Bank of Montreal is offering US$ Senior Medium-Term Notes, Series I Buffer Enhanced Return Notes due January 31, 2030, linked to the S&P 500 Index. The notes provide 105% leveraged upside participation up to a maximum return of 55.60%, with principal protection against index declines of up to 20%.The notes have a 5-year term and do not pay interest. At maturity, investors will receive the $1,000 principal amount plus 105% of any index gain, capped at $1,556 per note. If the index declines by more than 20%, investors will lose 1% for every 1% decline beyond 20%, with potential losses of up to 80% of principal.BMO Capital Markets is acting as agent for the offering. The estimated initial value of the notes is $942.10 per $1,000 principal amount. The notes involve risks including potential loss of principal and are subject to Bank of Montreal's credit risk.

Bank of Montreal is offering US$ Senior Medium-Term Notes, Series I Buffer Enhanced Return Notes due January 31, 2030, linked to the S&P 500 Index. The notes provide 105% leveraged upside participation up to a maximum return of 55.60%, with principal protection against index declines of up to 20%.The notes have a 5-year term and do not pay interest. At maturity, investors will receive the $1,000 principal amount plus 105% of any index gain, capped at $1,556 per note. If the index declines by more than 20%, investors will lose 1% for every 1% decline beyond 20%, with potential losses of up to 80% of principal.BMO Capital Markets is acting as agent for the offering. The estimated initial value of the notes is $942.10 per $1,000 principal amount. The notes involve risks including potential loss of principal and are subject to Bank of Montreal's credit risk.