Bank of Montreal is issuing Callable Barrier Notes due January 19, 2027, linked to the Russell 2000, NASDAQ-100, and S&P 500 indices. The notes offer monthly contingent coupons of 0.80% if all indices close at or above 70% of their initial levels on observation dates.Beginning April 15, 2025, BMO may call the notes on any observation date, paying principal plus any contingent coupon. If not called, and no index closes below 70% of its initial level on the final valuation date, investors receive full principal. Otherwise, investors lose 1% for each 1% decline in the worst-performing index.The notes carry credit risk of Bank of Montreal and will be sold in minimum denominations of $1,000. BMO Capital Markets is the selling agent. The estimated initial value is $985.20 per $1,000 principal amount, but may differ on the pricing date.

Bank of Montreal is issuing Callable Barrier Notes due January 19, 2027, linked to the Russell 2000, NASDAQ-100, and S&P 500 indices. The notes offer monthly contingent coupons of 0.80% if all indices close at or above 70% of their initial levels on observation dates.Beginning April 15, 2025, BMO may call the notes on any observation date, paying principal plus any contingent coupon. If not called, and no index closes below 70% of its initial level on the final valuation date, investors receive full principal. Otherwise, investors lose 1% for each 1% decline in the worst-performing index.The notes carry credit risk of Bank of Montreal and will be sold in minimum denominations of $1,000. BMO Capital Markets is the selling agent. The estimated initial value is $985.20 per $1,000 principal amount, but may differ on the pricing date.