Bank of Montreal announced the issuance of additional MicroSectors FANG+ 3x Leveraged Exchange Traded Notes (ETNs) with an aggregate principal amount of $125 million. The additional ETNs will be consolidated with and form a single tranche with the original ETNs, bringing the total outstanding principal amount to $287.5 million.The additional ETNs, trading under ticker FNGB, are expected to settle on March 14, 2025. The ETNs provide three times leveraged exposure to the NYSE FANG+ Index performance on a daily basis, before fees and charges. BMO Capital Markets will receive proceeds equal to 100% of the price at which the ETNs are sold to the public, less commissions.The ETNs are designed as short-term trading tools for sophisticated investors to manage daily trading risks, not as buy-and-hold investments. They are subject to risks including leverage reset daily, decay effect over time, and potential loss of principal. The ETNs will mature on February 17, 2045, unless called earlier by the issuer.

Bank of Montreal announced the issuance of additional MicroSectors FANG+ 3x Leveraged Exchange Traded Notes (ETNs) with an aggregate principal amount of $125 million. The additional ETNs will be consolidated with and form a single tranche with the original ETNs, bringing the total outstanding principal amount to $287.5 million.The additional ETNs, trading under ticker FNGB, are expected to settle on March 14, 2025. The ETNs provide three times leveraged exposure to the NYSE FANG+ Index performance on a daily basis, before fees and charges. BMO Capital Markets will receive proceeds equal to 100% of the price at which the ETNs are sold to the public, less commissions.The ETNs are designed as short-term trading tools for sophisticated investors to manage daily trading risks, not as buy-and-hold investments. They are subject to risks including leverage reset daily, decay effect over time, and potential loss of principal. The ETNs will mature on February 17, 2045, unless called earlier by the issuer.