# EDGAR Filing Document

**Accession Number:** 0000927971
**File Stem:** 0001214659-23-001348
**Filing Date:** 2023-1
**Character Count:** 10841
**Document Hash:** d168f8139abf6b14f196ae4f194efb20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-23-001348.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001214659-23-001348

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**SUBJECT COMPANY**: 

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

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-264388
- **FILM NUMBER:** 23571131

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FIRST CANADIAN PLACE
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5X 1A1
- **BUSINESS PHONE:** 4168677191

**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]
- **IRS NUMBER:** 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:** 4168677191

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

---

| | |
|:---|:---|
| <br> **Bank of Montreal**<br> **Market Linked Securities** | Filed Pursuant to Rule 433<br> Registration Statement No. 333-264388<br>![](bmologosm.jpg) |

---

Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside<br> Principal at Risk Securities Linked to the Common Stock of Netflix, Inc. due January 23, 2026<br> Term Sheet to Preliminary Pricing Supplement No. ARC2749 dated January 30, 2023<br>

Summary of Terms

---

| | |
|:---|:---|
| Issuer: | Bank of Montreal |
| Market Measure: | Common Stock of Netflix, Inc. (the "<u>Underlying Stock</u>") |
| Pricing Date\*: | February 17, 2023 |
| Issue Date\*: | February 23, 2023 |
| Face Amount and<br> Original Offering<br> Price: | $1,000 per security |
| Contingent Coupon<br> Payments: | On each contingent coupon payment date, you will receive a contingent coupon payment at a per annum rate equal to the contingent coupon rate if, **and only if**, the stock closing price of the Underlying Stock on the related calculation day is greater than or equal to the threshold price. Each "<u>contingent coupon payment</u>," if any, will be calculated per security as follows: ($1,000 × contingent coupon rate)/4. |
| Contingent Coupon<br> Payment Dates: | Quarterly, on the third business day following each calculation day; provided that the contingent coupon payment date with respect to the final calculation day will be the stated maturity date. |
| Contingent Coupon<br> Rate: | At least 12.10% per annum, to be determined on the pricing date |
| Automatic Call: | If the stock closing price of the Underlying Stock on any of the calculation days from August 2023 to November 2025, inclusive, is greater than or equal to the starting price, the securities will be automatically called, and on the related call settlement date you will be entitled to receive a cash payment per security equal to the face amount plus a final contingent coupon payment. |
| Calculation Days\*: | Quarterly, on the 17<sup>th</sup> day of each February, May, August and November, commencing May 2023 and ending November 2025, and on February 17, 2026 (the "<u>final calculation day</u>") |
| Call Settlement Date: | Three business days after the applicable calculation day. |
| Maturity Payment<br> Amount (per security): | · if the ending price is greater than or equal to the threshold price: $1,000; or <br> · if the ending price is less than the threshold price: <br> $1,000 × performance factor |
| Stated Maturity Date\*: | February 20, 2026 |
| Starting Price: | The stock closing price of the Underlying Stock on the pricing date |
| Ending Price: | The stock closing price of the Underlying Stock on the final calculation day |
| Performance Factor: | The ending price divided by the starting price (expressed as a percentage) |
| Threshold Price: | 50% of the starting price |
| &nbsp;&nbsp;\*subject to change | &nbsp;&nbsp;\*subject to change |

---

Summary of Terms (continued)

---

| | |
|:---|:---|
| Calculation Agent: | BMO Capital Markets Corp. ("<u>BMOCM</u>"), an affiliate of the issuer |
| Denominations: | $1,000 and any integral multiple of $1,000 |
| Agent Discount\*\*: | Up to 2.125%; dealers, including those using the trade name Wells Fargo Advisors ("<u>WFA</u>"), may receive a selling concession of up to 1.50% and WFS may pay 0.075% of the agent's discount to WFA as a distribution expense fee |
| CUSIP: | 06374VLT1 |
| Material Tax Consequences: | See the preliminary pricing supplement. |

---

\*\* In addition, selected dealers may receive a fee of up to 0.10% for marketing and other services.

Hypothetical Payout Profile (maturity payment amount)

![](chart.jpg)

**If the securities are not automatically called prior to stated maturity and the ending price is less than the threshold price, you will lose more than 50%, and possibly all, of the face amount of your securities at stated maturity.**

**Any return on the securities will be limited to the sum of your contingent coupon payments, if any. You will not participate in any appreciation of the Underlying Stock, but you will have full downside exposure to the Underlying Stock if the ending price is less than the threshold price.**

On the date of the accompanying preliminary pricing supplement, the estimate

initial value of the securities is $958.60 per security. The estimated initial value of the securities on the pricing date may differ from this value but will not be less than $918.60 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: [https://www.sec.gov/Archives/edgar/data/927971/000121465923001289/p128230fwp.htm](http://www.sec.gov/Archives/edgar/data/927971/000121465923001289/p128230fwp.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 Terms And Structure Of The Securities</u> 

· If The Securities Are Not Automatically Called Prior To Stated Maturity,
You May Lose Some Or All Of The Face Amount Of Your Securities At Stated Maturity.

· The Securities Do Not Provide For Fixed Payments Of Interest And You May
Receive No Coupon Payments On One Or More Contingent Coupon Payment Dates, Or Even Throughout The Entire Term Of The Securities.

· You May Be Fully Exposed To The Decline In The Underlying Stock From The
Starting Price, But Will Not Participate In Any Positive Performance Of The Underlying Stock.

· Higher Contingent Coupon Rates 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.

· Significant Aspects Of The Tax Treatment Of The Securities Are Uncertain.

&nbsp;&nbsp;&nbsp;&nbsp;· A Contingent Coupon Payment Date, A Call Settlement Date And The Stated Maturity
Date May Be Postponed If A Calculation Day Is Postponed.

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

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

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

· 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.

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

· 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 Underlying Stock</u>

· The Securities Will Be Subject To Single Stock Risk.

· Any Payment Upon An Automatic Call Or At Stated Maturity Will Depend Upon
The Performance Of The Underlying Stock And Therefore The Securities Are Subject To A Variety Of Risks, Each As Discussed In More Detail
In The Accompanying Product Supplement.

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

· 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.