MicroSectors™ Energy 3X Leveraged ETN SEC Filings

Bank of Montreal is offering $572,000 in Autocallable Barrier Notes with Memory Coupons due June 26, 2028, linked to the performance of Best Buy (BBY), Advance Auto Parts (AAP), and Lyft (LYFT).

Key features include:

• Monthly contingent coupons of 2.0833% (25% annually) if each stock closes above its barrier level
• Memory feature allows recovery of previously missed coupons
• Automatic early redemption starting December 2025 if all stocks close above their initial levels
• Principal at risk - If any stock falls below 50% of initial level at maturity, investors receive shares of worst-performing stock

Initial stock levels: BBY $69.39, AAP $48.23, LYFT $14.95. Barrier levels set at 50% of initial prices. Notes priced at 100% with estimated initial value of $956.13 per $1,000. BMOCM serves as calculation agent and selling agent.

Bank of Montreal is offering Auto-Callable Securities linked to the performance of Chevron Corporation and Exxon Mobil Corporation common stocks, due July 3, 2028. Key features include:

The securities, priced at $1,000 per unit, offer monthly contingent coupon payments at a rate of at least 10.60% per annum if the lowest-performing underlying stock closes at or above its 75% coupon threshold. The securities include a memory feature for missed payments.

• Automatic call feature triggers if the lowest-performing stock closes at or above its starting value on any monthly calculation day from December 2025 to May 2028
• At maturity, if not called earlier, investors face potential principal loss if the lowest-performing stock closes below its 70% downside threshold
• Estimated initial value is $960.00 per security, with a minimum of $920.00

Notable risks include potential loss of principal, no fixed interest payments, and exposure to the worst-performing stock. The securities will not be listed on any exchange, limiting liquidity options.

Bank of Montreal has issued $3.452 million in Digital S&P 500 Index-Linked Notes due September 15, 2027. These structured notes offer investors exposure to S&P 500 performance with unique payoff characteristics:

Key features:

• If S&P 500 is at or above 85% threshold of initial level (5,967.84) at maturity, investors receive $1,191.50 per $1,000 principal
• Below threshold, investors lose approximately 1.1765% for every 1% decline beyond -15%
• Initial estimated value is $991.48 per $1,000 principal
• Notes are unsecured obligations of Bank of Montreal with credit risk

The notes do not pay interest and are designed to be held to maturity. They are not listed on any exchange and not FDIC insured. The payoff structure provides partial downside protection through the 85% threshold level but exposes investors to amplified losses below this level.

Bank of Montreal has issued $13,290,000 in Capped Leveraged Buffered S&P 500 Index-Linked Notes due September 15, 2027. These structured notes offer investors:

• Leveraged Upside Potential: 180% participation in S&P 500 gains, capped at maximum return of 26.712% ($1,267.12 per $1,000 principal)
• Downside Protection: Full principal protection if index declines up to 15% from initial level of 5,967.84
• Risk Features: For declines beyond 15%, investors lose approximately 1.1765% for every 1% index decline

Key terms include no periodic interest payments, 2-year maturity, and an estimated initial value of $992.31 per $1,000 principal. Notes are unsecured obligations of Bank of Montreal, subject to credit risk, and not FDIC insured. Trading is limited as notes are not listed on any securities exchange and designed to be held to maturity.

Bank of Montreal has issued $3,988,000 in Senior Medium-Term Notes with a 5.00% fixed interest rate, due June 25, 2029. Key features include:

• Principal amount of $1,000 per note with semi-annual interest payments
• Optional redemption by Bank of Montreal starting June 25, 2026
• Notes are bail-inable and can be converted into common shares under CDIC Act
• Trading at original issue price of $1,000 with $4.00 underwriting discount

Notable risks include credit risk, limited secondary market trading as notes won't be listed on exchanges, and potential early redemption risk. The notes are subject to Canadian bail-in powers, allowing conversion into common shares if the bank faces financial distress. Interest payments may be less favorable compared to alternative investments, particularly if interest rates change significantly during the note's term.