Bank of Montreal has issued $925,000 in Autocallable Barrier Enhanced Return Notes due January 4, 2027, linked to the performance of the NASDAQ-100 Index and S&P 500 Index. The notes offer 150% leveraged upside potential if not automatically redeemed early.The notes will be automatically redeemed on January 5, 2026 if both indices close above their initial levels, paying a 13.15% annualized return. If not redeemed early, at maturity investors receive full principal plus 150% of any positive index return, unless either index declines more than 30%, in which case investors are fully exposed to the downside of the worst-performing index.The notes carry risks including potential loss of principal, lack of interest payments, and credit risk of Bank of Montreal. They are intended for investors seeking enhanced returns who can accept the associated risks. The notes will not be listed on any exchange.

Bank of Montreal has issued $925,000 in Autocallable Barrier Enhanced Return Notes due January 4, 2027, linked to the performance of the NASDAQ-100 Index and S&P 500 Index. The notes offer 150% leveraged upside potential if not automatically redeemed early.The notes will be automatically redeemed on January 5, 2026 if both indices close above their initial levels, paying a 13.15% annualized return. If not redeemed early, at maturity investors receive full principal plus 150% of any positive index return, unless either index declines more than 30%, in which case investors are fully exposed to the downside of the worst-performing index.The notes carry risks including potential loss of principal, lack of interest payments, and credit risk of Bank of Montreal. They are intended for investors seeking enhanced returns who can accept the associated risks. The notes will not be listed on any exchange.