蒙特利尔银行美股招股说明书(2026-06-04版)

US$1,435,000Senior Medium-Term Notes, Series K The notes are designed for investors who are seeking quarterly contingent periodic interest payments (as described in more detail below), as well as a return ofprincipal if the closing level of the MerQube US Tech+ Vol Advantage Index (the “Reference Asset”) on any quarterly Observation Date beginning in April 2027 isgreater than 100% of its Initial Level (the “Call Level”). Investors should be willing to have their notes automatically redeemed prior to maturity, be willing toforego any potential to participate in any increase in the level of the Reference Asset and be willing to lose some or all of their principal at maturity. redeemed. On the following Contingent Coupon Payment Date (the “Call Settlement Date"), investors will receive their principal amount plus the ContingentCoupon 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 theFinal Level of the Reference Asset and whether the Final Level of that 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 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 the principal amount,together with the final Contingent Coupon, if payable.Investing in the notes is not equivalent to a hypothetical direct investment in the Reference Asset. 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.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: Pricing Date:April 28, 2026Settlement Date:April 30, 2026 Valuation Date:April 28, 2031Maturity Date:May 01, 2031 Specific Terms of the Notes: 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 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 Pricing Date, based on the terms set forth above, the estimated initial value of the notes is $916.79 per $1,000 in principal amount. However, as discussed in more detail below, the actual value of the notes at BMO CAPITAL MARKETS Key Terms of the Notes: The MerQube US Tech+ Vol Advantage Index (ticker symbol "MQUSTVA"). See "The Reference Asset" belowfor additional information. Reference Asset: If the closing level of the Reference Asset on an Observation Date is greater than or equal to its Coupon BarrierLevel, a Contingent Coupon will be paid on the corresponding Contingent Coupon Payment Date at the Contingent Coupons: 2.775% per quarter (approximately 11.10% per annum), if payable. Accordingly, each Contingent Coupon, ifpayable, will equal $27.75 for each $1,000 in principal amount. Contingent Interest Rate: Contingent Coupon PaymentDates and Observation Dates: Automatic Redemption: If the notes are automatically redeemed, then, on the Call Settlement Date, investors will receive their principal Payment upon AutomaticRedemption: If the notes are automatically redeemed, the Contingent Coupon Payment Date immediately following therelevant Observation Date. Call Settlement Date: Payment at Maturity: If the notes are not automatically redeemed, the payment at maturity for the notes is based on the performance You will receive $1,000 for each $1,000 in principal amount of the note, unless a Trigger Event