蒙特利尔银行美股招股说明书(2026-07-30版)

US$2,841,000Senior Medium-Term Notes, Series KAutocallable Barrier Notes with Step Up Call Amount due July 31, 2030Linked to the Least Performing of the Russell 2000®Index and the Dow Jones Industrial Average® and the Nasdaq-100 Technology SectorIndex The notes are designed for investors who are willing to forego interest payments and are seeking a return equal to the applicable Call Amount (as set forth hereinunder “Key Terms of the Notes”), which represents a return equal to approximately 12.00% per annum, if the closing level of each of the Russell 2000®Index andthe Dow Jones Industrial Average®and the Nasdaq-100 Technology Sector Index (each, a "Reference Asset" and, collectively, the "Reference Assets") on anyannual Observation Date beginning in August 2027 is greater than or equal to 100% of its Initial Level (the “Call Level”). Investors should be willing to have theirnotes automatically redeemed prior to maturity, be willing to forego any potential to participate in any increase in the level of the Reference Assets, be willing toforego any interest and be willing to lose some or all of their principal at maturity.Beginning on August 03, 2027, if on any Observation Date, the closing level of each Reference Asset is greater than or equal to its Call Level, the notes will be automatically redeemed. On the corresponding settlement date (the “Call Settlement Date"), investors will receive their principal amount plus the Call Amountcorresponding to the applicable Observation Date. 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 (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. 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 Deposit Insurance Corporation Act (the “CDIC Act”).Terms of the Notes: Pricing Date:July 28, 2026Settlement Date:July 31, 2026Specific Terms of the Notes: 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 prospectussupplement 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 initial value of the notes is $941.44 per $1,000 in principal amount. However, as discussed in more detail below, the actual value of the notes at anytime will reflect many factors and cannot be predicted with accuracy. BMO CAPITAL MARKETS The Russell 2000®Index (ticker symbol "RTY") and the Dow Jones Industrial Average®(ticker symbol"INDU") and the Nasdaq-100 Technology Sector Index (ticker symbol "NDXT"). See "The Reference Assets"below for additional information. Beginning on August 03, 2027, if, on any Observation Date, the closing level of each Reference Asset is greaterthan or equal to its Call Level, the notes will be automatically redeemed. No further amounts will be owed toyou under the notes. If the notes are automatically redeemed, then, on the corresponding Call Settlement Date, investors will receivetheir principal amount plus the applicable Call Amount. If the notes are not automatically redeemed, 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 Trigger Event has occurred. If a Trigger Event has occurred, you will receive at maturity, for each $1,000 in principal amount of your notes,a cash amount equal to: $1,000 + [$1,000 x Percentage Change of the Least Performing Reference Asset] This amount will be less than the principal amount of