蒙特利尔银行美股招股说明书(2026-08-03版)

Senior Medium-Term Notes, Series KETF Linked Securities Market Linked Securities—Auto-Callable with Fixed Coupon and Geared Buffered DownsidePrincipal at Risk Securities Linked to the iShares®Ethereum Trust ETF due July 3, 2028Linked to the iShares ®Ethereum Trust ETF (the “Underlier”)Unlike ordinary debt securities, the securities do not repay a fixed amount of principal at stated maturity and are subject to potential automatic call prior to stated maturity upon the terms described below. Whether the securities are automatically called prior to stated maturity and, if they are not automatically called,whether you receive the face amount of your securities at stated maturity, will depend, in each case, on the closing value of the Underlier on the relevant calldate or the final calculation day, as applicable.Monthly Coupon.The securities will pay a fixed coupon on a monthly basis, until the earlier of stated maturity or automatic call, at a rate of 10.70% per annum Automatic Call.If the closing value of the Underlier on any of the monthly call dates beginning approximately six months after issuance is greater than orequal to the starting value, the securities will be automatically called for the face amount plus a final coupon paymentPotential Loss of Principal and Physical Settlement at Maturity.If the securities are not automatically called prior to stated maturity, you will receive the face amount at stated maturity if, and only if, the closing value of the Underlier on the final calculation day is greater than or equal to the threshold value. If theclosing value of the Underlier on the final calculation day is less than the threshold value, we will deliver to you at maturity a number of shares of the Underlierequal to the share delivery amount, which is equal to the face amount divided by the threshold value, subject to adjustment for certain events relating to theUnderlier. The share delivery amount is expected to be worth less than the face amount of the securities and may be worthlessThe threshold value is equal to 60% of the starting value Investors should be knowledgeable about the risks associated with cryptocurrencies and digital assets because the Underlier seeks to reflect generally theperformance of the price of ether and therefore the securities involve significant risks in investments tracking cryptocurrencies.Ether has historicallyexhibited high price volatility relative to more traditional asset classes and has experienced extreme volatility in recent periods and may continue to doso All payments on the securities are subject to our credit risk, and you will have no ability to pursue the shares of the Underlier or any assets held by the Underlierfor payment; if Bank of Montreal defaults on its obligations, you could lose some or all of your investmentNo exchange listing; designed to be held to maturity or automatic call On the date of this pricing supplement, the estimated initial value of the securities is $944.53 per security. As discussed in more detail in this pricing supplement, the actual value ofthe securities at any time will reflect many factors and cannot be predicted with accuracy. See “Estimated Value of the Securities” in this pricing supplement.The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See“Selected Risk Considerations” beginning on page PRS- 10 herein and “Risk Factors” beginning on page PS-5 of the accompanying product supplement, pageS-2 of the prospectus supplement and page 9 of the prospectus.The securities are the unsecured obligations of Bank of Montreal, and, accordingly, all payments on the securities are subject to the credit risk of Bank of Montreal. If Bank of Montreal defaults on its obligations, you could lose some or all of your investment. The securities are not insured by the Federal Deposit Insurance Corporation, the DepositInsurance Fund, the Canada Deposit Insurance Corporation or any other governmental agency.The securities are not bail-inable notes and are not subject to conversion into our common shares or the common shares of any of our affiliates under subsection 39.2(2.3) of the Neither the Securities and Exchange Commission nor any state securities commission or other regulatory body has approved or disapproved of these securities or passed upon theaccuracy or adequacy of this pricing supplement or the accompanying product supplement, prospectus supplement and prospectus. Any representation to the contrary is a criminaloffense. (1)Wells Fargo Securities, LLC is the agent for the distribution of the securities and is acting as principal. See “Terms of the Securities—Agent” and “Estimated Value of the Securities” in thispricing supplement for further information.(2)In respect of certain securities sold in this offering, our affiliate, BMO Capital Markets Corp., may pay a fee of up to $2.00 per security to selected securities dealers