MicroSectors™ St FANG&Inn 3X Inv Ld ETNs SEC Filings

Bank of Montreal is issuing US$500,000 of Senior Medium-Term Notes, Series K, in the form of autocallable barrier notes with contingent coupons due November 17, 2027, linked to the worst performer of Alcoa Corporation (AA) and SLB N.V. (SLB). The notes pay a contingent coupon of 2.50% per month (about 30% per year), but only if on each observation date both stocks close at or above their coupon barrier levels of $26.12 for AA and $25.66 for SLB, which are 70% of their initial levels.

Beginning January 14, 2026, the notes are automatically redeemed if both reference assets close at or above 100% of their initial levels, returning principal plus the applicable coupon. If not called, principal is protected at maturity only if each stock finishes at or above its trigger level of $22.39 for AA and $22.00 for SLB (60% of initial). If any stock ends below its trigger, repayment is reduced in line with the loss of the worst performer and can fall to zero. The notes are unsecured obligations of Bank of Montreal, with an estimated initial value of $976.96 per $1,000 principal amount.

Bank of Montreal priced US$2,836,000 of Senior Medium‑Term Notes, Series K — Callable Barrier Notes with Contingent Coupons due May 17, 2027, linked to the least performing of the S&P 500, Russell 2000, and Dow Jones Industrial Average.

The notes pay a 0.825% monthly contingent coupon (approximately 9.90% per annum) if, on each observation date, each index closes at or above its coupon barrier (70% of its initial level: SPX 4,795.64; RTY 1,715.558; INDU 33,778.37). Beginning May 13, 2026, the issuer may call the notes on any observation date for par plus any due coupon. If not called, at maturity investors receive $1,000 per note unless a Trigger Event occurs; if any index is below its 70% trigger, the payoff is $1,000 + $1,000 × the percentage change of the least performing index, which can be significantly less than principal and may be zero. The estimated initial value is $991.70 per $1,000. Pricing date was November 12, 2025; settlement November 17, 2025. The offering includes an agent’s commission of 0.65% ($18,434) with proceeds to Bank of Montreal of 99.35% ($2,817,566).

Bank of Montreal filed a preliminary pricing supplement for Senior Medium‑Term Notes, Series K—redeemable fixed‑rate notes due November 13, 2028. Each Note has a $1,000 principal amount and pays 4.00% per annum, with interest paid semi‑annually on the 26th of May and November, starting May 26, 2026. Unless earlier redeemed, holders receive $1,000 per Note at maturity plus accrued interest.

The Notes are callable in whole at 100% of principal on semi‑annual optional redemption dates (May 26 and November 26) from May 26, 2026 through May 26, 2028, with 5–30 business days’ notice. They are unsecured obligations, not listed on any exchange, and subject to the issuer’s credit risk. The Notes are bail‑inable under the CDIC Act, meaning they may be converted into Bank of Montreal (or affiliate) common shares or varied/extinguished under Canadian resolution powers. Pricing shows an original issue price of $1,000 per Note, an underwriting discount of $10, and $990 in proceeds to the issuer per Note. Day count is 30/360 (unadjusted). Selected risks include redemption risk, limited liquidity, pricing/hedging impacts, and conflicts of interest.

Bank of Montreal plans to offer Senior Medium‑Term Notes, Series K, fixed‑rate, due November 13, 2030. Each Note has a $1,000 principal amount and pays 4.35% per annum, with interest paid semi‑annually on May 26 and November 26, starting May 26, 2026, and on maturity unless earlier redeemed.

The Notes are redeemable at 100% of principal plus accrued interest, in whole but not in part, on May 26 and November 26 each year from November 26, 2026 through May 26, 2030. Day count is 30/360 (unadjusted). The Notes will not be listed on any securities exchange and are offered in $1,000 denominations and integral multiples.

Pricing terms per Note: original issue price $1,000, underwriting discount $15, and proceeds to Bank of Montreal $985. The Notes are unsecured obligations subject to Bank of Montreal’s credit risk and are bail‑inable under the Canada Deposit Insurance Corporation Act, which may result in conversion into common shares or extinguishment. U.S. tax counsel expects treatment as debt issued without original issue discount. BMOCM will act as agent and may make a market, but no secondary market is assured.

