Bank of Montreal has issued $499,000 in Senior Medium-Term Notes, Series I, due December 26, 2028. The notes are linked to the performance of the S&P 500® Index, offering 1-to-1 positive return based on index appreciation, subject to a maximum redemption amount of $1,275 per $1,000 principal (27.50% return).The notes do not bear interest and will not be listed on any securities exchange. If the index declines, investors will receive the $1,000 principal amount at maturity. BMO Capital Markets Corp. is acting as the agent for this offering, with a commission of approximately 2.6658%.The estimated initial value of the notes is $941.60 per $1,000 principal amount. All payments are subject to Bank of Montreal's credit risk. The notes are intended for investors seeking index-linked returns with downside principal protection, willing to forgo interest payments and accept a capped upside potential.

Bank of Montreal has issued $499,000 in Senior Medium-Term Notes, Series I, due December 26, 2028. The notes are linked to the performance of the S&P 500® Index, offering 1-to-1 positive return based on index appreciation, subject to a maximum redemption amount of $1,275 per $1,000 principal (27.50% return).The notes do not bear interest and will not be listed on any securities exchange. If the index declines, investors will receive the $1,000 principal amount at maturity. BMO Capital Markets Corp. is acting as the agent for this offering, with a commission of approximately 2.6658%.The estimated initial value of the notes is $941.60 per $1,000 principal amount. All payments are subject to Bank of Montreal's credit risk. The notes are intended for investors seeking index-linked returns with downside principal protection, willing to forgo interest payments and accept a capped upside potential.