蒙特利尔银行美股招股说明书(2026-06-24版)

US$2,882,000Senior Medium-Term Notes, Series KAutocallable Barrier Notes with Contingent Coupons due June 25, 2031Linked to the Least Performing of the NASDAQ-100 Index®and the Russell 2000® 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 closing level of each of the NASDAQ-100 Index®and the Russell 2000®Index and the Dow Jones Industrial Average®(each, a "Reference Asset"and, collectively, the "Reference Assets") on any quarterly Call Observation Date beginning in June 2027 is greater than 100% of its Initial Level (the “CallLevel”). Investors should be willing to have their notes automatically redeemed prior to maturity, be willing to forego any potential to participate in any increase inthe 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 0.7167% per month (approximately 8.60% per annum) if the closing level of each Reference Asset on the applicable monthly Coupon Observation Date is greater than or equal to its Coupon Barrier Level.However, if the closing level of any Reference Asset is less than its Coupon Barrier Level on a Coupon Observation Date, the notes will not pay the ContingentCoupon for that Coupon Observation Date.Beginning on June 22, 2027 , if on any Call Observation Date, the closing level of each Reference Asset is greater than its Call Level, the notes will be automatically redeemed. On the following Contingent Coupon Payment Date (the “Call Settlement Date"), investors will receive their principal amount plus theContingent Coupon otherwise 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 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 Level on theValuation Date (a “Trigger Event”), as described below.If the notes are not automatically redeemed and a Trigger Event has occurred, investors will lose 1% of the principal amount for each 1% decrease in the level of the Least Performing 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 theprincipal amount, together with the final Contingent Coupon, if payable.Investing in the notes is not equivalent to a hypothetical direct investment in the Reference Assets. 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:June 22, 2026Settlement Date:June 25, 2026Specific 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 to the Pricing Date, which mayhave been variable and fluctuated depending on market conditions at such times. Certain dealers who purchased the notes for sale to certain fee-based advisory accounts may have foregone some or all of their sellingconcessions, fees or commissions. The public offering price for investors purchasing the notes in these accounts was between $963.75 and $1,000 per $1,000 in principal amount. We or one of our affiliates will also pay areferral fee to certain dealers of up to 0.50% of the principal amount in connection with the distribution of the notes.* Rounded to two decimal places with respect to NDX and INDU and rounded to three decimal places with respect to RTY. 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 beginningon 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 savings accounts or deposits that are insured by the United States FederalDeposit Insurance Corporation, the Deposit Insurance Fund, the Canada Deposit Insurance Corporation or any other governmental agency or instrumentality or other entity.On the date hereof, based on the terms set forth above, the estimated