Bank of Montreal has issued Equity Index Linked Securities due December 24, 2026, linked to the Russell 2000® Index. The notes offer leveraged upside participation of 125% to a cap of 24.60% return, with 10% downside buffer protection.The securities have a face amount of $1,000 per note and do not pay interest. At maturity, investors will receive the face amount plus a return based on the index performance, subject to the maximum return. If the index declines by more than 10%, investors will lose 1% for every 1% decline beyond 10%.The notes are subject to Bank of Montreal's credit risk. The estimated initial value of $956.32 per note is less than the issue price. Wells Fargo Securities is acting as distribution agent. The securities are not listed and may have limited liquidity.

Bank of Montreal has issued Equity Index Linked Securities due December 24, 2026, linked to the Russell 2000® Index. The notes offer leveraged upside participation of 125% to a cap of 24.60% return, with 10% downside buffer protection.The securities have a face amount of $1,000 per note and do not pay interest. At maturity, investors will receive the face amount plus a return based on the index performance, subject to the maximum return. If the index declines by more than 10%, investors will lose 1% for every 1% decline beyond 10%.The notes are subject to Bank of Montreal's credit risk. The estimated initial value of $956.32 per note is less than the issue price. Wells Fargo Securities is acting as distribution agent. The securities are not listed and may have limited liquidity.