These senior, unsecured, medium-term notes, issued by Bank of Montreal, are designed to provide investors with a return equivalent to three times the daily performance of their underlying index, compounded daily. However, potential returns are reduced by an ongoing Daily Investor Fee, a Daily Financing Charge, and, if applicable, a Redemption Fee. The benchmark for these notes is an equally-weighted index comprising the ten U.S.-listed companies with the largest market capitalization within the energy and oil sector.

ConocoPhillips

Chevron Corporation

EOG Resources, Inc.

Hess Corporation

Marathon Petroleum Corporation

Occidental Petroleum Corporation

Phillips 66

Pioneer Natural Resources Company

Valero Energy Corporation

Exxon Mobil Corporation

Energy

MicroSectors U.S. Big Oil 3 Leveraged ETN

NRGU Holdings & Sector Breakdown

NRGU Holdings & Sector Breakdown