# EDGAR Filing Document

**Accession Number:** 0000927971
**File Stem:** 0001214659-25-009271
**Filing Date:** 2025-6
**Character Count:** 12079
**Document Hash:** fb9ec22c84b3a818856149eaf63a3fea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-25-009271.hdr.sgml**: 20250617

**ACCESSION NUMBER**: 0001214659-25-009271

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250617

**DATE AS OF CHANGE**: 20250616

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANK OF MONTREAL /CAN/
- **CENTRAL INDEX KEY:** 0000927971
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-285508
- **FILM NUMBER:** 251051258

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FIRST CANADIAN PLACE
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5X 1A1
- **BUSINESS PHONE:** 000-000-0000

**MAIL ADDRESS:**
- **STREET 1:** 1 FIRST CANADIAN PLACE
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5X 1A1
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANK OF MONTREAL /CAN/
- **CENTRAL INDEX KEY:** 0000927971
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FIRST CANADIAN PLACE
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5X 1A1
- **BUSINESS PHONE:** 000-000-0000

**MAIL ADDRESS:**
- **STREET 1:** 1 FIRST CANADIAN PLACE
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5X 1A1

Filed Pursuant to Rule 433

Registration Statement No. 333-285508

---

| | |
|:---|:---|
| **Bank of Montreal**<br> **Market Linked Securities** | ![](bmologo.jpg) |

---

&nbsp;&nbsp; Market Linked Securities—Auto-Callable with Contingent Downside<br> Principal at Principal at Risk Securities Linked to the Common Stock of NVIDIA Corporation due June 23, 2028<br> Term Sheet to Preliminary Pricing Supplement dated June 16, 2025<br>

Summary of Terms Summary of Terms (continued)

---

| | |
|:---|:---|
| Issuer: | Bank of Montreal |
| Market Measure: | The common stock of NVIDIA Corporation (the "Underlier") |
| Pricing Date\*: | June 20, 2025 |
| Issue Date\*: | June 25, 2025 |
| Face Amount and <br> Original Offering <br> Price: | $1,000 per security |
| Automatic Call: | If the closing value of the Underlier on any call date is greater than or equal to the call threshold value applicable to that call date, the securities will be automatically called, and on the related call settlement date, investors will receive the face amount plus the call premium applicable to that call date. |

---

---

| | | | |
|:---|:---|:---|:---|
| Call Dates\*, Call <br> Threshold Values and <br> Call Premiums: | **Call Dates** | **Call Threshold <br>Value** | **Call <br>Premium†** |
| Call Dates\*, Call <br> Threshold Values and <br> Call Premiums: | June 25, 2026 | 100% of the starting value | At least 18.85% |
| Call Dates\*, Call <br> Threshold Values and <br> Call Premiums: | June 25, 2027 | 100% of the starting value | At least 37.70% |
| Call Dates\*, Call <br> Threshold Values and <br> Call Premiums: | June 20, 2028 (the "final calculation day") | 80% of the starting value | At least 56.55% |
| Call Dates\*, Call <br> Threshold Values and <br> Call Premiums: | † to be determined on the pricing date. | † to be determined on the pricing date. | † to be determined on the pricing date. |

---

---

| | |
|:---|:---|
| Call Settlement <br> Date: | Three business days after the applicable call date (if the securities are called on the last call date, the call settlement date will be the stated maturity date) |
| Maturity Payment <br> Amount (per <br> security): | If the securities are not automatically called:<br> · if the ending value is less than the starting value, but greater than or equal to the downside threshold value: $1,000; or<br> · if the ending value is less than the downside threshold value: $1,000 × performance factor |
| Performance Factor: | The ending value *divided* by the starting value (expressed as a percentage) |
| Stated Maturity <br> Date\*: | June 23, 2028 |
| Starting Value: | The closing value of the Underlier on the pricing date |
| Ending Value: | The closing value of the Underlier on the final calculation day |
| Downside Threshold <br> Value: | 60% of the starting value |
| Calculation Agent: | BMO Capital Markets Corp. ("BMOCM"), an affiliate of the issuer |
| Denominations: | $1,000 and any integral multiple of $1,000 |
| Agent Discount\*\*: | Up to 2.575% for Wells Fargo Securities, LLC ("WFS"). Of that agent discount, Wells Fargo Advisors ("WFA"), may receive a selling concession of up to 2.00% and a distribution expense fee of up to 0.075% |

---

\*subject to change

\*\* In addition, selected dealers may receive a fee of up to 0.30% for marketing and other services

CUSIP: <u>06376EJQ6</u> <br> <u>Material Tax <br> Consequences:</u> <u>See the preliminary pricing supplement </u>

Hypothetical Payout Profile\*\*\*

![](arc5031ts_chart.jpg)

\*\*\*assumes a call premium equal to the lowest possible call premium that may be determined on the pricing date.

**If the securities are not automatically called and the ending value is less than the downside threshold value, you will have full downside exposure to the decrease in the value of the Underlier from the starting value and you will lose more than 40%, and possibly all, of the face amount of your securities at maturity.**

**Any positive return on the securities will be limited to the applicable call premium, even if the closing value of the Underlier on the applicable call date significantly exceeds its starting value. You will not participate in any appreciation of the Underlier beyond the applicable call premium.**

On the date of the accompanying preliminary pricing supplement, the estimated initial value of the securities is $960.90 per security. The estimated initial value of the securities at pricing may differ from this value but will not be less than $910.00 per security. However, as discussed in more detail in the accompanying preliminary pricing supplement, the actual value of the securities at any time will reflect many factors and cannot be predicted with accuracy. See "Estimated Value of the Securities" in the accompanying preliminary pricing supplement.

