MicroSectors™ Energy 3X Leveraged ETN SEC Filings

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 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.

Bank of Montreal is offering $1,964,000 in Autocallable Barrier Notes due June 26, 2028, linked to the performance of Gilead Sciences (GILD), NRG Energy (NRG), and Cloudflare (NET). Key features include:

• Monthly Interest Rate: 1.25% (approximately 15% per annum)
• Automatic Redemption: Starting December 22, 2025, notes will be automatically redeemed if all Reference Assets close above their Call Levels
• Principal Risk: No guaranteed principal return. If a Trigger Event occurs (any Reference Asset falls below 60% of Initial Level), investors lose 1% for each 1% decline in worst-performing asset
• Initial Levels: GILD ($108.50), NRG ($151.92), NET ($179.30)
• Pricing: Notes priced at 100% with 3.20% agent commission; estimated initial value $957.22 per $1,000

These structured notes offer high yield potential but carry significant risks including possible principal loss and credit risk of Bank of Montreal. Not listed on any securities exchange and minimum denomination is $1,000.

Bank of Montreal has issued $1.937 million in Autocallable Barrier Enhanced Return Notes due June 26, 2028, linked to a basket of ten technology and energy sector equities. The notes offer 150% leveraged exposure to the basket's performance, with potential automatic redemption after one year.

Key features include:

• Automatic redemption on June 26, 2026, if basket level exceeds initial level, paying 14.25% annualized return
• If not auto-redeemed: 150% upside participation if basket appreciates; full principal protection if basket declines up to 30%
• 1:1 downside exposure if basket declines more than 30%, with potential for total principal loss

The basket includes equal 10% weightings of ASML, Salesforce, Digital Realty, Eaton, HPE, Microsoft, NVIDIA, Williams Companies, ServiceNow, and Jabil. Notes are priced at 100% ($1,000 denominations) with estimated initial value of $962.85 per $1,000. BMO Capital Markets serves as calculation agent and selling agent.