[{"_1":2,"_3":-5,"_4":-5},"loaderData",{"_5":6,"_7":8},"actionData","errors","root",{"_102":103},"en-item",{"_9":10,"_10":11},"kind","item",{"_12":13,"_14":15,"_16":17,"_18":19,"_20":21,"_22":23,"_24":25,"_26":27,"_28":29,"_30":31,"_32":31,"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":-5,"_48":49,"_50":-5,"_51":-5,"_52":53,"_54":55,"_56":57,"_58":42,"_59":42,"_60":61,"_62":42,"_63":64},"id","q2fjo3230cim1o7lo2kwatnrd","revision",2,"title","蒙特利尔银行发行挂钩CrowdStrike、Marvell、Palantir的市场挂钩证券","originalTitle","BANK OF MONTREAL /CAN/ (0000927971) (Filer)","summary","蒙特利尔银行发行与CrowdStrike、Marvell、Palantir的股票挂钩的2029年10月18日到期的市场挂钩证券，证券为无息、不可提前赎回的次级债务，若表现最差股票收盘价低于起始价45%，投资者将损失超过55%本金。证券不上市交易，估值基于内部模型，可能低于发行价，且税务处理存在不确定性。","reason","蒙特利尔银行发行挂钩三只科技股的市场挂钩证券，投资者面临重大本金损失风险，且税务处理存在不确定性。","source",{"_12":93,"_94":95,"_9":96,"_97":42,"_98":99,"_100":101},"links",{"_90":91,"_78":92},"publishedAt","2026-10-15T20:58:32.000Z","discoveredAt","2026-10-15T21:17:27.088Z","timelineAt","category","ai-products","tags",[84,85,86,87,88,89],"stockSymbols",[83],"score",60,"selected",true,"channel","news","story",{"_73":74,"_16":75},"x","readingMode","full","author","language","body",{"_64":77,"_78":-5,"_79":80,"_81":82},"outline",[],"relatedStories",[76],"indexable","markdownAvailable","group",{"_65":66,"_45":67,"_68":69,"_70":71,"_72":71},"hasTranslation","bodyLanguage","zh","factId","f2yAzz9BDYuI",{"_73":74,"_16":75},"reportCount",1,"additionalSourceCount",0,"developmentCount","publicId","c8250f9f-5167-4666-98da-0ac3dbdc9f67","蒙特利尔银行发行挂钩三只美股的2029年到期证券",{"_73":74,"_16":75},"\n\n \n \n

\n \n\n

2026年10月13日定价补充文件

\n\n

（针对2025年3月25日发布的

\n\n

2025年3月25日招股说明书补充文件

\n\n

以及2025年3月25日发布的招股说明书）

根据424(b)(2)规则提交

\n\n

注册声明编号 333-285508

\n\n

$\"\"$

\n\n \n \n \n\n \n \n \n

\n \n\n

蒙特利尔银行

\n\n

高级中期票据，K系列

\n\n

股权挂钩证券

\n \n\n

市场挂钩证券——附记忆功能与 contingent 下跌的附条件自动赎回

\n\n

风险本金证券，挂钩 CrowdStrike Holdings, Inc. 的 A 类普通股、Marvell Technology, Inc. 的普通股以及 Palantir Technologies Inc. 的 A 类普通股中表现最差者，到期日为 2029 年 10 月 18 日

挂钩表现最差者\n为 CrowdStrike Holdings, Inc. 的 A 类普通股、Marvell Technology, Inc. 的普通股以及 Palantir Technologies Inc. 的 A 类普通股（每个均称为“基础资产”）

与普通债务证券不同，该证券不提供固定利息支付，不在规定到期日偿还固定本金金额，且根据下述条款，在规定到期日之前可能面临自动赎回。该证券是否支付附条件利息、是否在规定到期日之前被自动赎回，以及如果未被自动赎回，您是否在规定到期日收到证券的面值，均取决于相关计算日最低表现基础资产的收盘价

附条件利息。如果且仅当某月的计算日最低表现基础资产的收盘价大于或等于其利息阈值，该证券将在规定到期日或自动赎回日（以较早者为准）按月支付附条件利息。如果某计算日最低表现基础资产的收盘价低于其利息阈值，您将不会在相关的附条件利息支付日收到任何附条件利息。然而，如果某计算日或多个计算日最低表现基础资产的收盘价低于其利息阈值，且在随后的计算日，该后续计算日最低表现基础资产的收盘价大于或等于其利息阈值，该证券将支付该后续计算日应支付的附条件利息以及所有此前未支付的附条件利息（此前未支付金额不计息）。如果在所有计算日最低表现基础资产的收盘价均低于其利息阈值，您在整个证券期限内都不会收到任何附条件利息。每个基础资产的利息阈值等于其起始值的 45%。附条件利息年化利率为 22.53%

自动赎回。如果在 2027 年 4 月至 2029 年 9 月期间安排的任何月度计算日，最低表现基础资产的收盘价大于或等于其起始值，该证券将被自动赎回，赎回金额为面值加上最终附条件利息支付以及任何此前未支付的附条件利息

本金潜在损失。\n如果证券在到期日之前未被自动赎回，且最终计算日最低表现标的的收盘价大于或等于其下行阈值价值，您将收到面值。如果最终计算日最低表现标的的收盘价小于其下行阈值价值，您将损失超过 55%，甚至可能是全部面值。每个标的的下行阈值价值等于其起始价值的 45%。\n

如果证券在到期日之前未被自动赎回，且最终计算日最低表现标的的收盘价小于其下行阈值价值，您将完全承担该标的从起始价值开始的下行风险，但您不会参与任何标的的升值，也不会收到任何标的的股息。\n

您的证券回报将仅取决于每个计算日表现最差的标的的表现。您不会从表现较好的标的的表现中受益。因此，如果 任何标的 表现不佳，即使其他标的表现良好，您也将受到不利影响。\n

证券的所有支付均受我们信用风险的影响，您将无法向任何标的追索付款；如果蒙特利尔银行未能履行其义务，您可能会损失部分或全部投资。\n

无交易所上市；旨在持有至到期或自动赎回。\n

在本定价补充文件发布之日，证券的估计初始价值为每份证券 967.27 美元。如本定价补充文件中更详细讨论的那样，证券在任何时间的实际价值将反映许多因素，无法准确预测。请参阅本定价补充文件中的“证券估计价值”。 \n

证券具有复杂特征，投资证券涉及与投资传统债务证券无关的风险。请参阅本文件第 PRS-10 页开始的“选定的风险考虑因素”以及随附产品补充文件第 PS-5 页、招股说明书补充文件第 S-2 页和招股说明书第 9 页开始的“风险因素”。 \n

证券是蒙特利尔银行的无担保债务义务，因此，证券的所有支付均受蒙特利尔银行信用风险的影响。如果蒙特利尔银行未能履行其义务，您可能会损失部分或全部投资。证券不受联邦存款保险公司、存款保险基金、加拿大存款保险公司或任何其他政府机构的保险。 \n

证券不是可 bail-in 的票据，且根据《加拿大存款保险公司法》第 39.2(2.3) 款，其不受转换为我们的普通股或任何关联公司的普通股的约束。 \n

证券交易委员会或任何州证券委员会或其他监管机构均未批准或否决这些证券，也未对本定价补充文件或随附的产品补充文件、招股说明书补充文件和招股说明书的准确性或充分性进行审查。任何相反的表示均属犯罪行为。 \n

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	\n 原始发行价 \n	\n 代理折扣⁽¹⁾⁽²⁾ \n	\n 款项汇往蒙特利尔银行 \n
每只证券	$1,000.00	$23.25	$976.75
总计	$1,760,000.00	$40,920.00	$1,719,080.00

⁽¹⁾

Wells Fargo Securities, LLC 是证券分销的代理机构，并作为主承销商行事。\n请参阅本定价补充文件中的“证券条款—代理”和“证券估计价值”以获取更多信息。

⁽²⁾

针对本次发行中售出的某些证券，我们的关联公司 BMO Capital Markets Corp. 可能会向选定的证券经销商支付每只证券最高 3.00 美元的手续费，以换取其就向其他证券经销商分销证券所进行的营销及其他服务。

Wells Fargo Securities

市场挂钩证券—附带记忆功能与或有下行触发的可自动赎回证券

本金有风险证券，与 CrowdStrike Holdings, Inc. 的 A 类普通股、Marvell Technology, Inc. 的普通股以及 Palantir Technologies Inc. 的 A 类普通股中表现最差的挂钩

\n \n \n

\n\n\n证券条款

\n \n \n \n \n \n \n

发行人：	蒙特利尔银行。
	市场指标（每个指标统称为“标的”，合称“标的”）、Bloomberg 股票代码、起始值、票息阈值和下行阈值列于下表中。

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

市场指标：	市场指标	Bloomberg \n股票代码	起始 \n值⁽¹⁾	票息 \n阈值 \n值⁽²⁾	下行 \n阈值 \n值⁽³⁾
CrowdStrike Holdings, Inc. 的 A 类普通股	CRWD	$261.21	$117.5445	$117.5445
Marvell Technology, Inc. 的普通股	MRVL	$268.73	$120.9285	$120.9285
Palantir Technologies Inc. 的 A 类普通股	PLTR	$208.67	$93.9015	$93.9015

