Bank of Montreal has issued $1,985,000 in Contingent Risk Absolute Return Buffer Notes due December 24, 2026, linked to the S&P 500 Index. The notes offer 1-to-1 positive return based on S&P 500 appreciation, capped at 14.40%, with downside protection to 85% of the initial index level.If the S&P 500 declines by more than 15% at maturity, investors lose 1% for each 1% decline beyond 15%, with potential losses up to 85% of principal. The notes do not pay interest. BMO Capital Markets is acting as agent for the offering, with a commission of approximately 2.2165%.The notes are subject to Bank of Montreal's credit risk and will not be subject to conversion under the Canada Deposit Insurance Corporation Act. They are priced at 100% of face value and will be issued in minimum denominations of $1,000.

Bank of Montreal has issued $1,985,000 in Contingent Risk Absolute Return Buffer Notes due December 24, 2026, linked to the S&P 500 Index. The notes offer 1-to-1 positive return based on S&P 500 appreciation, capped at 14.40%, with downside protection to 85% of the initial index level.If the S&P 500 declines by more than 15% at maturity, investors lose 1% for each 1% decline beyond 15%, with potential losses up to 85% of principal. The notes do not pay interest. BMO Capital Markets is acting as agent for the offering, with a commission of approximately 2.2165%.The notes are subject to Bank of Montreal's credit risk and will not be subject to conversion under the Canada Deposit Insurance Corporation Act. They are priced at 100% of face value and will be issued in minimum denominations of $1,000.