Bank of Montreal is offering Senior Medium-Term Notes due February 9, 2026, linked to the S&P 500 Index. The notes provide 1-to-1 upside participation up to a maximum return of 11.80%, with principal protection against index declines of up to 10%.The notes have a $1,000 principal amount and offer a maximum redemption amount of $1,118 per note. If the index declines by more than 10%, investors will lose 1% of principal for each 1% decline beyond 10%, with potential losses up to 90% of principal. The notes do not pay interest.BMO Capital Markets Corp. is acting as the agent for this offering, with an estimated initial value of $985.30 per $1,000 principal amount. The notes are subject to Bank of Montreal's credit risk and will not be subject to conversion under the Canada Deposit Insurance Corporation Act.

Bank of Montreal is offering Senior Medium-Term Notes due February 9, 2026, linked to the S&P 500 Index. The notes provide 1-to-1 upside participation up to a maximum return of 11.80%, with principal protection against index declines of up to 10%.The notes have a $1,000 principal amount and offer a maximum redemption amount of $1,118 per note. If the index declines by more than 10%, investors will lose 1% of principal for each 1% decline beyond 10%, with potential losses up to 90% of principal. The notes do not pay interest.BMO Capital Markets Corp. is acting as the agent for this offering, with an estimated initial value of $985.30 per $1,000 principal amount. The notes are subject to Bank of Montreal's credit risk and will not be subject to conversion under the Canada Deposit Insurance Corporation Act.