Bank of Montreal has issued $1.477 million in Contingent Risk Absolute Return Buffer Notes due July 6, 2026, linked to the Russell 2000 Index. The notes offer 1-to-1 upside participation capped at 17.50% return, with downside protection to 85% of the initial index level.The notes provide a positive return if the index declines up to 15%, capped at 15% return. Beyond 15% index decline, investors lose 1% for each 1% further decline. The notes do not pay interest and are not listed on any exchange. BMOCM is acting as the agent for this offering.The estimated initial value of the notes is $979.75 per $1,000 principal amount. 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.

Bank of Montreal has issued $1.477 million in Contingent Risk Absolute Return Buffer Notes due July 6, 2026, linked to the Russell 2000 Index. The notes offer 1-to-1 upside participation capped at 17.50% return, with downside protection to 85% of the initial index level.The notes provide a positive return if the index declines up to 15%, capped at 15% return. Beyond 15% index decline, investors lose 1% for each 1% further decline. The notes do not pay interest and are not listed on any exchange. BMOCM is acting as the agent for this offering.The estimated initial value of the notes is $979.75 per $1,000 principal amount. 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.