Bank of Montreal is offering Senior Medium-Term Notes due July 22, 2026, linked to NVIDIA Corporation stock. The notes provide 1-to-1 positive return up to a 33.70% cap if NVIDIA stock rises, and positive return up to 25% if it falls but stays above 75% of initial level.Investors risk losing up to 75% of principal if NVIDIA stock falls over 25%. The notes have a $1,000 minimum investment and will not be listed on any exchange. Citigroup is the selling agent.The notes involve credit risk of Bank of Montreal and other risks. The estimated initial value is $972.40 per $1,000 principal amount, below the issue price. Tax treatment is uncertain and investors should consult their tax advisors.

Bank of Montreal is offering Senior Medium-Term Notes due July 22, 2026, linked to NVIDIA Corporation stock. The notes provide 1-to-1 positive return up to a 33.70% cap if NVIDIA stock rises, and positive return up to 25% if it falls but stays above 75% of initial level.Investors risk losing up to 75% of principal if NVIDIA stock falls over 25%. The notes have a $1,000 minimum investment and will not be listed on any exchange. Citigroup is the selling agent.The notes involve credit risk of Bank of Montreal and other risks. The estimated initial value is $972.40 per $1,000 principal amount, below the issue price. Tax treatment is uncertain and investors should consult their tax advisors.