MicroSectors™ Energy 3X Leveraged ETN SEC Filings

Bank of Montreal has filed a pricing supplement for Contingent Risk Absolute Return Barrier Notes due July 16, 2030, linked to the S&P 500® Index. The notes offer 110% leveraged exposure to positive index returns and unique downside protection features.

Key features include:

• Principal amount: $1,000 per note
• If index declines up to 25% (Barrier Level), investors receive positive returns up to 25% (Maximum Downside Amount of $1,250)
• If index declines more than 25%, investors lose 1% for each 1% decline below Initial Level
• No interest payments; 5-year term
• Initial estimated value of $982.10 per $1,000 note

Risk factors include potential loss of principal, credit risk of Bank of Montreal, limited participation in negative performance, and no direct investment in the index. Notes will be sold through BMO Capital Markets Corp with no commission but include a structuring fee up to $8.50 per note.

Bank of Montreal has filed a Free Writing Prospectus for Buffer Enhanced Return Notes due January 11, 2027, linked to a basket of three equity indices and ETFs. The notes offer:

• 1-to-1 positive return based on an equally weighted basket consisting of EAFE iShares MSCI ETF, Russell 2000 Index, and iShares MSCI Emerging Markets ETF
• Maximum return capped at 19.20% ($1,192.00 per $1,000 principal)
• Principal protection against first 20% of basket decline
• 1% loss in principal for each 1% decline beyond 20% buffer, with maximum loss of 80%

Key features include $1,000 minimum denomination, no interest payments, and no listing on securities exchange. Notes will be priced July 3, 2025, settle July 9, 2025, and mature January 11, 2027. Initial estimated value is $987.20 per $1,000 principal. BMO Capital Markets serves as calculation agent and selling agent.

Bank of Montreal has filed a pricing supplement for Market Linked Notes due July 03, 2030, linked to the S&P 500® Index. The notes offer 1-to-1 positive return based on index appreciation, subject to a Maximum Redemption Amount of $1,495.00 per $1,000 principal (49.50% return cap).

Key features include:

• Principal protection if the index declines
• 100% upside participation rate up to the cap
• No interest payments
• Minimum denomination of $1,000
• Initial estimated value of $978.20 per $1,000 principal

Notable risks include credit risk of Bank of Montreal, limited upside potential due to the return cap, and no direct investment in the S&P 500 or its components. The notes will be sold through BMO Capital Markets with a 1.125% agent's commission. Settlement date is July 03, 2025, with maturity on July 03, 2030.

Bank of Montreal has issued $520,000 in Senior Medium-Term Notes linked to the S&P 500® Index, due June 28, 2027. The notes offer investors 1-to-1 positive return based on S&P 500 appreciation, with a Maximum Redemption Amount of $1,132.50 per $1,000 principal (13.25% cap on returns).

Key features include:

• Principal protection if the index declines
• No interest payments
• 100% upside participation rate up to the cap
• Initial S&P 500 level: 6,025.17
• Minimum denomination: $1,000

Notable risks include credit risk of Bank of Montreal, limited upside potential due to return cap, no dividend participation, and potential illiquidity as notes won't be exchange-listed. The initial estimated value of $983.70 per $1,000 principal is below the offering price, reflecting embedded costs and fees.