蒙特利尔银行美股招股说明书(2026-08-11版)

Market Linked Securities—Auto-Callable with Contingent Downside Principal at Risk Securities Linked to the Lowest Performing of the Common Stock of Apollo Global Management, Inc. and theCommon Stock of Blackstone Inc. due August 9, 2030 Linked to the lowest performing of the common stock of Apollo Global Management, Inc. and the common stock of Blackstone Inc. (each referred to as an “Underlier”)Unlike ordinary debt securities, the securities do not pay interest, do not repay a fixed amount of principal at maturity and are subject to potential automatic call upon theterms described below. Whether the securities are automatically called for a fixed call premium or, if not automatically called, the maturity payment amount, will depend,in each case, on the closing value of each Underlier on the relevant call date.Underlier Call Condition.The Underlier call condition is satisfied if, with respect to an Underlier on a call date, on such call date the closing value of that Underlier is greater than or equal to its starting valueAutomatic Call.If, as of any call date, each Underlier has satisfied the Underlier call condition on or prior to such call date, the securities will be automatically called for the face amount plus the call premium applicable to that call date. The call premium applicable to each call date is a percentage of the face amount that increases for eachcall date based on a simple (non-compounding) return of approximately 19.50% per annum. Please see “Terms of the Securities—Call Dates and Call Premiums” belowfor the call dates and call premiumsMaturity Payment Amount.If the securities are not automatically called, you will receive a maturity payment amount that will be equal to or less than the face amount If the securities are not automatically called, your return on the securities will depend solely on the performance of the Underlier that is the lowest performing Underlierand you will not benefit in any way from the performance of the better performing Underlier. Therefore, you will be adversely affected if either Underlier performspoorly, even if the other Underlier performs favorablyAny positive return on the securities will be limited to the applicable call premium, even if the closing value of an Underlier on the applicable call date significantlyexceeds its starting value. You will not participate in any appreciation of either Underlier beyond the applicable fixed call premiumAll payments on the securities are subject to the credit risk of Bank of Montreal, and you will have no ability to pursue either Underlier for payment; if Bank of Montrealdefaults on its obligations, you could lose some or all of your investmentNo periodic interest payments or dividendsNo 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 $930.20 per security. As discussed in more detail in this pricing supplement, the actual value of the securitiesat 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-9 herein and “Risk Factors” beginning on page PS-5 of the accompanying product supplement, page S-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 defaultson its obligations, you could lose some or all of your investment. The securities are not insured by the Federal Deposit Insurance Corporation, the Deposit Insurance Fund, the Canada DepositInsurance 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 Canada Deposit Insurance Corporation Act.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 the accuracy or adequacy of this pricing supplement or the accompanying product supplement, prospectus supplement and prospectus. Any representation to the contrary is a criminal offense.Proceeds to Bank of (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 theSecurities” in this pricing 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 inconsideration for market