Bank of Montreal has issued Senior Medium-Term Notes, Series I Equity Index Linked Securities due July 6, 2027, linked to the S&P 500® Index. The notes offer upside participation to a cap with contingent absolute return and fixed percentage buffered downside.The securities provide 100% upside participation in the S&P 500® Index's performance, capped at a 21.25% maximum return. They also offer a 15% buffer against losses, with 1-to-1 downside exposure beyond that. The notes do not pay interest and are subject to Bank of Montreal's credit risk.Priced at $1,000 per security with an estimated initial value of $957.46, the notes are being offered through Wells Fargo Securities. The securities are not listed on any exchange and may have limited liquidity. Investors should carefully consider the risks, including potential loss of principal, before investing.

Bank of Montreal has issued Senior Medium-Term Notes, Series I Equity Index Linked Securities due July 6, 2027, linked to the S&P 500® Index. The notes offer upside participation to a cap with contingent absolute return and fixed percentage buffered downside.The securities provide 100% upside participation in the S&P 500® Index's performance, capped at a 21.25% maximum return. They also offer a 15% buffer against losses, with 1-to-1 downside exposure beyond that. The notes do not pay interest and are subject to Bank of Montreal's credit risk.Priced at $1,000 per security with an estimated initial value of $957.46, the notes are being offered through Wells Fargo Securities. The securities are not listed on any exchange and may have limited liquidity. Investors should carefully consider the risks, including potential loss of principal, before investing.