Bank of Montreal announces the issuance of Capped Leveraged S&P 500 Index-Linked Notes with a principal amount of $1,000 per note. The notes offer 200% upside participation in S&P 500 Index gains, subject to a maximum settlement amount expected between $1,429 and $1,503.20 per note.The notes' maturity is expected to be within 47-50 months from the trade date. If the final index level exceeds the initial level, investors receive double the index return up to the cap. However, if the final level is below the initial level, investors will lose 1% for every 1% decline in the index, with potential for total principal loss.The notes will not be listed on any securities exchange and will not pay interest. The estimated initial value is expected between $926.30 and $956.30 per $1,000 principal amount, below the original issue price due to structuring and hedging costs.

Bank of Montreal announces the issuance of Capped Leveraged S&P 500 Index-Linked Notes with a principal amount of $1,000 per note. The notes offer 200% upside participation in S&P 500 Index gains, subject to a maximum settlement amount expected between $1,429 and $1,503.20 per note.The notes' maturity is expected to be within 47-50 months from the trade date. If the final index level exceeds the initial level, investors receive double the index return up to the cap. However, if the final level is below the initial level, investors will lose 1% for every 1% decline in the index, with potential for total principal loss.The notes will not be listed on any securities exchange and will not pay interest. The estimated initial value is expected between $926.30 and $956.30 per $1,000 principal amount, below the original issue price due to structuring and hedging costs.