蒙特利尔银行美股招股说明书(2026-05-11版)

US$732,000Senior Medium-Term Notes, Series KCallable Barrier Notes with Contingent Coupons due May 12, 2032Linked to the Least Performing of the S&P 500® Index and the Russell 2000® Index and the Dow Jones Industrial Average® The notes are designed for investors who are seeking monthly contingent periodic interest payments (as described in more detail below), as well as a return ofprincipal if the notes are redeemed prior to maturity. Investors should be willing to have their notes redeemed prior to maturity, be willing to forego any potentialto participate in any increase in the level of the Reference Assets and be willing to lose some or all of their principal at maturity.The notes will pay a Contingent Coupon on each Contingent Coupon Payment Date at the Contingent Interest Rate of 0.7292% per month (approximately 8.75%per annum) if the closing level of each of the S&P 500® Index, the Russell 2000® Index, and the Dow Jones Industrial Average® (each, a "Reference Asset" and,collectively, the "Reference Assets") on the applicable monthly Observation Date is greater than or equal to its Coupon Barrier Level. However, if the closing levelof any Reference Asset is less than its Coupon Barrier Level on an Observation Date, the notes will not pay the Contingent Coupon for that Observation Date.Beginning on May 07, 2027, Bank of Montreal may, in its discretion, elect to call the notes in whole, but not in part, on any Observation Date (an "Issuer Call"). IfBank of Montreal elects to call the notes, investors will receive their principal amount plus any Contingent Coupon otherwise due on the Contingent CouponPayment Date following the Issuer Call (the "Call Settlement Date"). After the notes are redeemed pursuant to an Issuer Call, investors will not receive anyadditional payments in respect of the notes.The notes do not guarantee any return of principal at maturity. Instead, if the notes are not redeemed pursuant to an Issuer Call, the payment at maturity will bebased on the Final Level of each Reference Asset and whether the Final Level of any Reference Asset has declined from its Initial Level to below its Trigger Levelon the Valuation Date (a “Trigger Event”), as described below.If the notes are not subject to an Issuer Call and a Trigger Event has occurred, investors will lose 1% of the principal amount for each 1% decrease in the level ofthe Least Performing Reference Asset (as defined below) from its Initial Level to its Final Level. In such a case, you will receive a cash amount at maturity that isless than the principal amount.Investing in the notes is not equivalent to a hypothetical direct investment in the Reference Assets.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.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: Pricing Date:May 07, 2026Settlement Date:May 12, 2026Specific Terms of the Notes: BMO CAPITAL MARKETS The S&P 500® Index (ticker symbol "SPX") and the Russell 2000® Index (ticker symbol "RTY") and the DowJones Industrial Average® (ticker symbol "INDU"). See "The Reference Assets" below for additionalinformation. If the closing level of each Reference Asset on an Observation Date is greater than or equal to its CouponBarrier Level, a Contingent Coupon will be paid on the corresponding Contingent Coupon Payment Date at theContingent Interest Rate, subject to the Issuer Call feature. 0.7292% per month (approximately 8.75% per annum), if payable. Accordingly, each Contingent Coupon, ifpayable, will equal $7.292 for each $1,000 in principal amount. Three trading days prior to each scheduled Contingent Coupon Payment Date. Interest, if payable, will be paid on the 12th day of each month (or, if such day is not a business day, the nextfollowing business day), beginning on June 12, 2026 and ending on the Maturity Date, subject to the Issuer Callfeature. Beginning on May 07, 2027, Bank of Montreal may, in its discretion, elect to call the notes in whole, but not inpart, on any Observation Date. After the notes are redeemed pursuant to the Issuer Call, investors will notreceive any additional payments in respect of the notes. If Bank of Montreal elects to call the notes, the Bank ofMontreal will deliver notice to the trustee on or before the applicable Observation Date. Issuer Call: If Bank of Montreal elects to call the notes, investors will receive their principal amount plus any ContingentCoupon otherwise due on the Call Settlement Date. If Bank of Montreal elects to call