Bank of Montreal has issued $1,166,000 in Senior Medium-Term Notes due January 30, 2026, linked to the iShares MSCI Emerging Markets ETF. The notes offer 200% leveraged upside potential capped at a 13% return, with a 15% buffer against downside risk.The notes do not pay interest and are not listed on any exchange. Investors can lose up to 85% of principal if the ETF declines more than 15%. BMO Capital Markets is acting as agent for the offering, with no commission charged. The estimated initial value of the notes is $991.58 per $1,000 principal amount.The notes seek to provide exposure to emerging markets equities through the iShares ETF, which tracks the MSCI Emerging Markets Index covering 24 countries. Key risks include credit risk of Bank of Montreal, limited upside potential, and potential for significant losses of principal.

Bank of Montreal has issued $1,166,000 in Senior Medium-Term Notes due January 30, 2026, linked to the iShares MSCI Emerging Markets ETF. The notes offer 200% leveraged upside potential capped at a 13% return, with a 15% buffer against downside risk.The notes do not pay interest and are not listed on any exchange. Investors can lose up to 85% of principal if the ETF declines more than 15%. BMO Capital Markets is acting as agent for the offering, with no commission charged. The estimated initial value of the notes is $991.58 per $1,000 principal amount.The notes seek to provide exposure to emerging markets equities through the iShares ETF, which tracks the MSCI Emerging Markets Index covering 24 countries. Key risks include credit risk of Bank of Montreal, limited upside potential, and potential for significant losses of principal.