Bank of Montreal has issued $117,000 in Senior Medium-Term Notes, Series I Buffer Enhanced Return Notes due December 24, 2029, linked to the S&P 500 Index. The notes offer 105% leveraged upside participation in index gains, capped at a 50% maximum return.Investors are protected against the first 20% of index declines, but lose 1% for each 1% decline beyond 20%. The notes do not pay interest and are not listed on any exchange. 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. The estimated initial value of the notes is $926.04 per $1,000 principal amount.

Bank of Montreal has issued $117,000 in Senior Medium-Term Notes, Series I Buffer Enhanced Return Notes due December 24, 2029, linked to the S&P 500 Index. The notes offer 105% leveraged upside participation in index gains, capped at a 50% maximum return.Investors are protected against the first 20% of index declines, but lose 1% for each 1% decline beyond 20%. The notes do not pay interest and are not listed on any exchange. 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. The estimated initial value of the notes is $926.04 per $1,000 principal amount.