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	\n ⁽¹⁾ 对于每只标的，其在定价日的收盘价。 \n\n ⁽²⁾ 对于每只标的，为其起始值的 45%。 \n\n ⁽³⁾ 对于每只标的，为其起始值的 45%。 \n
定价日：	2026 年 10 月 13 日。
发行日：	2026 年 10 月 16 日。
原始发行 \n价格：	每只证券 1,000 美元。
面额：	每只证券 1,000 美元。本定价补充文件中提及的“证券”是指面额为 1,000 美元的证券。
或有 \n票息支付 \n(附带记忆 \n功能)：	\n 在每个或有票息支付日，\n 除非证券已被自动赎回，否则您将收到或有票息支付，其年利率等于或有票息率，前提是且仅当相关计算日表现最差的标的的收盘值大于或等于其票息阈值。此外，如果表现最差的标的在其中一个或多个计算日的收盘值低于其票息阈值，并且在随后的一个计算日，该后续计算日表现最差的标的的收盘值大于或等于其票息阈值，则在与该后续计算日相关的或有票息支付日，您将收到该后续计算日应得的或有票息支付以及所有此前未支付的或有票息支付（此前未支付金额不计息）。 \n \n 每笔“或有息票付款”（如有）将按每份证券计算如下：（$1,000 × 有或利率）/12。任何或有息票付款将四舍五入到最接近的美分，不足0.5美分向上取整。 \n \n 如果任何计算日上表现最差的标的的收盘价低于其息票阈值，您将不会在相关的或有息票付款日收到任何或有息票付款。如果某计算日上表现最差的标的的收盘价低于其息票阈值，且随后的每个计算日（包括最后一个计算日）上表现最差的标的的收盘价均低于其息票阈值，您将不会收到关于这些计算日中任何一日的任何未付或有息票付款。此外，如果在所有计算日上表现最差的标的的收盘价均低于其息票阈值，您将不会收到证券期限内任何或有息票付款。 \n
或有 \n息票 \n付款日：	每月，在每次计算日后的第三个工作日（如每次此类计算日可能根据下文“—市场中断事件及延期条款”推迟，则适用）；前提是关于最后一个计算日的或有息票付款日将是规定的到期日。
或有 \n息票 \n利率：	“或有利率”为年化22.53%。
计算 \n日：	每月，在每月的13日，自2026年11月开始至2029年9月结束，以及最后一个计算日，均受下文“— 市场中断事件及延期条款”中所述的延期约束。我们将2029年10月15日称为“最后一个计算日”。

PRS-2

市场挂钩证券—附带记忆功能及或有下行风险的自动赎回证券

风险本金证券，挂钩CrowdStrike Holdings, Inc.的A类普通股、Marvell Technology, Inc.的普通股及Palantir Technologies Inc.的A类普通股中表现最差者，到期日为2029年10月18日

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

自动赎回：	\n 如果在2027年4月至2029年9月期间安排发生的任何计算日上，表现最差的标的的收盘价大于或等于其起始价，证券将被自动赎回，且在相关的赎回结算日，您有权按每份证券收到一笔美元现金支付，金额等于面值加上最终或有息票付款及任何此前未付的或有息票付款。 \n \n 如果证券被自动赎回，它们将在相关的赎回结算日停止流通，且您在此次赎回结算日后将不再享有证券项下的任何权利。如果证券被自动赎回，我们将不会向您发出任何通知。 \n
赎回结算 \n日：	适用计算日后的三个工作日（如每次此类计算日可能根据下文“—市场中断事件及延期条款”推迟，则适用）。
\n规定到期 \n日：	2029年10月18日，具体日期可能推迟。在规定的到期日之前，持有人不得选择提前赎回证券。
到期日 \n支付日 \n金额：	\n 如果证券在规定的到期日之前未被自动\n 提前赎回，您将有权在规定的到期日收到每份证券的现金支付，金额等于到期支付金额（外加最终或有票息支付以及任何此前未支付的或有票息\n 支付，如果适用的话）。每份证券的“到期支付金额”将等于： \n \n • 如果在\n 最终计算日表现最差的标的资产（Underlier）的期末价值大于或等于其下行阈值价值：\n $1,000；或 \n \n • 如果在\n 最终计算日表现最差的标的资产（Underlier）的期末价值小于其下行阈值价值： \n \n $1,000 × 最终计算日表现最差的标的资产（Underlier）的表现系数 \n \n 如果证券在规定的到期日之前未被自动\n 提前赎回，且最终计算日表现最差的标的资产（Underlier）的期末价值小于其\n 下行阈值价值，您将在规定的到期日损失超过55%，甚至全部面值。 \n \n 证券的任何回报将\n 限于您的或有票息支付之和（如有）。您不会参与任何标的资产（Underlier）的升值，但如果该标的资产（Underlier）的期末价值\n 小于其下行阈值价值，您将承担最终计算日表现最差的标的资产（Underlier）的全部下行风险。 \n
表现最差 \n标的资产（Underlier）：	对于任何计算日，“表现最差的标的资产（Underlier）”将是该计算日表现系数最低的标的资产（Underlier）。
表现系数：	就任何计算日上的标的资产（Underlier）而言，其在该计算日的收盘价值除以其起始价值（以百分比表示）。
收盘价值：	就每个标的资产（Underlier）而言，收盘价值具有随附产品补充文件中“证券一般条款——与标的股票挂钩的证券——某些定义”项下赋予的“股票收盘价”的含义。每个标的资产（Underlier）的收盘价值将根据随附产品补充文件中所述的调整系数进行调整。
期末价值：	标的资产（Underlier）的“期末价值”将是其在最终计算日的收盘价值。
市场 \n中断 \n事件及 \n推迟 \n条款：	\n 每个计算日都可能因非交易日和市场中断事件的发生而推迟。\n 此外，如果最终计算日被推迟，规定的到期日也将被推迟，并针对非交易日进行调整。 \n \n 有关计算日的调整、或有息票支付日、赎回结算日和到期日的更多信息，请参阅随附产品补充文件中的“证券一般条款——市场中断事件的影响；计算日推迟——与多种市场指标挂钩的证券”和“——支付日”。就随附产品补充文件而言，每个或有息票支付日、每个赎回结算日和到期日均为“支付日”。此外，有关可能导致市场中断事件的情况，请参阅随附产品补充文件中的“证券一般条款——与标的股票挂钩的证券——特定条款——市场中断事件”。 \n
计算 \n代理人：	BMO Capital Markets Corp. (“BMOCM”)。

PRS-3

市场挂钩证券——可自动赎回的附带记忆功能与或有下行风险的或有息票证券

CrowdStrike Holdings, Inc. 的 A 类普通股、Marvell Technology, Inc. 的普通股和 Palantir Technologies Inc. 的 A 类普通股中表现最差的证券所挂钩的面临本金风险的证券，到期日为 2029 年 10 月 18 日

\n \n \n \n \n \n \n \n \n \n \n \n \n

重要税务 \n后果：	关于持有和处置证券的重要美国联邦所得税后果和加拿大联邦所得税后果的讨论，请参阅下方的“美国联邦所得税考虑事项”以及产品补充文件中题为“美国联邦所得税考虑事项”和“加拿大联邦所得税后果”的章节。
代理人：	\n Wells Fargo Securities, LLC (“WFS”)\n 是证券分销的代理人。代理人将获得每证券最高 23.25 美元的代理人折扣。代理人可以按证券的原始发行价减去不超过每证券 17.50 美元的让价，将证券转售给其他证券经销商。此类证券经销商可包括 Wells Fargo Advisors (“WFA>”)（WFS 关联公司 Wells Fargo Clearing Services, LLC 和 Wells Fargo Advisors Financial Network, LLC 的零售经纪业务商号）。除允许给 WFA 的让价外，WFS 可将其收到的代理人折扣中每证券 0.75 美元支付给 WFA，作为 WFA 每售出一证券的分销费用。 \n \n 此外，针对本次发行中出售的某些证券，BMOCM 可能会向选定的证券经销商支付最高每证券 3.00 美元的费用，以换取在向其他证券经销商分销证券时提供营销和其他服务。 \n \n WFS、BMOCM 及其各自的一个或多个关联公司预计将实现其专有定价模型所预测的对冲收益，前提是他们承担证券项下我们义务所固有的风险。如果 WFS 或参与证券分销的任何其他经销商或其任何关联公司为我们与证券相关的对冲活动进行对冲，则该经销商或其关联公司预计将实现其专有定价模型从这些对冲活动中预测的利润。任何此类预测利润将加上与向您出售证券相关的任何折扣、让价或费用。 \n
面额：	1000 美元以及 1000 美元的任何整数倍。
CUSIP:	06376MQ72

PRS-4

市场挂钩证券——自动赎回型附带记忆功能与或有下行的或有息证券

本金有风险证券，与 CrowdStrike Holdings, Inc. 的 A 类普通股、Marvell Technology, Inc. 的普通股以及 Palantir Technologies Inc. 的 A 类普通股中表现最差的挂钩，到期日为 2029 年 10 月 18 日

