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

Bank of Montreal is offering US$2,109,000 of Senior Medium-Term Notes, Series K, capped buffer enhanced return notes linked to the S&P 500® Index, maturing on December 28, 2026. These notes give 1-to-1 exposure to S&P 500 gains, but returns are capped at a Maximum Redemption Amount of $1,118.80 per $1,000, an 11.88% maximum gain. If the index falls but stays within a 15.00% buffer, investors receive their principal back at maturity. If the index declines more than 15.00%, principal is reduced 1% for each additional 1% drop, with losses up to 85.00% of principal.

The notes pay no interest, are unsecured obligations of Bank of Montreal, and will not be listed on an exchange. The price to the public is 100% of principal, with an agent’s commission of 0.43% and proceeds to Bank of Montreal of 99.57%, or $2,099,931.30. The issuer’s estimated initial value is $987.57 per $1,000, reflecting structuring and hedging costs. Investors are exposed to both S&P 500 performance and the credit risk of Bank of Montreal, and the tax treatment as pre-paid derivative contracts is described as uncertain.

Bank of Montreal is offering US$1,209,000 of Senior Medium-Term Notes, Series K, maturing on May 31, 2029, linked to the Russell 2000® Index. These “Digital Return Buffer Notes” pay a fixed 25.00% digital return at maturity per $1,000 principal if the index’s Final Level is at least 85.00% of its Initial Level of 2,369.587.

If the index falls more than 15.00% from its Initial Level, investors lose 1% of principal for each additional 1% decline, up to a maximum loss of 85.00% of principal. The notes pay no interest, are unsecured obligations of Bank of Montreal, and will not be listed on any securities exchange.

The price to public is 100% of principal, with an agent’s commission of 3.05%, resulting in proceeds to Bank of Montreal of 96.95% of principal. The estimated initial value is $946.95 per $1,000, reflecting structuring and hedging costs, and secondary market values may be lower. All payments are subject to Bank of Montreal’s credit risk and complex U.S. tax treatment.

Bank of Montreal is offering $789,000 of Senior Medium-Term Notes, Series K, due November 26, 2027, linked to the S&P 500® Index. These “Digital Return Buffer Notes” pay a fixed 12.45% digital return at maturity per $1,000 note if the index’s final level is at least 90% of its initial level. If the index falls more than 10%, investors lose 1% of principal for each 1% decline beyond that buffer, with up to a 90% loss possible.

The notes pay no periodic interest, are unsecured obligations of Bank of Montreal, and will not be listed on any exchange. The price to the public is 100% of principal, with a 3.05% agent’s commission and 96.95% of proceeds to Bank of Montreal. The bank’s estimated initial value is $952.91 per $1,000 note, reflecting structuring and hedging costs.

Bank of Montreal is offering US$866,000 of Senior Medium-Term Notes, Series K, which are autocallable barrier notes with memory coupons due November 27, 2028. The notes are linked to the worst performance among the common stock of Advanced Micro Devices (AMD), Celestica (CLS) and the Class A common stock of Palantir Technologies (PLTR).

The notes pay a contingent monthly coupon of 2.9167% of principal (about 35% per year) if on an observation date the closing level of each stock is at or above its coupon barrier level, set at 60% of its initial level. Missed coupons can be paid later under the memory feature if the barrier is later met. Starting November 23, 2026, the notes are automatically redeemed if each stock is at or above 100% of its initial level on an observation date, returning principal plus any due coupons.

If the notes are not called and, at maturity, any stock has fallen below its trigger level (also 60% of its initial level), investors lose principal in proportion to the decline of the worst-performing stock and could receive nothing. The estimated initial value is stated as $933.41 per $1,000 in principal, reflecting fees and hedging costs.

Bank of Montreal is offering US$907,000 of Senior Medium‑Term Notes, Series K, Capped Barrier Enhanced Return Notes due November 27, 2028, linked to the S&P 500® Futures Excess Return Index. The notes provide 163.00% leveraged upside to index gains, but the payment is capped at a Maximum Redemption Amount of $1,700.00 per $1,000 of principal, a 70.00% maximum return.

