MicroSectors™ Energy 3X Leveraged ETN SEC Filings

Bank of Montreal has issued $1,335,000 of Capped Buffer Enhanced Return Notes due July 31, 2026, linked to the NASDAQ-100 Index. The notes offer 200% leveraged exposure to the index's positive performance, capped at a maximum return of 9.60% ($1,096.00 per $1,000 principal).

Key features include:

• 15% downside buffer protection - no losses if index declines up to 15%
• 1:1 losses beyond 15% buffer, with maximum potential loss of 85%
• Initial Index Level: 22,237.74
• Buffer Level: 18,902.08 (85% of Initial Level)
• Notes priced at 100% with 1.7622% agent commission

Key risks include credit risk of Bank of Montreal, capped upside potential, potential loss of principal beyond buffer, and no interest payments. The notes' estimated initial value is $973.24 per $1,000 principal amount.

Bank of Montreal has issued $3,381,000 in Autocallable Barrier Notes due June 30, 2028, linked to the performance of the S&P 500, NASDAQ-100, and Russell 2000 indices. These structured notes offer potential returns of approximately 10% per annum through automatic call features.

Key features include:

• Notes will be automatically redeemed if all reference indices close at or above 90% of their initial levels on semi-annual observation dates starting June 2026
• Call amounts range from $100 to $300 per $1,000 note
• No guaranteed principal protection - investors risk losing their entire investment if any index falls below 75% of initial level at maturity
• Initial estimated value of $962.30 per $1,000 principal amount
• Notes priced at 100% with 2.50% 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 $1,395,000 in Autocallable Barrier Notes due June 30, 2028, linked to the performance of the S&P 500, NASDAQ-100, and Russell 2000 indices. The notes offer quarterly contingent coupons of 1.925% (7.70% annually) if all reference assets close at or above their 70% barrier levels.

Key features include:

• Automatic early redemption starting December 2025 if all indices exceed their initial levels
• No guaranteed principal protection; investors risk losing 1% for every 1% decline in worst-performing index if below 70% trigger level at maturity
• Initial index levels: S&P 500 (6,092.16), NASDAQ-100 (22,237.74), Russell 2000 (2,136.185)
• Notes priced at 100% with approximately 2.86% agent commission

The estimated initial value is $960.46 per $1,000 principal amount. Notes will be issued in $1,000 denominations and are subject to Bank of Montreal's credit risk. The securities will not be listed on any exchange or subject to CDIC Act conversion provisions.

Bank of Montreal has filed a pricing supplement for Barrier Notes with Contingent Coupons due August 31, 2026, linked to the performance of the Russell 2000 Index and S&P 500 Index. The notes offer monthly contingent coupon payments at 0.55% per month (approximately 6.60% per annum) if both indices remain above their respective Coupon Barrier Levels.

Key features include:

• Principal is at risk if either index falls below its Trigger Level (75% of Initial Level) at maturity
• Monthly coupon payments contingent on both indices staying above 75% of their Initial Levels
• No upside participation beyond fixed coupon payments
• Minimum denomination of $1,000
• Estimated initial value of $966.20 per $1,000 principal amount

The notes carry significant risks including potential loss of principal, no guaranteed coupon payments, and limited returns capped at the contingent coupon rate. All payments are subject to Bank of Montreal's credit risk.