\n \n \n

关于发行人与证券的补充信息

您应将本定价补充文件与编号 WF1 的产品补充文件（日期：2025 年 3 月 25 日）、2025 年 3 月 25 日的招股说明书补充文件以及 2025 年 3 月 25 日的招股说明书一并阅读，以获取有关证券的更多信息。如果本定价补充文件中的披露与产品补充文件、招股说明书补充文件或招股说明书中的披露不一致，则本定价补充文件中的披露为准。本文中定义但未定义的某些术语具有产品补充文件、招股说明书补充文件或招股说明书中规定的含义。

我们在 SEC 网站上的中央索引键，或 CIK，是 927971。当我们在本定价补充文件中引用“我们”、“我们”或“我们的”时，我们仅指蒙特利尔银行。

您可以通过以下方式在 SEC 网站 www.sec.gov 上访问产品补充文件、招股说明书补充文件和招股说明书（或如果该地址已更改，请通过查看我们在 SEC 网站上相关日期的备案文件）：

•

编号 WF1 的产品补充文件（日期：2025 年 3 月 25 日）：

https://www.sec.gov/Archives/edgar/data/927971/000121465925004724/b321251424b2.htm

•

2025 年 3 月 25 日的招股说明书补充文件和招股说明书：

https://www.sec.gov/Archives/edgar/data/927971/000119312525062081/d840917d424b5.htm\n

PRS-5

市场挂钩证券——自动赎回型附带记忆功能与或有下行的或有息证券

\n \n \n

证券的估计价值

我们对证券的估计初始价值等于以下假设组成部分的价值之和：

一个与证券期限相同的固定收益债务组件，使用我们的内部融资利率对结构化票据进行估值；以及

一个或多个与证券经济条款相关的衍生品交易。

确定初始估计价值所使用的内部融资利率通常代表我们传统固定利率债务的信用利差的折价。这些衍生品交易的价值源自我们的内部定价模型。这些模型基于可比衍生工具的 traded market prices（交易市场价格）等因素以及其他输入数据，其中包括波动率、股息率、利率和其他因素。因此，证券的估计初始价值基于计算时的市场条件。

有关证券估计初始价值的更多信息，请参阅下文“选定的风险考虑因素”。

PRS-6

市场挂钩证券——自动赎回型附带记忆功能与或有下行的或有息证券

本金风险证券与CrowdStrike Holdings, Inc.的A类普通股、Marvell Technology, Inc.的普通股以及Palantir Technologies Inc.的A类普通股表现最差的证券，到期日为2029年10月18日

\n \n \n

投资者需考虑事项

这些证券并不适合所有投资者。\n这些证券可能适合以下投资者：

寻求一种具有附条件票息支付的证券投资\n票息支付利率等于附条件票息率，直到到期日或自动赎回日（以较早者为准），前提是，且仅当在相关计算日，表现最差的标的资产的收盘价大于或等于其票息阈值；

了解如果证券在到期日之前未被自动赎回，并且在最终计算日表现最差的标的资产的最终价值小于其下行阈值，他们将完全承担表现最差的标的资产从初始价值开始的下跌风险，并可能在到期日损失证券面值的大部分甚至全部；

愿意接受在证券期限内可能收到很少或没有附条件票息支付的风险；

了解证券可能在到期日之前被自动赎回，且证券期限可能缩短；

了解证券的回报将完全取决于每个计算日表现最差的标的资产的表现，他们将不会从表现更好的标的资产的表现中获得任何好处；

了解这些证券比仅与其中一个标的资产相关或与每个标的资产组成的组合相关的替代投资更具风险；

了解并愿意接受每个标的资产的全部下行风险；

愿意放弃任何标的资产升值以及标的资产股息的参与机会；以及

愿意持有证券至到期日或自动赎回日。

这些证券可能不适合以下投资者：

寻求流动性投资或无法或不愿将证券持有至到期或自动赎回；

要求在规定到期日全额支付证券面值；

寻求具有固定期限的证券；

不愿意购买在定价日估计价值低于封面页上设定的原始发行价格的证券；

不愿意接受在最终计算日最低表现的标的资产价值可能低于其下行阈值的風險；

寻求在证券期限内有确定的当前收入；

寻求任何或每个标的资产的上行表现的敞口；

寻求由每个标的资产或类似投资组成的组合的敞口，其中整体回报基于标的资产表现的组合，而不是仅基于最低表现的标的资产；

不愿意接受标的资产的敞口风险；

不愿意接受加拿大丰业银行的信用风险；或

更倾向于与具有可比信用评级的公司发行的期限相似的固定收益投资的较低风险。

上述考虑因素并非详尽无遗。证券是否适合您，将取决于您的具体情况，您应在您和您的投资、法律、税务、会计及其他顾问仔细考虑证券对您的适当性后，才做出投资决定。您还应仔细审阅此处标题为“选择性风险考虑因素”以及随附产品补充文件中的“风险因素”部分，以了解与投资证券相关的风险。有关Underliers的更多信息，请参阅下方标题为“CrowdStrike Holdings, Inc.”、“Marvell Technology, Inc.”和“Palantir Technologies Inc.”的部分。

PRS-7

市场挂钩证券—自动赎回型，附带条件票息、记忆功能和条件下行风险

本金风险证券，其表现与CrowdStrike Holdings, Inc.的A类普通股、Marvell Technology, Inc.的普通股以及Palantir Technologies Inc.的A类普通股中表现最差者挂钩，到期日为2029年10月18日

\n \n \n

确定在条件票息支付日和到期时的支付

如果证券尚未在之前被自动赎回，则在每个条件票息支付日，您将根据表现最差的Underlier在相关计算日的收盘价，要么收到条件票息支付（加上任何未支付的条件票息），要么不收到条件票息支付。

步骤1：确定在相关计算日中表现最差的Underlier。在任何计算日中，表现最差的Underlier是该计算日中表现系数最低的Underlier。Underlier在计算日的表现系数是其在该计算日的收盘价占其起始值的百分比（即该计算日的收盘价除以其起始值）。“

步骤2：根据表现最差的Underlier在相关计算日的收盘价，确定是否在适用的条件票息支付日支付条件票息（以及任何未支付的条件票息），具体如下：

$\"\"$

如果证券在规定的到期日之前未被自动赎回，则在到期时，您将（除最终的条件票息支付和任何其他应支付但尚未支付的条件票息外）收到每份证券的现金支付（即到期支付金额），计算方式如下：

步骤1：确定在最终计算日中表现最差的Underlier。在最终计算日中，表现最差的Underlier是该最终计算日中表现系数最低的Underlier。Underlier在最终计算日的表现系数是其结束值占其起始值的百分比（即其结束值除以其起始值）。“

步骤2：根据最终计算日中表现最差的Underlier的结束值，计算到期支付金额，具体如下：

$\"\"$

PRS-8

市场挂钩证券—自动赎回型，附带条件票息、记忆功能和条件下行风险

与CrowdStrike Holdings, Inc.的A类普通股、Marvell Technology, Inc.的普通股以及Palantir Technologies Inc.的A类普通股表现最差的证券相关的主要风险

\n \n \n

假设的支付概况

以下概况展示了在最终计算日，最低表现的标的资产从起始值到结束值的假设表现范围内，证券在到期时的潜在支付金额（不包括最终的或有利息支付以及任何之前未支付的或有利息支付，如果适用的话），假设证券在规定的到期日之前未被自动赎回。正如该概况所示，在任何情况下，您仅基于到期时收到的到期支付金额将不会获得正收益率；任何正收益将仅基于证券期限内收到的或有利息支付（如有）。此图表仅用于说明目的。您的实际收益将取决于证券是否被自动赎回、最终计算日最低表现的标的资产的实际结束值以及您是否持有证券至规定到期日。表现较好的标的资产的表现与您在证券上的收益无关。

$\"\"$

PRS-9

市场挂钩证券—自动赎回且具有或有利息、记忆功能和或有下行风险

与CrowdStrike Holdings, Inc.的A类普通股、Marvell Technology, Inc.的普通股以及Palantir Technologies Inc.的A类普通股表现最差的证券相关的主要风险

\n \n \n

选择的风险考虑因素

这些证券具有复杂的特点，投资这些证券将涉及与传统债务证券投资无关的风险。以下总结了一些适用于这些证券的风险，但我们敦促您仔细阅读随附的产品补充文件和招股说明书补充文件中关于这些证券的一般风险的更详细解释。在充分考虑您的具体情况并与您的顾问仔细讨论后，您应做出投资决策。

一般与证券相关的风险

如果证券在规定到期日之前未被自动赎回，您可能在规定到期日损失部分或全部证券的面值。

在规定到期日，我们不会向您支付固定金额。如果证券在规定到期日之前未被自动赎回，您将收到的到期支付金额将等于或低于面值，具体取决于最终计算日最低表现的标的资产的结束值。

如果最终计算日表现最差的标的资产的最终价值低于其下行阈值，那么到期支付金额将减少相当于该表现最差的标的资产从初始价值到最终价值的下降金额（以初始价值的百分比表示）。\n每个标的资产的下行阈值为初始价值的45%。例如，如果证券未被自动赎回，且最终计算日表现最差的标的资产从初始价值到最终价值下降了55.1%，您将不会获得任何或有下行保护功能的收益，并且您将损失面值的55.1%。因此，如果最终计算日表现最差的标的资产价值大幅下降，您将不会获得任何保护，您可能在到期时损失部分甚至全部的面值，即使在证券期限内的某些时候，表现最差的标的资产价值大于或等于其初始价值或其下行阈值。

