Bank of Montreal has issued $1.237 billion in Senior Medium-Term Notes, Series I Buffer Enhanced Return Notes due January 26, 2026, linked to the NASDAQ-100 Index. The notes offer 200% leveraged upside participation up to a maximum return of 8.50%, with 15% downside protection.The notes do not pay interest and are not listed on any exchange. At maturity, investors will receive the $1,000 principal amount plus 200% of any index gains up to the 8.50% cap. Investors are protected against the first 15% of index declines, but will lose 1% for every 1% decline beyond 15%.BMO Capital Markets Corp. is acting as the agent for this offering. 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.

Bank of Montreal has issued $1.237 billion in Senior Medium-Term Notes, Series I Buffer Enhanced Return Notes due January 26, 2026, linked to the NASDAQ-100 Index. The notes offer 200% leveraged upside participation up to a maximum return of 8.50%, with 15% downside protection.The notes do not pay interest and are not listed on any exchange. At maturity, investors will receive the $1,000 principal amount plus 200% of any index gains up to the 8.50% cap. Investors are protected against the first 15% of index declines, but will lose 1% for every 1% decline beyond 15%.BMO Capital Markets Corp. is acting as the agent for this offering. 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.