The structure includes a 30.00% downside buffer: if the index falls by 30.00% or less, investors receive only their principal back at maturity. If the index declines by more than 30.00% (falls below the barrier level), principal is reduced 1% for each 1% decline, with losses up to 100% of invested principal.

The notes pay no interest, are unsecured obligations of Bank of Montreal, and will not be listed on any exchange. All payments depend on the bank’s credit and are not insured by U.S. or Canadian deposit insurance. The estimated initial value is $978.08 per $1,000, reflecting offering, structuring and hedging costs. The underlying futures-based, excess‑return index is affected by financing costs and roll yields, which can cause performance to lag the S&P 500® price index.

Bank of Montreal is offering US$82,000 of Senior Medium-Term Notes, Series K, Autocallable Barrier Enhanced Return Notes due November 27, 2028, linked to the Class A common stock of Palantir Technologies Inc. (PLTR). The notes offer 150.00% leveraged upside on any positive stock performance at maturity if they are not automatically redeemed.

The notes may be automatically called on November 25, 2026 if Palantir’s stock closes above 100.00% of its Initial Level of $154.85, paying principal plus a fixed $295.00 Call Amount per $1,000 (about 29.50% per annum). If held to maturity and the stock is at or above the Initial Level, investors receive principal plus 150.00% of the percentage gain; if it is between the Initial Level and the $92.91 Barrier Level (60.00% of the Initial Level), only principal is returned.

If the Final Level is below the Barrier Level, repayment is reduced 1% for each 1% stock decline, down to a total loss. The notes pay no interest, will not be listed on any exchange, and are subject to the unsecured credit risk of Bank of Montreal. The price to public is 100% of principal, with a 4.50% agent’s commission and an estimated initial value of $919.23 per $1,000.

Bank of Montreal is offering $6,836,000 of Senior Medium-Term Notes, Series K, autocallable barrier notes with memory coupons due February 26, 2027, linked to the least-performing of the S&P 500, NASDAQ-100 and Russell 2000 indices.

The notes pay contingent monthly coupons at 1.0417% (about 12.5% per year) per $1,000 when all three indices are at or above their coupon barrier levels, with unpaid coupons potentially recovered later under the memory feature. Starting May 20, 2026, the notes can be automatically redeemed if each index is at or above its initial level, returning principal plus any due coupons.

If the notes are not called and any index ever falls below its trigger level (65% of its initial level) and the least-performing index finishes below its initial level, principal is reduced one-for-one with that index’s loss and can be completely lost. The notes are unsecured obligations of Bank of Montreal; the estimated initial value is $986.05 per $1,000 principal, below the issue price.

Bank of Montreal is issuing $2,142,000 of Senior Medium-Term Notes, Series K, linked to the S&P 500® Index and maturing on February 26, 2027. These contingent absolute return buffer notes offer a fixed 5.40% digital return per $1,000 if the index’s final level is at or above its initial level.

If the S&P 500 ends below the initial level but at or above 75% of it, investors receive a positive return mirroring the index’s decline, up to a maximum redemption of $1,250 per $1,000. If the index falls more than 25% from the initial level of 6,602.99, principal is reduced 1% for each additional 1% drop, with losses up to 75% of principal. The notes pay no interest, are unsecured obligations of Bank of Montreal, are not exchange-listed, and their value is subject to the bank’s credit risk. The estimated initial value is $987.18 per $1,000, reflecting offering and hedging costs.

Bank of Montreal is offering $2,594,000 of Senior Medium-Term Notes, Series K, redeemable fixed rate notes due November 26, 2030. Each note has a $1,000 principal amount and pays a fixed 4.40% annual interest rate, with semi-annual payments each May 26 and November 26 starting May 26, 2026. The notes may be redeemed by the bank at 100% of principal plus accrued interest on semi-annual call dates from November 26, 2026 through May 26, 2030.

The notes are unsecured, not insured by U.S. or Canadian deposit insurers, and are designated as Canadian bail-inable notes, meaning they can be converted into common shares or varied or extinguished under the Canada Deposit Insurance Corporation Act. The original issue price is $1,000 per note, with an underwriting discount of $5 per note, resulting in total proceeds to Bank of Montreal of $2,581,030. The notes will not be listed on any securities exchange, and investors face interest rate, credit, liquidity and potential dealer conflict-of-interest risks.