Bank Of Montreal /Can/ FWP Filing

FAQ

Key Financial Figures

• $1,000 — l be issued in minimum denominations of $1,000 and integral multiples of $1,000. &mi
• $994.50 — estimated initial value of the notes is $994.50 per $1,000 in principal amount. The est
• $945.00 — om this value but will not be less than $945.00 per $1,000 in principal amount. However
• $34.05 — ntingent Coupon, if payable, will equal $34.05 for each $1,000 in principal amount.

Filing Documents

• w46260fwp.htm (FWP) — 117KB
• bmologosm.jpg (GRAPHIC) — 12KB
• 0001214659-26-004343.txt ( ) — 135KB

From the Filing

981 Registration Statement No.333-285508 Filed Pursuant to Rule 433 Pricing Supplement to the Prospectus dated March 25, 2025, the Prospectus Supplement dated March 25, 2025 and the Product Supplement dated March 25, 2025 US$ [ ] Senior Medium-Term Notes, Series K Autocallable Barrier Notes with Memory Coupons due April 12, 2028 Linked to the common stock of NVIDIA Corporation · 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 of principal if the closing level of the common stock of NVIDIA Corporation (the “Reference Asset”) on any quarterly Observation Date beginning in October 2026 is greater than 100% of its Initial Level (the “Call Level”). Investors should be willing to have their notes automatically redeemed prior to maturity, be willing to forego any potential to participate in the appreciation of the Reference Asset and be willing to lose some or all of their principal at maturity. · The notes may pay Contingent Coupons at the Contingent Interest Rate of 3.405% per quarter (approximately 13.62% per annum) depending on the performance of the Reference Asset. If the closing level of the Reference Asset on the applicable quarterly Observation Date is greater than or equal to its Coupon Barrier Level, the notes will pay (i) a Contingent Coupon on the corresponding Contingent Coupon Payment Date and (ii) and previously unpaid Contingent Coupons in respect of any prior Observation Dates pursuant to the Memory Coupon Feature. If the closing level of the Reference Asset is less than its Coupon Barrier Level on an Observation Date, the notes will not pay the Contingent Coupon on the corresponding Contingent Coupon Payment Date. · Beginning on October 07, 2026, if on any Observation Date, the closing level of the Reference Asset is greater than its Call Level, the notes will be automatically redeemed. On the following Contingent Coupon Payment Date (the “Call Settlement Date"), investors will receive their principal amount plus the Contingent Coupon 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 the Final 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 the Valuation Date (a “Trigger Event”), as described below. · If the notes are not automatically redeemed and a Trigger Event has occurred, you will receive a delivery of shares of the Reference Asset (the “Physical Delivery Amount”) or, at our election, the cash equivalent (calculated as described below, the “Cash Delivery Amount”), which will be worth less than the principal amount. Specifically, the value of any Physical Delivery Amount or Cash Delivery Amount that you receive will decrease 1% for each 1% decrease in the level of the Reference Asset from its Initial Level to its Final Level. Any fractional shares included in the Physical Delivery Amount will be paid in cash. · Investing in the notes is not equivalent to a 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 Deposit Insurance Corporation Act (the “CDIC Act”). Terms of the Notes: 1 Pricing Date: April 07, 2026 Valuation Date: April 07, 2028 Settlement Date: April 10, 2026 Maturity Date: April 12, 2028 1 Expected. See “Key Terms of the Notes” below for additional details. Specific Terms of the Notes: Autocallable Number Reference Asset Ticker Symbol Initial Level Contingent Interest Rate Coupon Barrier Level Trigger Level CUSIP Principal Amount Price to Public 1 Agent’s Commission 1 Proceeds to Bank of Montreal 1 981 The common stock of NVIDIA Corporation NVDA [ ] 3.405% per quarter (approximately 13.62% per annum) [ ], 50.00% of its Initial Level [ ], 50.00% of its Initial Level 06370EFC7 [ ] 100% 0.00% [ ] 100.00% [ ] 1 We or one of our affiliates may also pay a referral fee to certain dealers in connection with the distribution of

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