蒙特利尔银行美股招股说明书(2026-08-07版)

US$797,000Senior Medium-Term Notes, Series KBuffer Enhanced Return Notes due August 10, 2029Linked to the shares of the Invesco QQQ TrustSM, Series 1 The notes are designed for investors who are seeking 69.15% leveraged positive return based on any appreciation in the level of the shares of the Invesco QQQTrustSM, Series 1 (the “Reference Asset”). In this scenario, your return at maturity will only increase by 0.6915% for each 1% that the level of the Reference Assetappreciates over the term of the notes, and, while positive, your return on the notes will be less than the return on a direct investment in the Reference Asset or asimilar investment directly linked to the performance of the Reference Asset over a similar period.If the Reference Asset decreases by more than 30.00% from its Initial Level, investors will lose 1% of the principal amount for each 1% decrease in the level of the Reference Asset from its Initial Level to its Final Level in excess of 30.00%. In such a case, you will receive a cash amount at maturity that is less than theprincipal amount, and may lose up to 70.00% of your principal amount at maturity.Investing in the notes is not equivalent to a direct investment in the Reference Asset.The notes do not bear interest. 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.The CUSIP number of the notes is 06376LWM4.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: Strike Date:August 04, 2026Pricing Date:August 05, 2026Settlement Date:August 10, 2026 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 $991.50 and $1,000 per $1,000 in principal amount. 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-5 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 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 $986.92 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 Key Terms of the Notes: The shares of the Invesco QQQ TrustSM, Series 1 (ticker symbol "QQQ"). See "The Reference Asset" below foradditional information. Underlying Index: NASDAQ-100 Index® If the Final Level of the Reference Asset is greater than or equal to its Initial Level, then the amount thatinvestors will receive at maturity for each $1,000 in principal amount of the notes will equal: Payment at Maturity: $1,000 + [$1,000 x (Percentage Change of the Reference Asset x Upside Leverage Factor)] In this scenario, your return at maturity will only increase by 0.6915% for each 1% that the level of theReference Asset appreciates over the term of the notes, and, while positive, your return on the notes will be lessthan the return on a direct investment in the Reference Asset or a similar investment directly linked to theperformance of the Reference Asset over a similar period. If the Final Level of the Reference Asset is less than its Initial Level, but is not less than its Buffer Level, theninvestors will, for each $1,000 in principal amount of the notes, receive the principal am