蒙特利尔银行美股招股说明书(2026-05-20版)

US$3,025,000Senior Medium-Term Notes, Series KCallable Barrier Notes with Contingent Coupons due November 30, 2027Linked to the Least Performing of the S&P 500®Index and the NASDAQ-100 Index®and the Russell 2000®Index 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 0.8542% per month (approximately 10.25% per annum) if the closing level of each of the S&P 500®Index, the NASDAQ-100 Index®, and the Russell 2000®Index (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 June 25, 2026 , 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"). If Bank 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 be If the notes are not subject to an Issuer Call, a Trigger Event has occurred and the Final Level of any Reference Asset is less than its Initial Level, investors willlose 1% of the principal amount for each 1% decrease in the level of the Least Performing Reference Asset (as defined below) from its Initial Level to its FinalLevel. In such a case, you will receive a cash amount at maturity that is less than the principal amount.Investing in the notes is not equivalent to a hypothetical direct investment in the Reference Assets.  Terms of the Notes: Specific Terms of the Notes: BMO CAPITAL MARKETS The S&P 500®Index (ticker symbol "SPX") and the NASDAQ-100 Index®(ticker symbol "NDX") and theRussell 2000®Index (ticker symbol "RTY"). See "The Reference Assets" below for additional information. 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 atthe Contingent Interest Rate, subject to the Issuer Call feature. 0.8542% per month (approximately 10.25% per annum), if payable. Accordingly, each Contingent Coupon, ifpayable, will equal $8.542 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 last business day of each month, beginning on January 30, 2026 andending on the Maturity Date, subject to the Issuer Call feature. Beginning on June 25, 2026, 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 Bankof Montreal will deliver notice to the trustee on or before the applicable Observation Date. 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 the notes, the Contingent Coupon Payment Date immediately following therelevant Observation Date. If the notes are not subject to an Issuer Call, the payment at maturity for the notes is based on the performanceof the Reference Assets. You will receive $1,000 for each $1,000 in principal amount of the note, unless (a) a Trigger Event hasoccurred and (b) the Final Level of the Least Performing Reference Asset is less than its Initial Level. If a Trigger Event has occurred and the Final Level of the Least Performing Reference Asset is less than itsInitial Level, you will receive at maturity, for each $1,000 in principal amount of your notes, a cash amountequal to: This amount will be less than the principal amount of your notes, and may be zero. 4,145.87 with respect to SPX, 15,352.70 with respect to NDX and 1,524.673 with respect to RTY, each ofwhich is 60.00% of the respective