BNKD Stock, MicroSectors U.S. Big Banks Index -3X In Information

The investment seeks to provide a leveraged inverse return based on the performance of the Solactive Micro Sectors TM U.S. Big Banks Index. The notes are senior unsecured mediumterm notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index compounded daily less a Daily Investor Fee any negative Daily Interest and if applicable the Redemption Fee Amount. The index is an equaldollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount.