Bank of Montreal is issuing auto-callable securities linked to NVIDIA Corporation stock, due January 4, 2028. The securities offer potential quarterly contingent coupon payments at 14.70% per annum if NVIDIA's stock price is at or above the 60% coupon threshold. They are subject to automatic early redemption if the stock price equals or exceeds the initial level on quarterly calculation dates from June 2025 to September 2027.If not called early, at maturity investors receive $1,000 per security if NVIDIA's final stock price is at or above the 60% downside threshold. Otherwise, investors are fully exposed to NVIDIA's stock price decline, potentially losing over 40% of principal. The securities do not provide upside participation in NVIDIA stock.The estimated initial value is $951.51 per $1,000 security. These complex securities involve significant risks and are not suitable for all investors. They are subject to Bank of Montreal's credit risk and provide no guaranteed return of principal at maturity.

Bank of Montreal is issuing auto-callable securities linked to NVIDIA Corporation stock, due January 4, 2028. The securities offer potential quarterly contingent coupon payments at 14.70% per annum if NVIDIA's stock price is at or above the 60% coupon threshold. They are subject to automatic early redemption if the stock price equals or exceeds the initial level on quarterly calculation dates from June 2025 to September 2027.If not called early, at maturity investors receive $1,000 per security if NVIDIA's final stock price is at or above the 60% downside threshold. Otherwise, investors are fully exposed to NVIDIA's stock price decline, potentially losing over 40% of principal. The securities do not provide upside participation in NVIDIA stock.The estimated initial value is $951.51 per $1,000 security. These complex securities involve significant risks and are not suitable for all investors. They are subject to Bank of Montreal's credit risk and provide no guaranteed return of principal at maturity.