即使最终计算日表现最差的标的资产的最终价值高于其下行阈值，到期支付金额也不会超过面值，且考虑到您可能在证券期限内收到的任何或有票息支付，您在证券上的收益率可能低于如果您购买了加拿大丰业银行或其他具有相似信用评级的发行人具有相同到期日的传统利息支付债务证券所能获得的收益率。

证券不提供固定利息支付，您可能在一次或多次或有票息支付日，甚至在整个证券期限内，均无法收到任何或有票息支付。

在每笔或有票息支付日，您将收到或有票息支付，仅当相关计算日最低表现的标的资产的收盘价大于或等于其票息阈值时。如果在任何计算日最低表现的标的资产的收盘价小于其票息阈值，则您在相关或有票息支付日将不会收到任何或有票息支付。如果在相关计算日最低表现的标的资产的收盘价大于或等于其票息阈值，您将在后续的或有票息支付日收到之前未支付的或有票息支付。\n但是，如果在计算日最低表现的标的资产的收盘价小于其票息阈值，并且在随后的每个计算日（包括最终计算日）最低表现的标的资产的收盘价均小于其票息阈值，则您将不会收到任何与这些计算日相关的未支付或有票息支付。\n此外，如果在整个证券期限内，最低表现的标的资产的收盘价在每个计算日均小于其票息阈值，则在整个证券期限内您将不会收到任何或有票息支付。

证券将承受每个标的资产的全部风险，如果任何标的资产表现不佳，即使其他标的资产表现良好，证券也将受到负面影响。

您将承担每个相关资产的全部风险。\n如果任何相关资产表现不佳，您将受到负面影响，即使其他相关资产表现良好。这些证券\n与由相关资产组成的组合无关，其中某些相关资产的良好表现可能抵消其他相关资产的不佳表现。相反，您将承担在每个计算日表现最差的相关资产的全部风险。\n因此，这些证券比仅与其中一个相关资产相关或与每个相关资产组成的组合相关的替代投资更具风险性。您不应投资于这些证券，除非您了解并愿意接受每个相关资产的全部下行风险。

您从证券中获得的回报将完全取决于每个计算日表现最差的相关资产的表现，您不会以任何方式从表现更好的相关资产的表现中获益。

您从证券中获得的回报将完全取决于每个计算日表现最差的相关资产的表现。尽管为了您在相关或有票息支付日获得或有票息支付，每个相关资产必须在相关计算日收盘价达到或高于其各自的票息门槛值，以及为了您在最终计算日获得证券的面值，每个相关资产必须在最终计算日收盘价达到或高于其各自的下行门槛值，但您不会以任何方式从表现更好的相关资产的表现中获益。由于在这种情况下，表现更好的相关资产的表现将与表现最差的相关资产的表现混合，从而产生比单独表现最差的相关资产更好的回报，因此这些证券可能表现不如与相关资产组成的组合相关的替代投资。

PRS-10

市场挂钩证券—自动赎回型，附带或有票息、记忆功能和或有下行风险

本金风险证券，与CrowdStrike Holdings, Inc.的A类普通股、Marvell Technology, Inc.的普通股和Palantir Technologies Inc.的A类普通股中表现最差的证券挂钩，到期日为2029年10月18日

您将面临由于相关资产之间关系而产生的风险。

从您的角度来看，相关资产之间具有相关性更为有利，这样它们的价值将在相似的时间和相似的幅度内上涨或下跌。\n通过投资这些证券，您承担了相关资产不会表现出这种关系的风险。相关资产之间的相关性越低，在证券期限内任何时候其中一个相关资产表现不佳的可能性就越大。只要其中一个相关资产表现不佳，证券就可能表现不佳；表现更好的相关资产的表现与您从证券中获得的回报无关。无法预测相关资产在证券期限内的关系。如果相关资产运营于不同的行业或市场部门，这些行业和部门在证券期限内可能不会表现相似。

您可能会在最终计算日因表现最差的底层资产从起始值下跌而完全暴露，但不会参与任何底层资产的正向表现。

尽管如果最终计算日的底层资产的结束价值低于其下行阈值，您将完全暴露于该底层资产价值的下跌，但在证券期限内，您不会参与任何底层资产价值的上涨。您在证券上的最大可能回报将仅限于您可能收到的或有票息支付的总和。因此，您在证券上的回报可能显著低于您通过提供参与任何或每个底层资产价值上涨的替代投资可能获得的回报。

更高的或有票息率与更大的风险相关。

这些证券提供或有票息支付，如果支付的话，其利率高于我们对相同到期日的传统债务证券所支付的固定利率。与传统债务证券相比，这些更高的潜在或有票息支付在定价日具有更高的预期风险水平，包括您可能在一次或多次或任何或有票息支付日无法收到或有票息支付的风险，以及您可能在到期时损失大部分甚至全部面值的风险。底层资产的波动性和底层资产之间的相关性是影响这种风险的重要因素。波动性是对底层资产价值每日波动的大小和频率的衡量，通常在特定时间段内观察到。波动性可以通过多种方式衡量，包括基于历史数据或市场期权价格所暗示的预期数据。相关性是对底层资产价值在相同时间、相同方向和相似幅度内波动的程度的衡量。在定价日，底层资产的预期波动性越高或底层资产之间的预期相关性越低，可能导致更高的或有票息率，但这也意味着在定价日，至少有一个底层资产的收盘价在一次或多次计算日可能低于其票息阈值，从而使您在证券期限内可能无法收到一次或多次或任何或有票息支付，并且至少有一个底层资产的收盘价在最终计算日可能低于其下行阈值，从而使您在到期时可能损失大部分甚至全部的面值。一般来说，或有票息率相对于我们对传统债务证券所支付的固定利率越高，您在证券期限内可能无法收到一次或多次或任何或有票息支付以及在到期时可能损失大部分甚至全部面值的预期风险就越大。

您将面临再投资风险。

如果您的证券被自动赎回，证券的期限可能会缩短。不能保证您在证券被提前自动赎回的情况下，能够以类似的风险水平获得可比的收益来再投资证券的收益。

证券受信用风险影响。

这些证券是我们的义务，而不是任何第三方的直接或间接义务。根据证券规定，应付金额受我们信用状况的影响，您将无法向任何相关方追讨付款。因此，我们实际和感知的信用状况可能会影响证券的价值，如果我们在证券项下的义务违约，您可能无法根据证券条款获得任何应付金额。

投资证券的美国联邦所得税后果尚不明确。

目前没有直接的法律权威规定证券的适当美国联邦所得税处理方式，证券的税务处理的许多方面尚不确定。特别是，由于证券的条款和当前的市场状况，证券有可能被认定为美国联邦所得税目的的债务工具，这可能导致与证券相关的收入确认的时间和性质与本文所述不同，并可能对某些投资者不利。此外，非美国投资者应注意，我们打算对支付给非美国投资者的票息进行预提，通常税率为30%。我们将不会就此类预提支付任何额外金额。您应仔细查阅本文中标题为“美国联邦所得税考虑因素”的部分，结合随附的产品补充文件中的标题为“美国联邦所得税考虑因素”的部分，并咨询您的税务顾问，了解投资证券的美国联邦所得税后果。

PRS-11

市场挂钩证券—自动赎回型，附带条件票息，具有记忆功能和条件性下行风险

如果最终计算日被推迟，声明的到期日可能会被推迟。

如果原定的最终计算日不是交易日，或者计算代理人在最终计算日确定发生了市场中断事件或市场中断事件仍在持续，最终计算日将被推迟。如果发生此类推迟，声明的到期日可能会被推迟。有关更多信息，请参阅随附的产品补充文件中的“证券一般条款—市场中断事件的后果；计算日的推迟—与多个市场指标挂钩的证券”和“—支付日期”部分。

与证券的估计价值及任何二级市场相关的风险

根据我们的专有定价模型，证券在定价日的估计价值将低于原始发行价格。

我们的证券初步估值只是一个估算，基于多个因素。证券的原始发行价格可能超过我们的初步估值，因为与发行、结构和对冲证券相关的成本包含在原始发行价格中，但未包含在估算价值中。这些成本将包括任何代理折扣和销售让步，以及通过一个或多个对冲交易对手对冲我们证券项下义务的成本（这可能是一个或多个我们的关联方或代理及其关联方）。此类对冲成本包括我们或我们的对冲交易对手提供此类对冲的预期成本，以及我们或我们的对冲交易对手为承担提供此类对冲所固有的风险而预期实现的利润。

