Bank of Montreal has issued $900,000 in Contingent Risk Absolute Return Buffer Notes due January 30, 2026, linked to the S&P 500 Index. The notes offer 1-to-1 positive return based on S&P 500 appreciation, capped at 8.50%, and positive return up to 15% if the index declines up to 15%. Investors face losses if the index falls more than 15%.The notes do not bear interest and will not be listed on any securities exchange. BMOCM is acting as agent for this offering, with a 0.25% commission. The estimated initial value of the notes is $986.64 per $1,000 principal amount.These structured notes involve significant risks and are subject to the credit risk of Bank of Montreal. Investors should carefully consider the risk factors outlined in the offering documents before investing.

Bank of Montreal has issued $900,000 in Contingent Risk Absolute Return Buffer Notes due January 30, 2026, linked to the S&P 500 Index. The notes offer 1-to-1 positive return based on S&P 500 appreciation, capped at 8.50%, and positive return up to 15% if the index declines up to 15%. Investors face losses if the index falls more than 15%.The notes do not bear interest and will not be listed on any securities exchange. BMOCM is acting as agent for this offering, with a 0.25% commission. The estimated initial value of the notes is $986.64 per $1,000 principal amount.These structured notes involve significant risks and are subject to the credit risk of Bank of Montreal. Investors should carefully consider the risk factors outlined in the offering documents before investing.