MicroSectors™ Solactive FANG & Innovation -3X Inverse Leveraged ETNs SEC Filings

Bank of Montreal is issuing US$5,889,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes linked to Micron Technology, Inc. common stock. The notes pay a contingent coupon at 6.775% per quarter (approximately 27.10% per annum), or $67.75 per $1,000, but only if Micron’s closing level on each observation date is at or above the coupon barrier of $201.98, which is 60.00% of the $336.63 initial level. Beginning March 31, 2026, the notes are automatically redeemed if Micron closes above the 100.00% call level, returning principal plus the coupon. If not called and Micron’s final level on December 29, 2028 is below the $201.98 trigger, principal is reduced one-for-one with the stock’s loss, potentially to zero. The estimated initial value is $977.58 per $1,000, reflecting fees and hedging costs.

Bank of Montreal is issuing $5,288,000 of Senior Medium-Term Notes, Series K, redeemable fixed rate notes due January 21, 2031. Each Note has a $1,000 principal amount and pays a fixed interest rate of 4.45% per year, with interest paid in cash semi-annually on January 21 and July 21, starting July 21, 2026.

Unless earlier redeemed, holders receive $1,000 per Note plus accrued interest at maturity. The bank may redeem all, but not part, of the Notes at 100% of principal plus accrued interest on optional redemption dates every January 21 and July 21 from January 21, 2027 through July 21, 2030.

The Notes are unsecured obligations of Bank of Montreal, are not insured by any government agency, and are bail-inable under the Canada Deposit Insurance Corporation Act, meaning they can be converted into common shares or varied or extinguished under Canadian resolution powers. They are not listed on any exchange. The original issue price is $1,000 per Note, with a $5 underwriting discount per Note, resulting in $5,261,560 in proceeds to Bank of Montreal.

Bank of Montreal is offering US$1,950,000 of senior medium-term Autocallable Barrier Notes due January 22, 2029, linked to the common stock of The Chemours Company. The notes pay contingent quarterly coupons at a rate of 3.6875% per quarter (approximately 14.75% per annum), but only if Chemours’ share price on an observation date is at or above the coupon barrier level of $7.78, which is 50% of the initial level of $15.56. Missed coupons may be paid later under a “memory” feature if the barrier is met on a future observation date.

Starting July 17, 2026, the notes are automatically redeemed if Chemours closes above its initial level on an observation date, returning principal plus any due coupons. If the notes are not called, investors receive full principal at maturity only if the final stock level is at or above the 50% trigger level; otherwise, repayment is reduced in line with the stock’s loss and can be zero. The estimated initial value is $931.24 per $1,000, below the issue price, reflecting structuring and hedging costs.

Bank of Montreal is offering US$1,706,000 of Senior Medium-Term Notes, Series K, structured as autocallable barrier notes with memory coupons due January 22, 2029, linked to the common stock of Matador Resources Company (MTDR). The notes pay a contingent coupon of 2.575% per quarter (approximately 10.30% per annum), or $25.75 per $1,000, only if MTDR’s closing level on an Observation Date is at or above the Coupon Barrier Level of $23.53, which is 55.00% of the Initial Level of $42.79, with unpaid coupons potentially made up later under the memory feature.

Beginning July 17, 2026, the notes are automatically redeemed if MTDR is above the Call Level equal to 100% of the Initial Level on an Observation Date, returning principal plus any due coupons. If not called, investors receive $1,000 at maturity per $1,000 principal unless a Trigger Event occurs, defined as MTDR’s Final Level below the same $23.53 Trigger Level; in that case, repayment is reduced in line with MTDR’s percentage decline and can fall to zero. The estimated initial value is $947.94 per $1,000, reflecting structuring and hedging costs, and the notes are unsecured obligations of Bank of Montreal.

Bank of Montreal is issuing US$1,774,000 of Senior Medium-Term Notes, Series K, as autocallable barrier notes due January 22, 2029, linked to the common stock of The Chemours Company (CC). The notes pay a 3.20% quarterly coupon (approximately 12.80% per annum, or $32.00 per $1,000, while outstanding.