证券的条款并非根据我们常规固定利率债务的信用利差来确定。

为确定证券的条款，我们使用一个内部资金利率，该利率代表我们常规固定利率债务的信用利差的折扣。因此，证券的条款对您来说不如我们使用更高的资金利率时有利。

证券的估算价值并不代表WFS或任何其他人在二级市场可能愿意从您那里购买证券的价格。

我们对证券的初步估值是通过我们的内部定价模型得出的。该估值基于市场状况和其他相关因素，包括标的物的波动率和相关性、股息率和利率。不同的定价模型和假设，包括代理、其关联方或其他市场参与者的使用，可能会为证券提供高于或低于我们初步估值的值。此外，定价日后市场状况和其他相关因素预计会发生变化，可能很快，并且我们的假设可能被证明是错误的。定价日后，由于市场状况、我们的信用状况以及其他在下一个风险因素中讨论的其他因素的变化，证券的价值可能会发生巨大变化。这些变化可能会对WFS或其关联方或任何其他方（包括我们或我们的关联方）在任何二级市场交易中愿意从您那里购买证券的价格（如有）产生影响。我们的初步估值并不代表WFS或任何其他方（包括我们或我们的关联方）在任何时间在任何二级市场愿意购买您的证券的最低价格。

WFS已告知我们，如果WFS、WFA或其任何关联公司在任何时候在二级市场交易证券，该二级市场价格将受到市场状况变化和其他因素的影响，这些因素在下一个风险因素中有详细描述。WFS已告知我们，如果WFS、WFA或其任何关联公司在发行日之前或发行日后3个月期间内进行二级市场交易，其、WFA或其任何关联公司提供的二级市场价格将增加一定金额，该金额反映了与销售、结构设计和对冲证券相关的部分成本，这些成本已包含在其原始发行价格中。由于这部分成本在发行时并未完全扣除，WFS已告知我们，在此期间内其、WFA或其任何关联公司提供的任何二级市场价格将高于此期间之后的市场价格，因为在此期间之后提供的任何二级市场价格将反映上述成本的完全扣除。WFS已告知我们，此期间二级市场价格的增加幅度将在3个月内逐步下降至零。WFS已告知我们，如果您通过WFS、WFA或其任何关联公司的账户持有证券，WFS预计此增加额也将反映在您的经纪账户对账单上证券的价值中。如果您通过非WFS、WFA或其任何关联公司的经纪交易商账户持有证券，您的经纪账户对账单上证券的价值可能与通过WFS、WFA或其任何关联公司持有证券的价值不同。

PRS-12

市场挂钩证券—自动赎回型附带条件票息证券，具有记忆功能和条件性下行保护

本金风险证券，与CrowdStrike Holdings, Inc.的A类普通股、Marvell Technology, Inc.的普通股以及Palantir Technologies Inc.的A类普通股中表现最差的证券挂钩，到期日为2029年10月18日

证券在所述到期日之前的估值将受到众多因素的影响，其中一些因素以复杂的方式相互关联。

证券在所述到期日之前的估值将受到每个相关资产当时的估值、当时利率以及许多其他因素的影响，其中一些因素以复杂的方式相互关联。任何一个因素的影响可能会被另一个因素的影响抵消或放大。以下因素（在随附的产品补充文件中有更详细的描述）预计会影响证券的价值：相关资产的表现；利率；相关资产的波动性；相关资产之间的相关性；剩余到期时间；以及相关资产的股息收益率。当我们提到您的证券的“价值”时，我们指的是如果您能够在所述到期日之前在公开市场上出售证券，您能够获得的价值。

除了这些因素外，证券的价值还将受到我们信用状况实际或预期变化的影响。证券的价值还将受到自动赎回条款的限制，因为如果证券被自动赎回，您将无法获得本应累积的或有票息支付（如有），如果证券在 later 的计算日被赎回或持有至规定到期日。您应理解，上述因素之一（如利率变化）的影响可能会抵消其他因素（如任何或所有底层资产价值变化）导致的证券价值的任何变化。由于预计众多因素会影响证券的价值，底层资产价值的变化可能不会导致证券价值的相应变化。

证券不会在任何证券交易所上市，我们预计也不会出现证券的交易市场。

证券不会在任何证券交易所上市或展示。尽管代理机构和/或其关联公司可能从持有人处购买证券，但它们没有义务这样做，也不需要为证券做市。无法保证会形成二级市场。由于我们预计不会有做市商参与证券的二级市场，您可能能够出售证券的价格很可能取决于代理机构愿意以何种价格购买您的证券的价格（如有）。如果存在二级市场，它可能是有限的。因此，如果您决定在规定到期日前出售证券，可能买家数量有限。这可能会影响您出售时获得的价格。因此，您应愿意持有证券至规定到期日。

与底层资产相关的风险

证券的任何支付以及证券是否被自动赎回将取决于底层资产的表现，因此证券将受以下风险的影响，每种风险均在随附的产品补充文件中有更详细的说明。

投资证券与投资底层资产不同。投资证券并不等同于投资底层资产。作为证券的投资者，您的回报不会反映如果您实际持有每个底层资产一段时间（与证券期限相似）所能实现的回报，因为您不会收到任何股息支付、分配或其他支付。作为证券的持有人，您不会拥有底层资产持有人所拥有的任何投票权或其他权利。

底层资产的历史价值不应视为证券期限内底层资产未来表现的指标。

证券可能会与原始底层资产发行人以外公司的普通股相关。

我们无法控制底层资产发行人采取的行动。

我们及我们的关联方与任何底层资产发行人无任何关联，且未独立验证其公开披露的信息。

您享有有限的反稀释保护。

证券将面临单一股票风险。

由于与该Underlier相关的特定因素，例如股票价格波动、收益、财务状况、公司、行业和监管发展、管理层变动和决策以及其他事件，以及一般市场因素，例如总体股市波动和价格、利率以及经济和政治状况，Underlier的价值可能大幅上升或下降。

PRS-13

与自动赎回且具有附带票息、记忆功能和下行风险的市场挂钩证券

本金风险证券，其表现与CrowdStrike Holdings, Inc.的A类普通股、Marvell Technology, Inc.的普通股以及Palantir Technologies Inc.的A类普通股中表现最差者相关，到期日为2029年10月18日

有关利益冲突的风险

我们与任何参与此次发行的交易商的经济利益可能与您的利益相冲突。

您应了解以下情况：我们以及任何参与证券分销的交易商的经济利益，我们称之为“参与交易商”，可能与您作为证券投资者的利益相冲突。在进行下文所述的某些活动以及在随附的产品补充文件中更详细讨论的内容中，我们的关联方或任何参与交易商或其关联方可能会采取可能对证券的价值和您的回报产生不利影响的行动，而在此过程中，他们没有义务考虑您作为证券投资者的利益。我们的关联方或任何参与交易商或其关联方可能从这些活动中获利，即使投资者没有从证券中获得有利的投资回报。

计算代理是我们的一家关联方，可能需要做出影响您从证券中获得回报的自主判断。 BMOCM是我们的一家关联方，将作为证券的计算代理。作为计算代理，BMOCM将确定Underlier的任何价值，并做出计算证券任何付款所需的任何其他决定。在做出这些决定时，BMOCM可能需要做出可能对证券的付款产生不利影响的自主判断。请参见随附的产品补充文件中标题为“证券一般条款—与标的股票挂钩证券的特定条款—市场中断事件”和“—调整事件”的部分。在做出这些自主判断时，由于BMOCM是我们的一家关联方，这可能导致其拥有与您作为证券投资者的利益相冲突的经济利益，BMOCM作为计算代理的决定可能对您从证券中的回报产生不利影响。

证券的估算价值由我们计算，因此不是独立第三方的估值。

我们关联方或任何参与交易商或其关联方发布的研究报告可能与投资证券不一致，并可能对Underlier的价值产生不利影响。

我们关联方或任何参与交易商或其关联方与标的股票发行人的业务活动可能对Underlier的价值产生不利影响。

我们关联方或任何参与交易商或其关联方的对冲活动可能对相关资产的价值产生不利影响。

我们关联方或任何参与交易商或其关联方的交易活动可能对相关资产的价值产生不利影响。

A participating dealer or its affiliates\nmay realize hedging profits projected by its proprietary pricing models in addition to any selling concession and/or other fee, creating\na further incentive for the participating dealer to sell the securities to you.

PRS-14

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

Principal at Risk Securities Linked to the Lowest Performing of the Class A Common Stock of CrowdStrike Holdings, Inc., the Common Stock of Marvell Technology, Inc. and the Class A Common Stock of Palantir Technologies Inc. due October 18, 2029

\n \n \n

Hypothetical Returns

If the securities are automatically called:

If the securities are automatically called prior\nto stated maturity, you will receive the face amount of your securities plus a final contingent coupon payment and any previously unpaid\ncontingent coupon payments on the call settlement date. In the event the securities are automatically called, your total return on the\nsecurities will equal any contingent coupon payments received prior to the call settlement date and the contingent coupon payment(s) received\non the call settlement date.

If the securities are not automatically called:

If the securities are not automatically called\nprior to stated maturity, the following table illustrates, for a range of hypothetical performance factors of the lowest performing Underlier\non the final calculation day, the hypothetical maturity payment amount payable at stated maturity per security (excluding the final contingent\ncoupon payment and any previously unpaid contingent coupon payments, if otherwise payable). The performance factor of the lowest performing\nUnderlier on the final calculation day is its ending value expressed as a percentage of its starting value (i.e., its ending value divided\nby its starting value).

