蒙特利尔银行美股招股说明书(2026-01-29版)

●The notes are designed for investors who are seeking 200.00% leveraged positive return based on any appreciation in the value of anequally weighted basket (the “Basket”) consisting of the equity securities (each a “Basket Component”) of three publicly traded companiesthat are not affiliated with us, as listed on page P-2 below, subject to the Maximum Redemption Amount (as defined below). Investors mustbe willing to accept that the payment at maturity will not exceed the Maximum Redemption Amount.●The Maximum Redemption Amount is $1,175.00 for each $1,000 in principal amount (a 17.50% return on the notes).●If the Basket decreases by more than 10.00% from its Initial Level, investors will lose 1% of the principal amount for each 1% decrease inthe level of the Basket from its Initial Level to its Final Level in excess of 10.00%. In such a case, you will receive a cash amount at maturitythat is less than the principal amount, and may lose up to 90.00% of your principal amount at maturity.●Investing in the notes is not equivalent to a direct investment in the Basket Components.●The notes do not bear interest. The notes will not be listed on any securities exchange.●All payments on the notes are subject to the credit risk of Bank of Montreal.●The notes will be issued in minimum denominations of $1,000 and integral multiples of $1,000.●The CUSIP number of the notes is 06376JSH5.●Our subsidiary, BMO Capital Markets Corp. (“BMOCM”), is the agent for this offering. See “Supplemental Plan of Distribution (Conflicts ofInterest)” below.●The notes will not be subject to conversion into our common shares or the common shares of any of our affiliates under subsection39.2(2.3) of the Canada Deposit Insurance Corporation Act (the “CDIC Act”). Terms of the Notes: 1The total “Agent’s Commission” and “Proceeds to Bank of Montreal” specified above reflect the aggregate amounts at the time Bank of Montreal established its hedge positions on or prior tothe Pricing Date, which may have been variable and fluctuated depending on market conditions at such times. Certain dealers who purchased the notes for sale to certain fee-based advisoryaccounts may have foregone some or all of their selling concessions, fees or commissions. The public offering price for investors purchasing the notes in these accounts was between $976.50and $1,000 per $1,000 in principal amount. Investing in the notes involves risks, including those described in the “Selected Risk Considerations” section beginning on page P-5 hereof, the “Additional Risk FactorsRelating to the Notes” section beginning on page PS-5 of the product supplement, and the “Risk Factors” section beginning on page S-1 of the prospectus supplement and on page8 of the prospectus. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these notes or passed upon the accuracy of this document, theproduct supplement, the prospectus supplement or the prospectus. Any representation to the contrary is a criminal offense. The notes will be our unsecured obligations and will not be savingsaccounts or deposits that are insured by the United States Federal Deposit Insurance Corporation, the Deposit Insurance Fund, the Canada Deposit Insurance Corporation or any othergovernmental agency or instrumentality or other entity. On the date hereof, based on the terms set forth above, the estimated initial value of the notes is $969.35 per $1,000 in principal amount. However, as discussed in more detail below, theactual value of the notes at any time will reflect many factors and cannot be predicted with accuracy. Key Terms of the Notes: Reference Asset; BasketComponents; WeightingPercentages; Initial BasketComponent Levels2: The Reference Asset is an equally weighted basket consisting of the following equity securities (the “Basket”and the underlying equity securities, the “Basket Components”): If the Final Level of the Basket is greater than its Initial Level and the Percentage Change of the Basketmultiplied by the Upside Leverage Factor is greater than or equal to the Maximum Return, the payment atmaturity for each $1,000 in principal amount of the notes will equal the Maximum Redemption Amount. If the Final Level of the Basket is greater than or equal to its Initial Level and the Percentage Change of theBasket multiplied by the Upside Leverage Factor is less than the Maximum Return, then the amount thatinvestors will receive at maturity for each $1,000 in principal amount of the notes will equal: $1,000 + [$1,000 x (Percentage Change x Upside Leverage Factor)] If the Final Level of the Basket is less than its Initial Level, but is not less than its Buffer Level, then investorswill, for each $1,000 in principal amount of the notes, receive the principal amount of $1,000 and noadditional return. If the Final Level of the Basket is less than its Buffer Level, then the amount that investors will receive atmaturity for each $1,000 in princip