MicroSectors™ Energy 3X Leveraged ETN SEC Filings

Bank of Montreal has filed a pricing supplement for Market Linked Securities, offering Auto-Callable notes linked to the lowest performing of the Nasdaq-100, Russell 2000, and S&P 500 indices, due July 7, 2028.

Key features include:

• Monthly contingent coupon payments at least 8.60% per annum if the lowest performing index is above its 70% threshold
• Automatic call feature starting January 2026 if lowest performing index equals/exceeds starting value
• Principal at risk - investors could lose over 30% of investment if lowest performing index falls below 70% threshold at maturity
• Original offering price of $1,000 per security with estimated initial value of $967.20

Notable risks include full downside exposure to worst-performing index, no fixed interest payments, and exposure to Bank of Montreal's credit risk. Securities are not FDIC insured and not exchange listed.

Bank of Montreal has filed a prospectus supplement for Market Linked Securities - Auto-Callable securities with contingent coupon and memory features, linked to the performance of three homebuilder stocks: D.R. Horton, PulteGroup, and Toll Brothers, due June 29, 2028.

Key features of the securities include:

• Monthly contingent coupon payments at minimum 14.70% per annum if the lowest-performing stock meets threshold value (70% of starting value)
• Automatic call feature starting September 2025 if lowest-performing stock equals/exceeds starting value
• Risk of principal loss if lowest-performing stock falls below 70% threshold at maturity
• Original offering price of $1,000 per security with estimated initial value of $962.90

Important risks: Full downside exposure to worst-performing stock, no participation in upside appreciation, subject to Bank of Montreal's credit risk, and no exchange listing. Securities are designed to be held until maturity or automatic call.