MicroSectors™ Energy 3X Leveraged ETN SEC Filings

Bank of Montreal has filed a pricing supplement for Autocallable Buffered Nasdaq-100 Index-Linked Notes. These structured notes offer potential returns tied to the Nasdaq-100 Index performance with the following key features:

The notes include an automatic call feature that triggers if the Nasdaq-100 Index closes at or above the initial level on the call observation date (12-14 months from trade date), paying a premium of 8.85-10.38%. If not called, at maturity (approximately 24 months):

• If index is flat or higher: Receive principal plus greater of (1) 17.70-20.76% premium or (2) 200% of index return
• If index declines up to 10%: Receive full principal
• If index declines more than 10%: Lose approximately 1.1111% for every 1% decline beyond 10%

The notes' estimated initial value is $949-$979 per $1,000 principal amount. They are unsecured obligations of Bank of Montreal, subject to credit risk, and will not be listed on any exchange. BMOCM serves as calculation agent with a $20 underwriting discount per note.

Bank of Montreal (CIK 927971) has filed a Rule 424(b)(2) pricing supplement for US$25 million of Senior Medium-Term Notes, Series K – Redeemable Fixed-Rate Notes due 30 June 2028. The notes are unsecured, bail-inable obligations of the bank and therefore rank pari passu with other senior debt but are subject to Canadian bail-in conversion.

Key terms

• Principal: US$1,000 per note; aggregate issuance US$25 million.
• Coupon: 4.65 % fixed, paid semi-annually on 30 June and 30 December, beginning 30 Dec 2025, 30/360 unadjusted.
• Optional redemption: Bank of Montreal may call the notes in whole (not in part) at par plus accrued interest on any 30 June or 30 December beginning 30 Dec 2025 through 30 Dec 2027 with 5–30 business days’ notice.
• Issue price / proceeds: Public offering price US$1,000 (institutional investors US$998–1,000); underwriting discount up to US$2.00 per note, yielding net proceeds of at least US$24.95 million.
• Listing: None; CUSIP 06376DNS9; denominations US$1,000 and integral multiples.
• Bail-in regime: Notes may be converted, varied or extinguished under CDIC Act §39.2(2.3) without holder consent if a bail-in event occurs.

Risk highlights

• Credit risk of Bank of Montreal; no FDIC or CDIC insurance.
• Call risk: the bank is likely to redeem if market rates fall below 4.65 %, potentially leaving investors to reinvest at lower yields.
• Market/interest-rate risk: coupon may underperform prevailing rates over the three-year term.
• Bail-in conversion could result in partial or total loss of principal and accrued interest, replaced by common shares.

Investors should review the referenced product supplement RLN-1 (25 Mar 2025), prospectus supplement and base prospectus for complete terms and additional risk factors.

Bank of Montreal has issued Auto-Callable Market Linked Securities tied to the S&P 500 Index, due June 29, 2028. The securities, priced at $1,000 per unit with total offering of $1,674,000, feature a unique structure combining automatic call potential and leveraged upside participation.

Key features include:

• Automatic call after one year if S&P 500 closes at or above starting value (6,092.16), paying 9.30% premium
• If not called and held to maturity: 125% participation in index gains; full protection against losses up to 20%; full exposure to losses beyond 20%
• No periodic interest payments or exchange listing
• Initial estimated value of $964.43 per security

Notable risks include potential loss of principal, credit risk of Bank of Montreal, and limited upside potential if automatically called. Securities are not FDIC insured or bail-inable. Wells Fargo Securities acts as distribution agent with $25.75 per security agent discount.

Bank of Montreal has filed a pricing supplement for Autocallable Barrier Notes linked to the iShares Russell 2000 ETF (IWM), due July 3, 2028. The notes offer quarterly contingent coupons of 1.8125% (approximately 7.25% annually) if IWM closes at or above the Coupon Barrier Level (80% of Initial Level).

Key features include:

• Automatic early redemption if IWM closes above its Initial Level on quarterly observation dates starting September 2025
• No guaranteed principal protection - investors risk losing 1% of principal for each 1% decline in IWM below Trigger Level (80% of Initial Level)
• Notes will be issued in $1,000 denominations with maximum agent commission of 2%
• Estimated initial value of $972.60 per $1,000 principal amount

These structured notes carry significant risks including potential loss of principal, limited upside participation in IWM's appreciation, and credit risk of Bank of Montreal. The notes will not be listed on any securities exchange.

