WTIU Microsectors Energy 3x Leveraged ETN

 

Filed Pursuant to Rule 433

Registration Statement No. 333-264388

Bank of Montreal Market Linked Securities

 

Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside Principal at Risk Securities Linked to the Class A Common Stock of Robinhood Markets, Inc. due December 23, 2027 Term Sheet to Preliminary Pricing Supplement dated December 12, 2024

 

Summary of Terms			Hypothetical Payout Profile (maturity payment amount)
Issuer:	Bank of Montreal		If the securities are not automatically called prior to stated maturity 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 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 Underlier, but you will have full downside exposure to the Underlier if the ending value is less than the downside threshold value.   On the date of the accompanying preliminary pricing supplement, the estimated initial value of the securities is $961.70 per security. The estimated initial value of the securities at pricing may differ from this value but will not be less than $911.00 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/927971/000121465924020358/j1211241424b2.htm
Market Measure:	The Class A common stock of Robinhood Markets, Inc. (the “Underlier”).
Pricing Date*:	December 20, 2024
Issue Date*:	December 26, 2024
Face Amount and Original Offering Price:	$1,000 per security
Contingent Coupon Payments:	On each contingent coupon payment date, unless the securities have been automatically called, you will receive a contingent coupon payment at a per annum rate equal to the contingent coupon rate if the closing value of the Underlier on the related calculation day is greater than or equal to the coupon threshold value. Each “contingent coupon payment,” if any, will be calculated per security as follows: ($1,000 × contingent coupon rate)/4.
Contingent Coupon 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 Rate:	At least 23.00% per annum, to be determined on the pricing date
Automatic Call:	If the closing value of the Underlier on any of the calculation days scheduled to occur from June 2025 to September 2027, inclusive, is greater than or equal to the starting value, the securities will be automatically called, and on the related call settlement date, you will be entitled to receive a cash payment in U.S. dollars equal to the face amount plus a final contingent coupon payment
Call Settlement Date:	Three business days after the applicable calculation day
Calculation Days*:	The 20th day of each March, June, September and December, commencing in March 2025 and ending in September 2027, and December 20, 2027 (the “final calculation day”)
Maturity Payment Amount (per security):	If the securities are not automatically called prior to the stated maturity date: ·     if the ending value is greater than or equal to the downside threshold value: $1,000; or ·     if the ending value is less than the downside threshold value: $1,000 × performance factor
Stated Maturity Date*:	December 23, 2027
Performance Factor:	The ending value divided by the starting value (expressed as a percentage).
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
Coupon Threshold Value:	60% of the starting value
Downside Threshold Value:	60% of the starting value
Calculation Agent:	BMO Capital Markets Corp., an affiliate of the issuer
Denominations:	$1,000 and any integral multiple of $1,000
Agent Discount**:	Up to 2.325% for Wells Fargo Securities, LLC (“WFS”). Of that agent discount, Wells Fargo Advisors (“WFA”), may receive a selling concession of up to 1.75% and a distribution expense fee of up to 0.075%
CUSIP:	06376CKK1
Material Tax Consequences:	See the preliminary pricing supplement
*subject to change ** In addition, selected dealers may receive a fee of up to 0.35% for marketing and other services.

 

 

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.

 

 

 

 

 

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.

 

 

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