Starting July 17, 2026, if Chemours’ stock closes above the Call Level (100.00% of the $15.56 Initial Level) on a Call Observation Date, the notes are automatically redeemed at par plus the coupon. If not called, holders receive $1,000 per $1,000 note at maturity unless a Trigger Event occurs, defined as a Final Level below the $7.78 Trigger Level (50.00% of the Initial Level. In that case, repayment is reduced in line with the stock’s percentage decline and can fall to zero, though the final coupon is still paid.

The notes are unsecured obligations of Bank of Montreal, offer only cash settlement, and had an estimated initial value of $971.28 per $1,000 on the pricing date.

Bank of Montreal is issuing US$216,000 of Senior Medium-Term Notes, Series K, as autocallable barrier notes with contingent coupons due January 22, 2029, linked to the common stock of Halliburton Company. The notes offer a 2.50% quarterly contingent coupon (about 10% per year) if Halliburton’s share price on an observation date is at or above the $22.95 coupon barrier, which is 70% of the $32.78 initial level. Beginning July 17, 2026, if the stock closes above its initial level on an observation date, the notes are automatically redeemed at par plus the applicable coupon.

If the notes are not called, investors get full principal back at maturity only if the final stock level is at or above the $22.95 trigger level. If the final level is below the trigger, the maturity payment is reduced in line with the stock’s percentage loss and can be zero. The price to the public is 100% of principal, with a 4% agent commission and 96% of proceeds to Bank of Montreal. The estimated initial value is $928.66 per $1,000, and the notes are unsecured obligations with complex risk and U.S. tax treatment.

Bank of Montreal is issuing US$31,000 of Senior Medium-Term Notes, Series K, as autocallable barrier notes linked to the common stock of Target Corporation (TGT), maturing on January 22, 2029. The notes offer a contingent coupon of 3.25% per quarter (about 13.00% per year) when Target’s closing share price on an observation date is at or above the coupon barrier of $77.79, which is 70.00% of the initial level of $111.13. Beginning July 17, 2026, the notes will be automatically redeemed if Target closes above its initial level, returning principal plus the applicable coupon. If the notes are not called and Target’s final level on the valuation date is below the $77.79 trigger, investors lose principal in line with Target’s percentage decline, and the payment at maturity may be zero. The estimated initial value is $947.31 per $1,000 of principal, reflecting structuring and hedging costs.

Bank of Montreal is issuing unsecured senior market-linked notes tied to the worst performer of Amazon.com, Marvell Technology and Micron Technology, maturing on January 19, 2029. Each $1,000 security offers a 22.00% per annum contingent coupon, paid monthly only if on the relevant calculation day the lowest performing stock closes at or above 50% of its starting price; missed coupons can be "remembered" and paid later if this condition is met.

From July 2026 through December 2028, if on any calculation day the lowest performer is at or above its starting value, the notes are automatically called at $1,000 plus the applicable coupon and any unpaid coupons. If not called, at maturity investors receive $1,000 per note only if the worst stock is at or above 50% of its starting value; otherwise, principal is reduced in line with that stock’s decline, and losses can exceed 50% of face value.

The notes do not participate in any upside of the stocks, are subject to BMO’s credit risk, are not insured or bail-inable, and are not exchange-listed. The estimated initial value is $957.24 per $1,000 note, below the original offering price, reflecting offering costs and hedging. U.S. and non-U.S. tax treatment is complex, with expected prepaid contract treatment for U.S. holders and withholding on coupons for many non-U.S. investors.

Bank of Montreal is offering senior Market Linked Securities that are auto-callable notes linked to the lowest performer of CrowdStrike, Intel and Marvell common stock, maturing on January 19, 2029. Each security has a $1,000 face amount with an estimated initial value of $946.32 and pays a 20.10% per annum contingent coupon, due monthly only if the lowest performing stock closes at or above 50% of its starting value. From July 2026 to December 2028, the notes are automatically called if the lowest performer is at or above its starting value, returning principal plus applicable coupons. If the notes are not called and the lowest performer ends below 50% of its starting value at maturity, investors lose principal in full proportion to that decline and can lose most or all of their investment. The notes are unsecured obligations of Bank of Montreal, not listed on any exchange, carry complex payoff, correlation and reinvestment risks, and have uncertain U.S. tax treatment, including potential 30% withholding for certain non-U.S. holders.