Bank of Montreal has filed a Free Writing Prospectus for Autocallable Barrier Notes due July 16, 2029, linked to the performance of three major indices: NASDAQ-100, Russell 2000, and Dow Jones Industrial Average.

Key features of the notes include:

• Potential for automatic redemption starting July 17, 2026, if all reference assets close at or above their initial levels
• Call amounts representing approximately 11.50% return per annum
• No guaranteed principal protection - investors could lose their entire investment
• Trigger Event occurs if any index falls below 70% of initial level at maturity
• Notes will be issued in $1,000 denominations with estimated initial value of $962.70

Important risks include potential loss of principal, no interest payments, and credit risk of Bank of Montreal. The notes will not be listed on any securities exchange and are subject to automatic redemption features that could limit potential returns.

Bank of Montreal has issued $77,000 in Digital Return Barrier Notes due July 1, 2030, linked to the performance of three major indices: NASDAQ-100, Russell 2000, and Dow Jones Industrial Average. The notes offer investors a 53% Digital Return if the least performing index meets certain conditions at maturity.

Key features include:

• Notes will pay based on the worst-performing of the three indices
• Principal is at risk if worst-performing index declines more than 30% from initial level
• Investors can lose up to 100% of principal
• Initial value estimated at $934.25 per $1,000 principal amount
• Notes priced at 100% with 3.8782% agent commission

The investment involves significant risks including potential loss of principal, no interest payments, and dependence on Bank of Montreal's credit risk. The notes will not be listed on any securities exchange and are being offered at minimum denominations of $1,000.

Bank of Montreal has issued $1,142,000 in Digital Return Barrier Notes due September 30, 2026, linked to the performance of the S&P 500, Russell 2000, and Dow Jones Industrial Average indices. The notes offer a 7.80% Digital Return if the least performing index maintains at least 65% of its initial value.

Key features include:

• Investors risk losing 1% of principal for every 1% decline below 65% barrier level
• Initial index levels: S&P 500 (6,092.16), Russell 2000 (2,136.185), DJIA (42,982.43)
• Notes priced at 100% with 2% agent commission
• Estimated initial value of $968.18 per $1,000 principal

Notable risks include potential complete loss of principal, returns limited to 7.80% Digital Return regardless of index performance, and exposure to the worst-performing index only. The notes do not pay interest and lack direct index investment benefits like dividends or voting rights.

Bank of Montreal has issued $2,000 of Barrier Enhanced Return Notes due June 30, 2027, linked to the performance of the S&P 500 and Russell 2000 indices. The notes offer 107.50% leveraged positive return based on the least performing index.

Key features include:

• Principal at risk: Investors lose 1% for each 1% decline if least performing index falls below 70% barrier level
• Initial levels: S&P 500 at 6,092.16 and Russell 2000 at 2,136.185
• Barrier levels: S&P 500 at 4,264.51 and Russell 2000 at 1,495.330
• No interest payments or exchange listing

The notes' estimated initial value is $959.10 per $1,000 principal amount. BMO Capital Markets acts as calculation agent and selling agent, with a 2.50% commission. The offering highlights risks including potential total loss of principal, exposure to worst-performing index only, and credit risk of Bank of Montreal.

Bank of Montreal is offering $333,000 in Capped Buffer Enhanced Return Notes due June 30, 2027, linked to the S&P 500 Index. The notes feature:

• 150% leveraged upside participation in S&P 500 gains, capped at a maximum return of 14.50% ($1,145 per $1,000 principal)
• 20% downside buffer protection - no losses on first 20% index decline
• 1:1 losses beyond buffer - investors can lose up to 80% of principal if index falls more than 20%
• Initial index level: 6,092.16
• Buffer level: 4,873.73 (80% of initial)

Key risks include credit risk of Bank of Montreal, capped upside potential, and potential for significant losses beyond buffer. Notes priced at $1,000 per unit with estimated initial value of $965.16. BMO Capital Markets acts as calculation agent and selling agent with 2.59% commission.