蒙特利尔银行美股招股说明书(2026-03-06版)

US$300,000Senior Medium-Term Notes, Series K The notes are designed for investors who seek periodic interest payments at the interest rate (the "Interest Rate") of 1.5208% per month (approximately 18.25% perannum). Investors should be willing to have their notes automatically redeemed prior to maturity, be willing to forego any potential to participate in theappreciation of the common stock of Kratos Defense & Security Solutions, Inc. (the “Reference Asset”), and be willing to lose some or all of their principal atmaturity. Beginning on March 04, 2027, if on any Call Observation Date, the closing level of the Reference Asset is greater than its Call Level, the notes will beautomatically redeemed. On the following Coupon Payment Date (the “Call Settlement Date"), investors will receive their principal amount plus the Couponotherwise due. After the notes are redeemed, investors will not receive any additional payments in respect of the notes. The notes do not guarantee any return of principal at maturity. Instead, if the notes are not automatically redeemed, the payment at maturity will be based on theFinal Level of the Reference Asset and whether the Final Level of that Reference Asset has declined from its Initial Level to below its Trigger Level on theValuation Date (a “Trigger Event”), as described below. the Reference Asset from its Initial Level to its Final Level. In such a case, you will receive a cash amount at maturity that is less than the principal amount,together with the final Coupon. Even with Interest payments, the return on the notes may be negative. 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. Our subsidiary, BMO Capital Markets Corp. (“BMOCM”), is the agent for this offering. See “Supplemental Plan of Distribution (Conflicts of Interest)” below. The notes will not be subject to conversion into our common shares or the common shares of any of our affiliates under subsection 39.2(2.3) of the Canada DepositInsurance Corporation Act (the “CDIC Act”). Terms of the Notes: Strike Date:March 02, 2026Pricing Date:March 04, 2026Settlement Date:March 09, 2026 The 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 have been variable and fluctuated depending on market conditions at such times. Certain dealers who purchased the notes for sale to certain fee-based advisory accountsmay 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 $994.00 and $1,000per $1,000 in principal amount. We or one of our affiliates will also pay a referral fee to certain dealers of up to 0.54% of the principal amount in connection with the distribution of the notes. Investing in the notes involves risks, including those described in the “Selected Risk Considerations” section beginning on page P-5 hereof, the “Additional Risk Factors Relating to the Notes” section beginning on page PS-6 of the product supplement, and the “Risk Factors” section beginning on page S-1 of the prospectus supplement and on page 8 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, the product 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. BMO CAPITAL MARKETS Additional Terms of the Notes You should read this document together with the product supplement dated March 25, 2025, the prospectus supplement dated March 25,2025 and the prospectus dated March 25, 2025.This document, together with the documents listed below, contains the terms of the notes andsupersedes all other prior or contemporaneous oral statements as well as any other written materials including preliminary or indicativepricing terms, correspondence, trade ideas, structures for implementation, sample structures, fact sheets, brochures or other educational You may access these documents on the SEC website at www.sec.gov as follows (or if such address has changed, by reviewing our filingsfor the relevant date on the SEC website): https://www.sec.gov/Archives/edgar/data/927971/000119312525062081/d840917d424b5.htm Our Central Index Key, or CIK, on the SEC website is 927971. As used in this document, "we", "us" or "our" refers to Bank of Montreal. Selected Risk Considerations