Preliminary Pricing Supplement:

[sec.gov/Archives/edgar/data/927971/000121465925009267/y616251424b2.htm](https://www.sec.gov/Archives/edgar/data/927971/000121465925009267/y616251424b2.htm)

**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" in this term sheet and the accompanying preliminary pricing supplement and "Risk Factors" in the accompanying product supplement.** 

**This introductory term sheet does not provide all of the information that an investor should consider prior to making an investment decision.** 

**Investors should carefully review the accompanying preliminary pricing supplement, product supplement, prospectus supplement and prospectus before making a decision to invest in the securities.**

**NOT A BANK DEPOSIT AND NOT INSURED OR GUARANTEED BY THE FDIC OR ANY OTHER GOVERNMENTAL AGENCY**

Selected Risk Considerations

The risks set forth below are discussed in detail in the "Selected Risk Considerations" section in the accompanying preliminary pricing supplement and the "Risk Factors" section in the accompanying product supplement. Please review those risk disclosures carefully.

**<u>Risks Relating To The Securities Generally</u>**

&nbsp;&nbsp;&nbsp;&nbsp;· If The Securities Are Not Automatically Called
And The Ending Value Is Less Than The Downside Threshold Value, You Will Lose More Than 40%, And Possibly All, Of The Face Amount Of Your
Securities At Maturity.

&nbsp;&nbsp;&nbsp;&nbsp;· The Potential Return On The Securities Is Limited
To The Call Premium And May Be Lower Than The Return On A Direct Investment In The Underlier.

&nbsp;&nbsp;&nbsp;&nbsp;· The Securities Do Not Pay Interest.

&nbsp;&nbsp;&nbsp;&nbsp;· Higher Call Premiums Are Associated With Greater
Risk.

&nbsp;&nbsp;&nbsp;&nbsp;· You Will Be Subject To Reinvestment Risk.

&nbsp;&nbsp;&nbsp;&nbsp;· The Securities Are Subject To Credit Risk.

&nbsp;&nbsp;&nbsp;&nbsp;· The U.S. Federal Income Tax Consequences Of An
Investment In The Securities Are Unclear.

&nbsp;&nbsp;&nbsp;&nbsp;· The Stated Maturity Date May Be Postponed If
The Final Calculation Day Is Postponed.

**<u>Risks Relating To The Estimated Value Of The Securities And Any Secondary Market</u>**

&nbsp;&nbsp;&nbsp;&nbsp;· The Estimated Value Of The Securities On The
Pricing Date, Based On Our Proprietary Pricing Models, Will Be Less Than The Original Offering Price.

&nbsp;&nbsp;&nbsp;&nbsp;· The Terms Of The Securities Are Not Determined
By Reference To The Credit Spreads For Our Conventional Fixed-Rate Debt.

&nbsp;&nbsp;&nbsp;&nbsp;· The Estimated Value Of The Securities Is Not
An Indication Of The Price, If Any, At Which WFS Or Any Other Person May Be Willing To Buy The Securities From You In The Secondary Market.

&nbsp;&nbsp;&nbsp;&nbsp;· The Value Of The Securities Prior To Stated Maturity
Will Be Affected By Numerous Factors, Some Of Which Are Related In Complex Ways.

&nbsp;&nbsp;&nbsp;&nbsp;· The
Securities Will Not Be Listed On Any Securities Exchange And We Do Not Expect A Trading Market For The Securities To Develop.

**<u>Risks Relating To The Underlier</u>**

&nbsp;&nbsp;&nbsp;&nbsp;· Any Payment Upon An Automatic Call Or At Stated
Maturity Will Depend Upon The Performance Of The Underlier And Therefore The Securities Are Subject To The Following Risks, Each As Discussed
In More Detail In The Accompanying Product Supplement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Investing In The Securities Is Not The Same As Investing In The Underlier.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Historical Values Of The Underlier Should Not Be Taken As An Indication Of The Future Performance Of The
Underlier During The Term Of The Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o The Securities May Become Linked To The Common Stock Of A Company Other Than The Original Underlying Stock
Issuer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o We Cannot Control Actions By The Underlying Stock Issuer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o We And Our Affiliates Have No Affiliation With The Underlying Stock Issuer And Have Not Independently
Verified Its Public Disclosure Of Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o You Have Limited Anti-dilution Protection.

&nbsp;&nbsp;&nbsp;&nbsp;· The Securities Will Be Subject To Single Stock
Risk.

**<u>Risks Relating To Conflicts Of Interest</u>**

&nbsp;&nbsp;&nbsp;&nbsp;· Our
Economic Interests And Those Of Any Dealer Participating In The Offering Are Potentially Adverse To Your Interests.

The Issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this document relates. Before you invest, you should read the prospectus in that registration statement and the other documents that the Issuer has filed with the SEC for more complete information about us and this offering. You may obtain these documents free of charge by visiting the SEC's website at http://www.sec.gov. Alternatively, the Issuer will arrange to send to you the prospectus (as supplemented by the prospectus supplement) if you request it by calling the Issuer's agent toll-free at 1-877-369-5412.

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.