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Hypothetical Performance \nFactor of Lowest Performing \nUnderlier on Final Calculation \nDay	Hypothetical Maturity Payment \nAmount per Security
175.00%	$1,000.00
160.00%	$1,000.00
150.00%	$1,000.00
140.00%	$1,000.00
130.00%	$1,000.00
120.00%	$1,000.00
110.00%	$1,000.00
100.00%	$1,000.00
90.00%	$1,000.00
80.00%	$1,000.00
70.00%	$1,000.00
60.00%	$1,000.00
50.00%	$1,000.00
45.00%	$1,000.00
44.00%	$440.00
40.00%	$400.00
30.00%	$300.00
25.00%	$250.00
0.00%	$0.00

The above figures do not take into account contingent\ncoupon payments, if any, received during the term of the securities. As evidenced above, in no event will you have a positive rate of\nreturn based solely on the maturity payment amount received at maturity; any positive return will be based solely on the contingent coupon\npayments, if any, received during the term of the securities.

The above figures are for purposes of illustration\nonly and may have been rounded for ease of analysis. If the securities are not automatically called prior to the stated maturity date,\nthe actual amount you will receive at stated maturity will depend on the actual ending value of the lowest performing Underlier on the\nfinal calculation day. The performance of the better performing Underliers is not relevant to your return on the securities.

PRS-15

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

\n \n \n

Hypothetical Contingent Coupon Payments

Set forth below are examples that illustrate how to determine whether\na contingent coupon payment will be paid and whether the securities will be automatically called, if applicable, on a contingent coupon\npayment date prior to the stated maturity date. The following examples assume the securities are subject to automatic call on the applicable\ncalculation day. The following examples assume the hypothetical starting value, coupon threshold value and closing values for each Underlier\nindicated in the examples. The terms used for purposes of these hypothetical examples do not represent any actual starting value or coupon\nthreshold value. The hypothetical starting value of $100.00 for each Underlier has been chosen for illustrative purposes only and does\nnot represent the actual starting value for any Underlier. The actual starting value and coupon threshold value for each Underlier are\nset forth under “Terms of the Securities” above. For actual historical data of the Underliers, see the historical information\nset forth herein. These examples are for purposes of illustration only and the values used in the examples may have been rounded for ease\nof analysis.

Example 1 – Hypothetical Calculation Day\n#1. The closing value of the lowest performing Underlier on hypothetical calculation day #1 is greater than or equal to its coupon\nthreshold value and less than its starting value. As a result, investors receive a contingent coupon payment on the applicable contingent\ncoupon payment date and the securities are not automatically called:

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	Class A \nCommon Stock \nof \nCrowdStrike \nHoldings, Inc.	Common \nStock of \nMarvell \nTechnology, \nInc.	Class A \nCommon \nStock of \nPalantir \nTechnologies \nInc.
Hypothetical starting value:	$100.00	$100.00	$100.00
Hypothetical closing value on hypothetical calculation day #1:	$90.00	$95.00	$98.00
Hypothetical coupon threshold value:	$45.00	$45.00	$45.00
Performance factor:	90.00%	95.00%	98.00%

Step 1: Determine which Underlier\nis the lowest performing Underlier on hypothetical calculation day #1.

In this example, the Class A common stock\nof CrowdStrike Holdings, Inc. has the lowest performance factor and is, therefore, the lowest performing Underlier on hypothetical calculation\nday #1.

Step 2: Determine whether a contingent\ncoupon payment will be paid and whether the securities will be automatically called on the applicable contingent coupon payment date.

Since the hypothetical closing value of\nthe lowest performing Underlier on hypothetical calculation day #1 is greater than or equal to its hypothetical coupon threshold value,\nbut less than its hypothetical starting value, you would receive a contingent coupon payment on the applicable contingent coupon payment\ndate and the securities would not be automatically called. The contingent coupon payment would be equal to $18.78 per security, determined\nas follows: (i) $1,000 multiplied by 22.53% per annum divided by (ii) 12, rounded to the nearest cent.

PRS-16

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

Example 2 – Hypothetical Calculation Day\n#2. The closing value of the lowest performing Underlier on hypothetical calculation day #2 is less than its coupon threshold value.\nAs a result, investors do not receive a contingent coupon payment on the applicable contingent coupon payment date and the securities\nare not automatically called:

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	Class A Common \nStock \nof \nCrowdStrike \nHoldings, Inc.	Common \nStock of \nMarvell \nTechnology, \nInc.	Class A \nCommon Stock \nof Palantir \nTechnologies \nInc.
Hypothetical starting value:	$100.00	$100.00	$100.00
Hypothetical closing value on hypothetical calculation day #2:	$44.00	$125.00	$105.00
Hypothetical coupon threshold value:	$45.00	$45.00	$45.00
Performance factor:	44.00%	125.00%	105.00%

Step 1: Determine which Underlier\nis the lowest performing Underlier on hypothetical calculation day #2.

In this example, the Class A common stock\nof CrowdStrike Holdings, Inc. has the lowest performance factor and is, therefore, the lowest performing Underlier on hypothetical calculation\nday #2.

Step 2: Determine whether a contingent\ncoupon payment will be paid and whether the securities will be automatically called on the applicable contingent coupon payment date.

Since the hypothetical closing value of\nthe lowest performing Underlier on hypothetical calculation day #2 is less than its hypothetical coupon threshold value, you would not\nreceive a contingent coupon payment on the applicable contingent coupon payment date. In addition, the securities would not be automatically\ncalled, even though the closing values of the better performing Underliers on hypothetical calculation day #2 are greater than their starting\nvalues.

As this example illustrates, whether you\nreceive a contingent coupon payment and whether the securities are automatically called on a contingent coupon payment date will depend\nsolely on the closing value of the lowest performing Underlier on the relevant calculation day. The performance of the better performing\nUnderliers is not relevant to your return on the securities.\n

PRS-17

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

Example 3 – Hypothetical Calculation Day\n#3. The closing value of the lowest performing Underlier on hypothetical calculation day #3 is greater than or equal to its starting\nvalue. As a result, the securities are automatically called on the applicable contingent coupon payment date for the face amount plus\na final contingent coupon payment (plus the previously unpaid contingent coupon payment):

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	Class A Common \nStock \nof \nCrowdStrike \nHoldings, Inc.	Common \nStock of \nMarvell \nTechnology, \nInc.	Class A \nCommon Stock \nof Palantir \nTechnologies \nInc.
Hypothetical starting value:	$100.00	$100.00	$100.00
Hypothetical closing value on hypothetical calculation day #3:	$115.00	$130.00	$105.00
Hypothetical coupon threshold value:	$45.00	$45.00	$45.00
Performance factor:	115.00%	130.00%	105.00%

Step 1: Determine which Underlier\nis the lowest performing Underlier on hypothetical calculation day #3.

In this example, the Class A common stock\nof Palantir Technologies Inc. has the lowest performance factor and is, therefore, the lowest performing Underlier on hypothetical calculation\nday #3.

Step 2: Determine whether a contingent\ncoupon payment will be paid and whether the securities will be automatically called on the applicable contingent coupon payment date.

Since the hypothetical closing value of\nthe lowest performing Underlier on hypothetical calculation day #3 is greater than or equal to its hypothetical starting value, the securities\nwould be automatically called and you would receive the face amount plus a final contingent coupon payment and the previously unpaid contingent\ncoupon payment. Because no contingent coupon payment was received in connection with hypothetical calculation day #2, you would also receive\nthe previously unpaid contingent coupon payment on the applicable contingent coupon payment date, which is also referred to as the call\nsettlement date. On the call settlement date, you would receive $1,037.56 per security.

You will not receive any further payments after\nthe call settlement date.

PRS-18

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

\n \n \n

Hypothetical Payment at Stated Maturity

Set forth below are examples of calculations of the maturity payment\namount payable at stated maturity, assuming that the securities have not been automatically called prior to the stated maturity date and\nassuming the hypothetical starting value, coupon threshold value, downside threshold value and ending values for each Underlier indicated\nin the examples. The terms used for purposes of these hypothetical examples do not represent any actual starting value, coupon threshold\nvalue or downside threshold value. The hypothetical starting value of $100.00 for each Underlier has been chosen for illustrative purposes\nonly and does not represent the actual starting value for any Underlier. The actual starting value, coupon threshold value and downside\nthreshold value for each Underlier are set forth under “Terms of the Securities” above. For actual historical data of the\nUnderliers, see the historical information set forth herein. These examples are for purposes of illustration only and the values used\nin the examples may have been rounded for ease of analysis.

Example 1. The ending value of the lowest\nperforming Underlier on the final calculation day is greater than its starting value. As a result, the maturity payment amount is equal\nto the face amount of your securities and you receive a final contingent coupon payment (plus any previously unpaid contingent coupon\npayments):

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	Class A Common Stock \nof \nCrowdStrike Holdings, \nInc.	Common \nStock of \nMarvell \nTechnology, \nInc.	Class A \nCommon Stock \nof Palantir \nTechnologies \nInc.
Hypothetical starting value:	$100.00	$100.00	$100.00
Hypothetical ending value:	$145.00	$125.00	$135.00
Hypothetical coupon threshold value:	$45.00	$45.00	$45.00
Hypothetical downside threshold value:	$45.00	$45.00	$45.00
Performance factor:	145.00%	125.00%	135.00%

Step 1: Determine which Underlier\nis the lowest performing Underlier on the final calculation day.

