Every 424B that Bank of Nova Scotia (BNS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow BNS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BNS filings page.
The Bank of Nova Scotia (BNS) is offering Trigger Autocallable GEARS, senior unsecured notes linked to an unequally weighted basket of five equity indices (EURO STOXX 50, Nikkei 225, FTSE 100, SMI, S&P/ASX 200). Key economic terms shown on the cover: $10 principal per Security, call return 15.00%, autocall if basket ≥ initial level, upside gearing 1.654–1.854, and downside threshold 75.00% of initial. Trade and settlement are expected in June 2026, observation date June 21, 2027, and final valuation/maturity in June 2031. Payments at call or maturity depend on basket performance and are subject to BNS credit risk; principal can be partially or fully lost.
The Bank of Nova Scotia is offering Autocallable Contingent Buffered Return Enhanced Notes linked to an equally weighted 8-stock basket due June 8, 2028. The notes pay no interest, have a $230 (23.00%) call premium if autocalled on the Review Date, a 125.00% participation rate for positive basket performance at maturity, and a 10.00% buffer (90.00% buffer value) that limits losses up to 90.00% of principal if the Final Basket Value falls below the buffer. Minimum investment is $1,000. All payments depend on the Bank’s creditworthiness.
The Bank of Nova Scotia is offering $1,330,000 in Autocallable Review Notes linked to the Russell 2000® Index due June 1, 2029. The Notes are unsecured senior obligations of the Bank, pay no coupons, and may be automatically called on scheduled Observation Dates for specified cash amounts per Note.
The Notes have a $1,000 principal per Note, an Original Issue Price of 100%, an initial estimated value of $966.33 per $1,000 Principal Amount, and expose holders to the Bank’s credit risk and to full downside of the Reference Asset if not called.
The Bank of Nova Scotia is offering Trigger Autocallable GEARS linked to the Nikkei 225® Index with a term of approximately five years and final maturity on June 16, 2031.
Each Security has a principal amount of $10.00 (minimum investment $1,000). Key economic terms set on the trade date include a call return rate of 20.00%, upside gearing in the range 1.603–1.803, and a downside threshold equal to 75.00% of the initial level. Observation, valuation and settlement dates are specified, including an observation date of June 21, 2027 and a final valuation date of June 12, 2031.
The securities pay no interest, may be automatically called if the index on the observation date is at or above the autocall barrier, and at maturity provide leveraged upside or contingent repayment of principal subject to the issuer’s creditworthiness. BNS’s initial estimated value is stated as $9.27–$9.57 per Security; the issue price will exceed that estimate. The Offering Documents govern final terms and are required to be delivered in final form.
The Bank of Nova Scotia is offering senior, equity-linked senior notes (face amount $1,000 each) linked to the common stock of Eli Lilly and Company with a stated maturity of June 1, 2029. The securities provide 150% upside participation in the Underlying Stock up to a maximum return of 91.00% ($910), yielding a maximum maturity payment of $1,910 per security. If the ending price is at or below 70% of the starting price (threshold price $773.50), investors bear full downside and may lose more than 30% or all of the face amount. The original offering price is $1,000 and the Bank's estimated value on the pricing date was $956.81. Payments are unsecured obligations of the Bank and carry its credit risk; no periodic interest or dividends are paid. The issue date is June 3, 2026 and the calculation day is scheduled for May 29, 2029, subject to postponement.
