MicroSectors™ Energy 3X Leveraged ETN SEC Filings

Bank of Montreal has filed a pricing supplement for Callable Barrier Notes with Contingent Coupons due July 10, 2028, linked to the performance of the S&P 500, NASDAQ-100, and Russell 2000 indices.

Key features include:

• Monthly contingent coupon payments of 0.775% (9.30% per annum) if all reference assets close at or above their 70% Coupon Barrier Level
• Bank can call notes starting July 7, 2026 on any observation date, returning principal plus any contingent coupon
• If not called and no Trigger Event occurs (no index falls below 60% of initial level), principal is returned at maturity
• If Trigger Event occurs, investors lose 1% for each 1% decline in worst-performing index

Notes will be issued in $1,000 denominations with estimated initial value of $986.30. All payments subject to Bank of Montreal's credit risk. Notes will not be listed on any exchange or subject to CDIC Act conversion.

Bank of Montreal (BMO) is offering Senior Medium-Term Notes, Series K—Autocallable Barrier Notes with Memory Coupons—linked to the common shares of Applied Materials, Inc. (AMAT) and Micron Technology, Inc. (MU). The notes mature on 3 July 2028 but can be automatically called as early as the first observation date on 30 September 2025 if both reference shares close at or above their Call Level (100 % of Initial Level).

Income feature. Each $1,000 note may pay a 4.50 % quarterly contingent coupon (≈ 18 % p.a.). Coupons are paid only if both shares close on the observation date at or above a Coupon Barrier set at 60 % of their Initial Level. Thanks to the Memory Coupon provision, missed coupons are paid later if barrier conditions are subsequently met.

Principal risk. If the notes are neither redeemed early nor trigger-free at maturity and any share closes below its Trigger Level (60 % of Initial Level) on the valuation date, investors receive a physical delivery of the worst-performing stock (or its cash value) equal to $1,000/Initial Level, exposing them to a one-for-one downside below the trigger—up to total loss.

Additional terms.

• Issue price: 100 % of face; estimated initial value: $968.80 (3.12 % underwriting discount and hedging cost).
• Denomination: $1,000; not exchange-listed.
• All payments subject to BMO credit risk; notes are unsecured and not CDIC/FDIC insured.
• Citigroup Global Markets acts as selling agent; up to 2.00 % selling concession.

Investor profile. Suitable only for investors comfortable with single-stock downside exposure, issuer credit risk, illiquidity, and the possibility of losing principal in exchange for a high contingent coupon and potential early redemption.

Bank of Montreal has issued $3,000,000 in Senior Medium-Term Notes with a 5.15% fixed interest rate, due June 25, 2030. The notes are being offered at $1,000 per note with semi-annual interest payments.

Key features include:

• Optional redemption by Bank of Montreal starting June 25, 2026
• Interest payments on June and December 25th
• Bail-inable notes subject to conversion into common shares under CDIC Act
• Not listed on any securities exchange
• Underwriting discount of $4.00 per note

Notable risks include:

• Credit risk tied to Bank of Montreal's creditworthiness
• Limited secondary market trading expected
• Subject to early redemption risk when interest rates are favorable to the issuer
• Not FDIC insured or covered by other governmental insurance

Bank of Montreal is offering $781,000 in Autocallable Barrier Notes linked to Interactive Brokers Group stock (IBKR), due December 28, 2026. Key features include:

• Monthly contingent coupon payments of 0.8917% (10.70% annually) if IBKR closes above the Coupon Barrier Level ($30.80)
• Automatic early redemption starting December 2025 if IBKR closes above Initial Level ($51.34)
• Risk of principal loss if IBKR falls below Trigger Level ($30.80, 60% of Initial Level) at maturity
• Notes priced at 100% with 2.40% agent commission

These structured notes carry significant risks including potential loss of principal, credit risk of Bank of Montreal, and no direct participation in IBKR stock appreciation. The estimated initial value is $961.88 per $1,000 principal amount. Notes will not be listed on any exchange and minimum investment is $1,000.