Bank of Montreal announced preliminary terms for Senior Medium‑Term Notes, Series K, fixed at 4.60% per annum and due November 12, 2032. Each Note has a $1,000 principal amount, pays interest semi‑annually on May 26 and November 26 starting May 26, 2026, and returns $1,000 plus accrued interest at maturity unless redeemed earlier.

The Notes are callable at 100% of principal plus accrued interest on each May 26 and November 26 from May 26, 2027 through May 26, 2032. Per‑Note economics show an original issue price of $1,000, an underwriting discount of $15, and issuer proceeds of $985. These are unsecured, bail‑inable obligations under the CDIC Act, may be converted into common shares or varied/extinguished under Canadian resolution powers, and will not be listed on any exchange.

Bank of Montreal (BMO) filed a Form 13F Holdings Report listing institutional equity positions. The report lists 13,045 information table entries with an aggregate reported value of $260,693,510,338. The filing also identifies 11 other included managers. It was signed by Kathryn Cenac, Managing Director, on behalf of the firm.

Bank of Montreal plans to issue Senior Medium‑Term Notes, Series K, fixed‑rate, due November 26, 2030. Each Note has a $1,000 principal amount and pays 4.40% per annum, with semi‑annual interest on May 26 and November 26, starting May 26, 2026. At maturity, unless earlier redeemed, holders receive $1,000 per Note plus accrued interest.

The Notes are callable at 100% of principal plus accrued interest, in whole but not in part, on May 26 and November 26 of each year from November 26, 2027 through May 26, 2030, upon at least 5 and not more than 30 business days’ notice. They follow a 30/360 day count and will not be listed on an exchange.

The Notes are unsecured obligations of Bank of Montreal and are designated bail‑inable under the Canada Deposit Insurance Corporation Act, meaning they may be converted into common shares or varied/extinguished in a resolution event. Per Note economics show an original issue price of $1,000, an underwriting discount of $15, and proceeds to Bank of Montreal of $985 per Note. The securities are not insured by FDIC, the Canada Deposit Insurance Corporation, or any other agency.

Bank of Montreal is offering US$643,000 of Senior Medium-Term Notes, Series K, Autocallable Barrier Notes with Contingent Coupons due December 14, 2026, linked to the common stock of Morgan Stanley. The notes pay a contingent coupon of 0.8375% per month (about 10.05% per year), or $8.375 per $1,000, only if on each observation date the Morgan Stanley share price is at or above the coupon barrier level of $127.09, which is 77% of the $165.05 initial level.

Starting May 11, 2026, the notes are automatically redeemed if the stock closes above the initial level on an observation date, returning principal plus the applicable coupon. If the notes are not called and the final stock level is at or above the $127.09 trigger level, investors receive $1,000 per note at maturity. If the final level is below the trigger, investors receive shares (or cash) worth less than $1,000 based on $1,000 divided by the initial level, exposing them to downside in Morgan Stanley’s stock. The estimated initial value is $966.38 per $1,000 of principal, reflecting fees and hedging costs.

Bank of Montreal is offering senior unsecured market-linked notes tied to the Dow Jones Industrial Average® and the S&P 500® Index, maturing in November 2028. Each security has a $1,000 face amount and original offering price, with an agent discount of $25.75 per security and proceeds to Bank of Montreal of $974.25 per security.

The notes are auto-callable after one year: if the lowest-performing index on the call date is at or above its starting level, investors receive $1,000 plus a call premium of at least 10.10% and the notes terminate early. If not called, at maturity investors get $1,000 plus 125% of any gain in the lowest-performing index, or full principal back if the index finish is no worse than 10% below its start. If the lowest-performing index ends more than 10% below its starting level, losses match that decline beyond the 10% buffer, up to a 90% loss of principal.

The estimated initial value is $966.90 per security, and may be no lower than $920.00 at pricing. The notes pay no interest, are not listed, and all payments depend on Bank of Montreal’s credit.