In this example, the common stock of Marvell\nTechnology, Inc. has the lowest performance factor and is, therefore, the lowest performing Underlier on the final calculation day.

Step 2: Determine the maturity\npayment amount based on the ending value of the lowest performing Underlier on the final calculation day.

Since the hypothetical ending value of\nthe lowest performing Underlier on the final calculation day is greater than its hypothetical downside threshold value, the maturity payment\namount would equal the face amount. Although the hypothetical ending value of the lowest performing Underlier on the final calculation\nday is significantly greater than its hypothetical starting value in this scenario, the maturity payment amount will not exceed the face\namount.

In addition to any contingent coupon\npayments received during the term of the securities, on the stated maturity date you would receive $1,000 per security. In addition, because\nthe hypothetical ending value of the lowest performing Underlier on the final calculation day is greater than its hypothetical coupon\nthreshold value, you would receive a final contingent coupon payment (plus any previously unpaid contingent coupon payments) on the stated\nmaturity date.

PRS-19

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

Example 2. The ending value of the lowest\nperforming Underlier on the final calculation day is less than its starting value but greater than its coupon threshold value and its\ndownside threshold value. As a result, the maturity payment amount is equal to the face amount of your securities, and you will receive\na final contingent coupon payment (plus any previously unpaid contingent coupon payments):

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	Class A Common Stock \nof \nCrowdStrike Holdings, \nInc.	Common \nStock of \nMarvell \nTechnology, \nInc.	Class A \nCommon Stock \nof Palantir \nTechnologies \nInc.
Hypothetical starting value:	$100.00	$100.00	$100.00
Hypothetical ending value:	$90.00	$105.00	$115.00
Hypothetical coupon threshold value:	$45.00	$45.00	$45.00
Hypothetical downside threshold value:	$45.00	$45.00	$45.00
Performance factor:	90.00%	105.00%	115.00%

Step 1: Determine which Underlier\nis the lowest performing Underlier on the final calculation day.

In this example, the Class A common stock\nof CrowdStrike Holdings, Inc. has the lowest performance factor and is, therefore, the lowest performing Underlier on the final calculation\nday.

Step 2: Determine the maturity\npayment amount based on the ending value of the lowest performing Underlier on the final calculation day.

Since the hypothetical ending value of\nthe lowest performing Underlier on the final calculation day is less than its hypothetical starting value, but not by more than 55%, you\nwould receive the face amount of your securities at maturity.

PRS-20

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

Example 3. The ending value of the lowest\nperforming Underlier on the final calculation day is less than its downside threshold value. As a result, the maturity payment amount\nis less than the face amount of your securities and you do not receive a final contingent coupon payment or any previously unpaid contingent\ncoupon payments:

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	Class A Common \nStock \nof \nCrowdStrike \nHoldings, Inc.	Common \nStock of \nMarvell \nTechnology, \nInc.	Class A \nCommon Stock \nof Palantir \nTechnologies \nInc.
Hypothetical starting value:	$100.00	$100.00	$100.00
Hypothetical ending value:	$120.00	$75.00	$40.00
Hypothetical coupon threshold value:	$45.00	$45.00	$45.00
Hypothetical downside threshold value:	$45.00	$45.00	$45.00
Performance factor:	120.00%	75.00%	40.00%

Step 1: Determine which Underlier\nis the lowest performing Underlier on the final calculation day.

In this example, the Class A common stock\nof Palantir Technologies Inc. has the lowest performance factor and is, therefore, the lowest performing Underlier on the final calculation\nday.

Step 2: Determine the maturity\npayment amount based on the ending value of the lowest performing Underlier on the final calculation day.

Since the hypothetical ending value of\nthe lowest performing Underlier on the final calculation day is less than its hypothetical starting value by more than 55%, you would\nlose a portion of the face amount of your securities and receive the maturity payment amount equal to $400.00 per security, calculated\nas follows:

= $1,000 × performance\nfactor of the lowest performing Underlier on the final calculation day

= $1,000 × 40.00%

= $400.00

In addition to any contingent coupon\npayments received during the term of the securities, on the stated maturity date you would receive $400.00 per security. Because the hypothetical\nending value of the lowest performing Underlier on the final calculation day is less than its hypothetical coupon threshold value, you\nwould not receive a final contingent coupon payment or any previously unpaid contingent coupon payments on the stated maturity date.

These examples illustrate that you will not participate\nin any appreciation of any Underlier, but will be fully exposed to a decrease in the lowest performing Underlier if the ending value of\nthe lowest performing Underlier on the final calculation day is less than its downside threshold value, even if the ending values of the\nother Underliers have appreciated or have not declined below their respective downside threshold value.

To the extent that the starting value, coupon threshold\nvalue, downside threshold value and ending value of the lowest performing Underlier differ from the values assumed above, the results\nindicated above would be different.

PRS-21

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

\n \n \n

Information About The Underliers

Each Underlier is registered under the Securities\nExchange Act of 1934, as amended (the “Exchange Act”). Companies with securities registered under the Exchange Act\nare required to file financial and other information specified by the SEC periodically. Information provided to or filed with the SEC\nby the issuer of each Underlier can be located on a website maintained by the SEC at https://www.sec.gov by reference to that issuer’s\nSEC file number provided below. Information from outside sources is not incorporated by reference in, and should not be considered part\nof, this pricing supplement. We have not independently verified the accuracy or completeness of the information contained in outside sources.

PRS-22

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

\n \n \n

CrowdStrike Holdings, Inc.

According to publicly available information, CrowdStrike\nHoldings, Inc. is a cybersecurity company that provides cloud-delivered protection of endpoints, cloud workloads, identity and data via\na software as a service subscription-based model to security markets, including corporate endpoint security, security and IT operations,\nmanaged security services, next-gen SIEM, cloud security, identity protection, threat intelligence, data protection, exposure management\nand cybersecurity generative AI.

The issuer of the Class A common stock of CrowdStrike\nHoldings, Inc.’s SEC file number is 001-38933. The Class A common stock of CrowdStrike Holdings, Inc. is listed on The Nasdaq Global\nSelect Market under the ticker symbol “CRWD.”

Historical Information

We obtained the closing prices of the Class A common\nstock of CrowdStrike Holdings, Inc. in the graph below from Bloomberg Finance L.P. (“Bloomberg”), without independent\nverification. The historical prices below may have been adjusted by Bloomberg to reflect any stock splits, reverse stock splits or other\ncorporate transactions.

The following graph sets forth daily closing prices of the Class A common\nstock of CrowdStrike Holdings, Inc. for the period from January 4, 2021 to October 13, 2026. The closing price on October 13, 2026 was\n$261.21. The historical performance of the Class A common stock of CrowdStrike Holdings, Inc. should not be taken as an indication of\nits future performance during the term of the securities.

$\"\"$

PRS-23

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

\n \n \n

Marvell Technology, Inc.

According to publicly available information, Marvell\nTechnology, Inc. is a supplier of data infrastructure semiconductor products and services.

The issuer of the common stock of Marvell Technology,\nInc.’s SEC file number is 001-40357. The common stock of Marvell Technology, Inc. is listed on The Nasdaq Global Select Market under\nthe ticker symbol “MRVL.”

Historical Information

We obtained the closing prices of the common stock\nof Marvell Technology, Inc. in the graph below from Bloomberg, without independent verification. The historical prices below may\nhave been adjusted by Bloomberg to reflect any stock splits, reverse stock splits or other corporate transactions.

The following graph sets forth daily closing prices of the common stock\nof Marvell Technology, Inc. for the period from January 4, 2021 to October 13, 2026. The closing price on October 13, 2026 was $268.73.\nThe historical performance of the common stock of Marvell Technology, Inc. should not be taken as an indication of its future performance\nduring the term of the securities.

$\"\"$

PRS-24

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

\n \n \n

Palantir Technologies Inc.

According to publicly available information, Palantir\nTechnologies Inc. builds and deploys software platforms that help organizations integrate their data, decisions, and operations at scale.

The issuer of the Class A common stock of Palantir\nTechnologies Inc.’s SEC file number is 001-39540. The Class A common stock of Palantir Technologies Inc. is listed on The Nasdaq\nStock Market LLC under the ticker symbol “PLTR.”

Historical Information

We obtained the closing prices of the Class A common\nstock of Palantir Technologies Inc. in the graph below from Bloomberg, without independent verification. The historical prices below\nmay have been adjusted by Bloomberg to reflect any stock splits, reverse stock splits or other corporate transactions.

The following graph sets forth daily closing prices of the Class A common\nstock of Palantir Technologies Inc. for the period from January 4, 2021 to October 13, 2026. The closing price on October 13, 2026\nwas $208.67. The historical performance of the Class A common stock of Palantir Technologies Inc. should not be taken as an indication\nof its future performance during the term of the securities.

$\"\"$

PRS-25

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

\n \n \n

Summary of Canadian Federal Income Tax Consequences

For a discussion of the material Canadian federal\nincome tax consequences relating to an investment in the securities, see the section entitled “Canadian Federal Income Tax Consequences”\nin the accompanying product supplement. Notwithstanding anything to the contrary in the accompanying product supplement, the Canadian\ntax consequences discussed in the accompanying product supplement do not take into account the proposed amendments to the “hybrid\nmismatch arrangement” rules in the Tax Act released for consultation on July 23, 2026.