Bank of Montreal has filed a Free Writing Prospectus for Capped Barrier Enhanced Return Notes linked to the SPDR S&P 500 ETF Trust (SPY), due September 1, 2026. The notes offer 200% leveraged exposure to SPY's positive performance, capped at a maximum return of 10.50% ($1,105 per $1,000 principal).

Key features include:

• Principal at risk: Investors lose 1% for each 1% decline if SPY falls below 80% of initial level
• No interest payments or direct ETF ownership rights
• Minimum denomination: $1,000
• Initial value estimated at $967.30 per $1,000 principal
• BMO Capital Markets serving as calculation agent and selling agent

The notes carry significant risks including potential loss of principal, limited upside due to the return cap, and credit risk of Bank of Montreal. The offering is subject to completion, with pricing expected on June 26, 2025.

Bank of Montreal (BMO) has filed a Free Writing Prospectus for its Capped Buffer Enhanced Return Notes due July 3, 2028. The unsecured senior notes are linked to an equally-weighted basket of ten large-capitalization equities (AVGO, PLTR, XOM, NEE, HD, GEV, LIN, ICE, RSG, SNOW). Investors receive 125 % leveraged upside on any positive basket performance, subject to a 57 % maximum return (maximum redemption of $1,570 per $1,000 face value).

Downside protection is limited. If the basket falls ≤15 % from its initial level, principal is returned at maturity. Below that buffer, investors lose dollar-for-dollar exposure beyond the 15 % threshold, risking up to 85 % of principal. The notes pay no coupons, are not listed on an exchange, and carry BMO credit risk.

• Issue price: 100 % of face; estimated initial value: $971.30 (at time of filing) and not less than $925 on pricing date, implying ≈ 2.9-7.5 % total fees/hedging costs.
• Agent’s commission: 0.65 %; BMOCM acts as calculation and selling agent (potential conflict of interest).
• Trade timeline: Pricing June 30 2025; settlement July 3 2025; valuation June 28 2028; maturity July 3 2028.
• Denomination & CUSIP: $1,000 minimum; 06376ELN0.

The product suits investors with a moderately bullish three-year outlook on the diversified equity basket who accept capped upside, no interim income, liquidity constraints, and significant downside and issuer credit risk.

Bank of Montreal has issued $1.86 million in Digital Return Barrier Notes due September 25, 2026, linked to the performance of three major indices: NASDAQ-100, Russell 2000, and Dow Jones Industrial Average.

Key features include:

• 11.90% Digital Return if the least performing index is at or above 70% of its initial level
• Principal at risk: 1% loss for each 1% decline below 70% barrier level
• Initial offering price: 100% ($1,000 per note)
• Estimated initial value: $977.14 per note

Notable risks include potential loss of entire investment, returns limited to Digital Return regardless of index performance, and exposure to the worst-performing index only. The notes are subject to Bank of Montreal's credit risk and will not be listed on any securities exchange. BMO Capital Markets serves as calculation agent and selling agent, with a 0.375% commission.

Bank of Montreal has issued $437,000 of Buffer Enhanced Return Notes due June 25, 2027, linked to a basket of five equity indices and ETFs. The notes offer 200% leveraged exposure to the performance of a weighted basket consisting of iShares MSCI Emerging Markets ETF (15%), Russell 2000 Index (20%), NASDAQ-100 Index (15%), EURO STOXX 50 Index (15%), and Invesco S&P 500 High Beta ETF (35%).

Key features include:

• Maximum return capped at 24.75% ($1,247.50 per $1,000 principal)
• 10% downside buffer protection
• 1:1 loss exposure beyond buffer, with maximum loss of 90%
• Initial value estimated at $974.32 per $1,000 principal
• Notes priced at 100% with 0.80% agent commission

The notes are unsecured obligations of Bank of Montreal, do not pay interest, and are not listed on any securities exchange. They are designed for investors seeking leveraged upside exposure to the basket while accepting a capped return and partial downside protection.