Bank of Montreal is offering US$ Market Linked Notes due February 5, 2029, linked to the S&P 500 Index. The notes provide 1-to-1 upside participation in index gains, capped at a 35% maximum return. The minimum investment is $1,000 with a CUSIP of 06376CQK5.If the index declines, investors receive their full principal back at maturity. The notes do not pay interest and are not listed on any exchange. BMO Capital Markets Corp. is acting as the selling agent. The estimated initial value is $966.90 per $1,000 principal amount.The notes are subject to Bank of Montreal's credit risk and involve complex tax treatment. Investors should carefully consider the risks and suitability of this investment before purchasing.

Bank of Montreal is offering US$ Market Linked Notes due February 5, 2029, linked to the S&P 500 Index. The notes provide 1-to-1 upside participation in index gains, capped at a 35% maximum return. The minimum investment is $1,000 with a CUSIP of 06376CQK5.If the index declines, investors receive their full principal back at maturity. The notes do not pay interest and are not listed on any exchange. BMO Capital Markets Corp. is acting as the selling agent. The estimated initial value is $966.90 per $1,000 principal amount.The notes are subject to Bank of Montreal's credit risk and involve complex tax treatment. Investors should carefully consider the risks and suitability of this investment before purchasing.