PRS-26

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

\n \n \n

United States Federal Income Tax Considerations

Although there is uncertainty regarding the U.S. federal income tax consequences\nof an investment in the securities due to the lack of governing authority, in the opinion of our counsel Davis Polk & Wardwell LLP,\nunder current law, and based on current market conditions, it is reasonable to treat a security as a single prepaid financial contract\nwith associated coupons for U.S. federal income tax purposes. Assuming this treatment of the securities is respected, the tax consequences\nare as outlined in the discussion under “United States Federal Income Tax Considerations—Tax Consequences to U.S. Holders—Securities\nTreated as Prepaid Financial Contracts with Associated Coupons” in the accompanying product supplement.

We do not plan to request a ruling from the Internal Revenue Service\n(the “IRS”) regarding the treatment of the securities. If the IRS were successful in asserting an alternative treatment\nof the securities, the tax consequences of the ownership and disposition of the securities, including the timing and character of income\nrecognized by U.S. investors, might be materially and adversely affected. In particular, due to the terms of the securities and current\nmarket conditions, there is a substantial risk that the securities could be characterized as debt instruments for U.S. federal income\ntax purposes, in which case the timing and character of income recognized in respect of the securities could be different from those described\nherein and possibly adverse to certain investors. The U.S. Treasury Department and the IRS have requested comments on various issues regarding\nthe U.S. federal income tax treatment of “prepaid forward contracts” and similar financial instruments and have indicated\nthat such transactions may be the subject of future regulations or other guidance. Furthermore, members of Congress have proposed legislative\nchanges to the tax treatment of derivative contracts. Any legislation, Treasury regulations or other guidance promulgated after consideration\nof these issues could materially and adversely affect the tax consequences of an investment in the securities, possibly with retroactive\neffect.

Non-U.S. Holders. The U.S. federal income tax treatment\nof the coupons is unclear. We intend to withhold on any coupon paid to a Non-U.S. Holder, generally at a rate of 30% or at a reduced rate\nspecified by an applicable income tax treaty under an “other income” or similar provision. In order to claim an exemption\nfrom, or a reduction in, the 30% withholding under an applicable treaty, you will need to comply with certification requirements to establish\nthat you are not a U.S. person and are eligible for such an exemption or reduction under an applicable tax treaty. You should consult\nyour tax advisor regarding the tax treatment of the securities, including the possibility of obtaining a refund of all or a portion of\nany amounts withheld.

As discussed in the accompanying product supplement, Section 871(m) of\nthe Code and the Treasury regulations thereunder (“Section 871(m)”) generally impose a 30% (or lower treaty rate) withholding\ntax on “dividend equivalents” paid or deemed paid to non-U.S. investors with respect to certain financial instruments linked\nto equities that could pay U.S.-source dividends for U.S. federal income tax purposes (“underlying securities”), as\ndefined under the applicable Treasury regulations, or indices that include underlying securities. Section 871(m) generally applies to\nfinancial instruments that substantially replicate the economic performance of one or more underlying securities, as determined based\non tests set forth in the applicable Treasury regulations. Pursuant to an IRS notice, Section 871(m) will not apply to securities issued\nbefore January 1, 2029 that do not have a delta of one with respect to any underlying security. Based on our determination that the securities\ndo not have a delta of one with respect to any underlying security, the securities should not be subject to Section 871(m). Our determination\nis not binding on the IRS, and the IRS may disagree with this determination. Section 871(m) is complex and its application may depend\non your particular circumstances, including whether you enter into other transactions with respect to an underlying security. You should\nconsult your tax advisor regarding the potential application of Section 871(m) to the securities.

If withholding is required, we will not be required\nto pay any additional amounts with respect to the amounts so withheld.

Both U.S. and non-U.S. investors considering an\ninvestment in the securities should read the discussion under “United States Federal Income Tax Considerations” in the accompanying\nproduct supplement and consult their tax advisors regarding all aspects of the U.S. federal income and estate tax consequences of an investment\nin the securities, including possible alternative treatments, and any tax consequences arising under the laws of any state, local or non-U.S.\ntaxing jurisdiction.

PRS-27

Market Linked Securities—Auto-Callable with Contingent Coupon with Memory Feature and Contingent Downside

\n \n \n

\nValidity of the Securities

In the opinion of Osler, Hoskin & Harcourt\nLLP, the issue and sale of the securities has been duly authorized by all necessary corporate action of the Bank of Montreal in conformity\nwith the indenture, and when this pricing supplement has been attached to, and duly notated on, the master note that represents the securities,\nthe securities will have been validly executed, authenticated, issued and delivered, to the extent that validity of the securities is\na matter governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein and will be valid obligations\nof the Bank of Montreal, subject to the following limitations (i) the enforceability of the indenture may be limited by the Canada Deposit\nInsurance Corporation Act (Canada), the Winding-up and Restructuring Act (Canada) and bankruptcy, insolvency, reorganization, receivership,\nmoratorium, arrangement or winding-up laws or other similar laws affecting the enforcement of creditors’ rights generally; (ii)\nthe enforceability of the indenture may be limited by equitable principles, including the principle that equitable remedies such as specific\nperformance and injunction may only be granted in the discretion of a court of competent jurisdiction; (iii) pursuant to the Currency\nAct (Canada) a judgment by a Canadian court must be awarded in Canadian currency and that such judgment may be based on a rate of exchange\nin existence on a day other than the day of payment; and (iv) the enforceability of the indenture will be subject to the limitations contained\nin the Limitations Act, 2002 (Ontario), and such counsel expresses no opinion as to whether a court may find any provision of the indenture\nto be unenforceable as an attempt to vary or exclude a limitation period under that Act. This opinion is given as of the date hereof and\nis limited to the laws of the Provinces of Ontario and the federal laws of Canada applicable therein. In addition, this opinion is subject\nto certain assumptions about (i) the trustees’ authorization, execution and delivery of the indenture, (ii) the genuineness of signatures\nand (iii) certain other matters, all as stated in the letter of such counsel dated March 25, 2025, which has been filed as Exhibit 5.3\nto Bank of Montreal’s Form 6-K filed with the SEC and dated March 25, 2025.

In the opinion of Davis Polk & Wardwell LLP,\nas special United States products counsel to the Bank of Montreal, when the securities offered by this pricing supplement have been issued\nby the Bank of Montreal pursuant to the indenture, the trustee has made the appropriate entries or notations to the master global note\nthat represents such securities (the “master note”), and such securities have been delivered against payment as contemplated\nherein, such securities will be valid and binding obligations of the Bank of Montreal, enforceable in accordance with their terms, subject\nto applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, concepts of reasonableness and equitable\nprinciples of general applicability (including, without limitation, concepts of good faith, fair dealing and the lack of bad faith) and\npossible judicial or regulatory actions or applications giving effect to governmental actions or foreign laws affecting creditors’\nrights, provided that such counsel expresses no opinion as to (i) the enforceability of any waiver of rights under any usury or\nstay law; or (ii) the effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed\nabove. This opinion is given as of the date hereof and is limited to the laws of the State of New York. Insofar as the foregoing opinion\ninvolves matters governed by the laws of the Provinces of Ontario and Québec and the federal laws of Canada, you have received,\nand we understand that you are relying upon, the opinion of Osler, Hoskin & Harcourt LLP, Canadian counsel for the Bank of Montreal,\nset forth above. In addition, this opinion is subject to customary assumptions about the trustee’s authorization, execution and\ndelivery of the indenture and the authentication of the master note and the validity, binding nature and enforceability of the indenture\nwith respect to the trustee, all as stated in the opinion of Davis Polk & Wardwell LLP dated March 25, 2025, which has been filed\nas an exhibit to Bank of Montreal’s report on Form 6-K filed with the SEC on March 25, 2025.

PRS-28

","original","zhKind","translation","complete",false,"BMO","公司与财报","金融","宏观与美联储","行业与主题","政策与监管","其他","aihot","/items/q2fjo3230cim1o7lo2kwatnrd","https://www.sec.gov/Archives/edgar/data/927971/000121465926012963/0001214659-26-012963-index.htm","rss-sec-xbrl","name","SEC · EDGAR 财务披露","rss","firstParty","iconUrl","/api/img-proxy?u=https%3A%2F%2Fwww.sec.gov%2Fthemes%2Fcustom%2Fuswds_sec%2Fassets%2Fimg%2Ffavicons%2Fapple-touch-icon.png&mode=avatar&exp=1792281600&sig=7e2c0b2887bde829","iconSrcSet","/api/img-proxy?u=https%3A%2F%2Fwww.sec.gov%2Fthemes%2Fcustom%2Fuswds_sec%2Fassets%2Fimg%2Ffavicons%2Fapple-touch-icon.png&mode=avatar-48&exp=1792281600&sig=4a4e737d69fc85ba 48w, /api/img-proxy?u=https%3A%2F%2Fwww.sec.gov%2Fthemes%2Fcustom%2Fuswds_sec%2Fassets%2Fimg%2Ffavicons%2Fapple-touch-icon.png&mode=avatar-96&exp=1792281600&sig=f06d97a3bb025478 96w","changelogVersion","2026-10-01T08:00"]