Bank of Montreal has issued $3,333,000 of Senior Medium-Term Notes, Series I Buffer Enhanced Return Notes due January 30, 2026, linked to the S&P 500 Index. The notes offer 200% leveraged upside participation up to a maximum return of 10%, with 15% downside protection.Investors can lose up to 85% of principal if the S&P 500 declines more than 15% at maturity. The notes do not pay interest and are not listed on any exchange. BMO Capital Markets is acting as the agent for this offering.The notes have a CUSIP of 06376CL20 and will be issued in minimum denominations of $1,000. All payments are subject to Bank of Montreal's credit risk. The estimated initial value of the notes is $989.35 per $1,000 principal amount.

Bank of Montreal has issued $3,333,000 of Senior Medium-Term Notes, Series I Buffer Enhanced Return Notes due January 30, 2026, linked to the S&P 500 Index. The notes offer 200% leveraged upside participation up to a maximum return of 10%, with 15% downside protection.Investors can lose up to 85% of principal if the S&P 500 declines more than 15% at maturity. The notes do not pay interest and are not listed on any exchange. BMO Capital Markets is acting as the agent for this offering.The notes have a CUSIP of 06376CL20 and will be issued in minimum denominations of $1,000. All payments are subject to Bank of Montreal's credit risk. The estimated initial value of the notes is $989.35 per $1,000 principal amount.