Bank of Montreal has issued $91,000 in Senior Medium-Term Notes, Series I Market Linked Notes due December 24, 2029. The notes are linked to the performance of the S&P 500® Index and offer 65% leveraged upside participation with principal protection.The notes will be sold at 100% of the principal amount. BMO Capital Markets Corp. will act as the agent, receiving a 3.75% commission. The notes will not bear interest. At maturity, investors will receive the $1,000 principal amount plus 65% of any positive index return, with no cap on potential gains. If the index declines, investors will receive only the principal amount.The notes carry risks including limited upside participation, credit risk of Bank of Montreal, and lack of liquidity. The estimated initial value is $930.01 per $1,000 principal amount. The notes are intended for investors seeking leveraged upside potential with downside principal protection over a 5-year term.

Bank of Montreal has issued $91,000 in Senior Medium-Term Notes, Series I Market Linked Notes due December 24, 2029. The notes are linked to the performance of the S&P 500® Index and offer 65% leveraged upside participation with principal protection.The notes will be sold at 100% of the principal amount. BMO Capital Markets Corp. will act as the agent, receiving a 3.75% commission. The notes will not bear interest. At maturity, investors will receive the $1,000 principal amount plus 65% of any positive index return, with no cap on potential gains. If the index declines, investors will receive only the principal amount.The notes carry risks including limited upside participation, credit risk of Bank of Montreal, and lack of liquidity. The estimated initial value is $930.01 per $1,000 principal amount. The notes are intended for investors seeking leveraged upside potential with downside principal protection over a 5-year term.