蒙特利尔银行美股招股说明书(2026-02-18版)

Bank of Montreal Senior Medium-Term Notes, Series KEquity Linked Securities Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Principal at Risk Securities Linked to the Lowest Performing of the Common Stock of Amazon.com, Inc., the CommonStock of NVIDIA Corporation and the Common Stock of UnitedHealth Group Incorporated due February 16, 2029 Linked to the lowest performing of the common stock of Amazon.com, Inc., the common stock of NVIDIA Corporation and the common stock of UnitedHealth GroupIncorporated (each referred to as an “Underlier”) Unlike ordinary debt securities, the securities do not provide for fixed payments of interest, do not repay a fixed amount of principal at stated maturity and are subject topotential automatic call prior to stated maturity upon the terms described below. Whether the securities pay a contingent coupon, whether the securities are automaticallycalled prior to stated maturity and, if they are not automatically called, whether you receive the face amount of your securities at stated maturity, will depend, in each case,on the closing value of the lowest performing Underlier on the relevant calculation day. The lowest performing Underlier on any calculation day is the Underlier that has the Contingent Coupon.The securities will pay a contingent coupon on a monthly basis until the earlier of stated maturity or automatic call if, and only if, the closing value ofthe lowest performing Underlier on the calculation day for that month is greater than or equal to its coupon threshold value. If the closing value of the lowest performingUnderlier on a calculation day is less than its coupon threshold value, you will not receive any contingent coupon on the related contingent coupon payment date. However,if the closing value of the lowest performing Underlier on one or more calculation days is less than its coupon threshold value and, on a subsequent calculation day, theclosing value of the lowest performing Underlier on that subsequent calculation day is greater than or equal to its coupon threshold value, the securities will pay thecontingent coupon payment due for that subsequent calculation day plus all previously unpaid contingent coupon payments (without interest on amounts previously unpaid).If the closing value of the lowest performing Underlier is less than its coupon threshold value on every calculation day, you will not receive any contingent coupons inclusive, is greater than or equal to its call threshold value, the securities will be automatically called for the face amount plus a final contingent coupon payment and anypreviously unpaid contingent coupon payments. The call threshold value for each Underlier is equal to 90% of its starting value Potential Loss of Principal.If the securities are not automatically called prior to stated maturity, you will receive the face amount at stated maturity if, and only if, theclosing value of the lowest performing Underlier on the final calculation day is greater than or equal to its downside threshold value. If the closing value of the lowestperforming Underlier on the final calculation day is less than its downside threshold value, you will lose more than 30%, and possibly all, of the face amount of your If the securities are not automatically called prior to stated maturity, you will have full downside exposure to the lowest performing Underlier from its starting value if itsclosing value on the final calculation day is less than its downside threshold value, but you will not participate in any appreciation of any Underlier and will not receive anydividends on any Underlier any way from the performance of the better performing Underliers. Therefore, you will be adversely affected ifany Underlierperforms poorly, even if the other Underliers All payments on the securities are subject to our credit risk, and you will have no ability to pursue any Underlier for payment; if Bank of Montreal defaults on itsobligations, you could lose some or all of your investment No exchange listing; designed to be held to maturity or automatic callOn the date of this pricing supplement, the estimated initial value of the securities is $945.88 per security. As discussed in more detail in this pricing supplement, the actual value of the securities at any time will reflect many factors and cannot be predicted with accuracy. See “Estimated Value of the Securities” in this pricing supplement.The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See “Selected RiskConsiderations” beginning on page PRS-10 herein and “Risk Factors” beginning on page PS-5 of the accompanying product supplement, page S-2 of the prospectus supplement andpage 9 of the prospectus. The securities are the unsecured obligations of Bank of Montreal, and, accordingly, all payments on the securities are subject to the credit risk of Bank