Bank of Montreal has issued $2,036,000 of Senior Medium-Term Notes, Series I Buffer Enhanced Return Notes due January 30, 2026, linked to the iShares MSCI EAFE ETF. The notes offer 200% leveraged upside potential capped at a 15% return, with 15% downside protection.The notes do not pay interest and are not listed on any exchange. At maturity, investors will receive the $1,000 principal amount plus 200% of any positive ETF return up to a maximum payment of $1,150 per $1,000 principal. If the ETF declines by more than 15%, investors will lose 1% for each 1% decline beyond 15%, with a maximum loss of 85%.BMO Capital Markets is acting as agent for the offering. The notes have an estimated initial value of $1,002.80 per $1,000 principal amount. Investors should note the credit risk of Bank of Montreal and carefully consider the risks before investing.

Bank of Montreal has issued $2,036,000 of Senior Medium-Term Notes, Series I Buffer Enhanced Return Notes due January 30, 2026, linked to the iShares MSCI EAFE ETF. The notes offer 200% leveraged upside potential capped at a 15% return, with 15% downside protection.The notes do not pay interest and are not listed on any exchange. At maturity, investors will receive the $1,000 principal amount plus 200% of any positive ETF return up to a maximum payment of $1,150 per $1,000 principal. If the ETF declines by more than 15%, investors will lose 1% for each 1% decline beyond 15%, with a maximum loss of 85%.BMO Capital Markets is acting as agent for the offering. The notes have an estimated initial value of $1,002.80 per $1,000 principal amount. Investors should note the credit risk of Bank of Montreal and carefully consider the risks before investing.