Bank of Montreal has issued senior medium-term notes as auto-callable securities linked to Albemarle Corporation's common stock, due December 23, 2027. The securities offer contingent quarterly coupon payments at 16.80% per annum if Albemarle's stock closes at or above the 60% coupon threshold. They are subject to automatic call if the stock closes at or above the starting value on quarterly calculation days from June 2025 to September 2027.If not called early, at maturity investors will receive the $1,000 face amount if Albemarle's stock is at or above the 60% downside threshold. Otherwise, investors will be fully exposed to the stock's decline, potentially losing over 40% of principal. The securities do not provide fixed interest payments or participation in stock appreciation.Wells Fargo Securities is the distribution agent. The estimated initial value is $943.38 per $1,000 security. Investors face credit risk of Bank of Montreal and should be willing to hold until maturity or automatic call. The tax treatment is uncertain and may be subject to withholding for non-U.S. investors.

Bank of Montreal has issued senior medium-term notes as auto-callable securities linked to Albemarle Corporation's common stock, due December 23, 2027. The securities offer contingent quarterly coupon payments at 16.80% per annum if Albemarle's stock closes at or above the 60% coupon threshold. They are subject to automatic call if the stock closes at or above the starting value on quarterly calculation days from June 2025 to September 2027.If not called early, at maturity investors will receive the $1,000 face amount if Albemarle's stock is at or above the 60% downside threshold. Otherwise, investors will be fully exposed to the stock's decline, potentially losing over 40% of principal. The securities do not provide fixed interest payments or participation in stock appreciation.Wells Fargo Securities is the distribution agent. The estimated initial value is $943.38 per $1,000 security. Investors face credit risk of Bank of Montreal and should be willing to hold until maturity or automatic call. The tax treatment is uncertain and may be subject to withholding for non-U.S. investors.