of its initial level, on the relevant observation date.
The notes will be automatically redeemed at par plus the contingent coupon if the ETF closes at or above its initial level on any monthly observation date after six months.
If the notes are not called and the ETF finishes at or above 60% of its initial level, the payout will be par plus the final coupon. Otherwise, investors will lose 1% for each 1% decline of the ETF from its initial level.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
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| Issue: | Autocallable barrier notes with contingent coupon
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| Underlying ETF: | VanEck Junior Gold Miners ETF
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| Amount: | $2.36 million
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| Maturity: | Feb. 10, 2026
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| Coupon: | 14% per year, payable monthly if ETF closes at or above coupon barrier level on related observation date
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| Price: | Par
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| Payout at maturity: | Par plus final coupon if ETF finishes at or above trigger level; otherwise, lose 1% for each 1% decline of ETF from its initial level
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| Call: | At par plus contingent coupon if the ETF closes at or above initial level on any monthly observation date after six months
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| Initial level: | $37.20
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| Coupon barrier: | $22.32, 60% of initial level
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| Trigger level: | $22.32, 60% of initial level
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 10
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| Agent: | BMO Capital Markets Corp.
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| Fees: | 1.6%
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| Cusip: | 06374VJP2
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