The Bank of Nova Scotia is offering $1,045,000 of Autocallable Review Notes linked to the S&P 500® Index due June 1, 2029. The notes pay no periodic interest and will be automatically called if the S&P 500 Closing Value on any Observation Date is at least 100.00% of the Initial Value, producing fixed cash Call Payment Amounts of $1,096.50, $1,193.00 or $1,289.50 per note on the related Call Payment Dates. If not called, the Maturity Payment equals $1,000 plus $1,000 times the Reference Asset Return; holders bear full downside to the Final Value and may lose up to 100% of principal. Trade Date was May 29, 2026, Original Issue Date June 3, 2026. The Bank’s initial estimated value per $1,000 note was $967.34, below the Original Issue Price of $1,000. All payments are subject to the Bank’s credit risk.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes with Memory Coupon linked to the least performing common stock of Broadcom (AVGO), Meta (META) and Microsoft (MSFT). The notes have a $1,000 Principal Amount per note, aggregate original issue amount of $2,782,000, Trade Date May 29, 2026, Original Issue Date June 3, 2026 and maturity on June 1, 2029. You may receive a Contingent Coupon of $15.00 per note (18.00% per annum) on specified observation/payment dates if each reference asset meets its Contingent Coupon Barrier Value. The notes are unsecured obligations of the Bank and payments depend on the Bank’s creditworthiness. If not called, the Payment at Maturity is tied solely to the Least Performing Reference Asset versus its Barrier Value (60.00% of Initial Value), and investors may lose up to 100% of principal.
The Bank of Nova Scotia (BNS) is offering Buffered Contingent Income Auto-Callable Securities with Memory Coupon and Downside Leverage due June 4, 2027, linked to shares of the Invesco QQQ Trust, Series 1. Each security has a stated principal amount of $1,000.00 and an initial contingent monthly coupon of $12.30 (equivalent to 14.76% per annum) payable only when the underlying share closing price on a determination date is at or above the downside threshold price. The strike date is May 29, 2026, the pricing date is June 1, 2026, and original issue date is June 4, 2026.
If a determination date (other than the final date) has the underlying share closing price at or above the call threshold ($738.31), the securities will auto-redeem and pay the stated principal plus applicable contingent coupons. If the securities are outstanding to maturity and the final share price is below the downside threshold ($664.479, equal to 90% of the initial share price), investors receive a cash value calculated using an exchange ratio and may lose approximately 1.1111% of principal for every 1% the final share price falls below the downside threshold.
The Bank of Nova Scotia priced $1,490,000 of Autocallable Barrier Review Notes linked to the Least Performing Reference Asset of the Nasdaq-100, Russell 2000 and S&P 500, maturing June 3, 2031. The notes pay no coupon and may be automatically called on scheduled Observation Dates for predefined Call Payment Amounts tied to a 15.40% Call Return Rate per term. If not called, investors receive principal at maturity only if each Reference Asset’s Final Value is at or above a 70.00% Barrier Value; otherwise payment at maturity is reduced in proportion to the negative return of the Least Performing Reference Asset, risking up to a 100% loss of principal.
The Strike Date was May 27, 2026, Trade Date May 29, 2026 and settlement/Original Issue Date is June 3, 2026. The Original Issue Price was 100% ($1,000 per note) and the Bank’s initial estimated value was $978.83 per $1,000 Principal Amount. All payments are unsecured obligations of the Bank and subject to its credit risk.
The Bank of Nova Scotia offers Buffered Index-Linked Notes linked to the S&P 500® Index due October 5, 2027. The notes have a $1,000 principal amount per note, expected trade date of June 30, 2026, original issue price of 100%, and a buffer equal to 10.00% of the initial level.
The notes provide upside participation capped at a 13.00% increase (maximum upside payment expected to be at least $1,130.00 per $1,000) and, at maturity, convert negative returns up to the buffer into positive payoffs (absolute return up to the buffer). If the reference asset declines by more than the buffer, holders suffer losses equal to the negative reference asset return in excess of 10.00%, up to a 90.00% loss of principal. Payments are unsubordinated unsecured obligations of the Bank and are subject to the Bank's credit risk. Terms are subject to completion and the initial estimated value is shown as $925.00–$965.00 per $1,000 principal amount.
The Bank of Nova Scotia is offering Autocallable Digital Trigger Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index with a $1,000 principal amount per note. The notes mature on July 5, 2029 (expected) and may be automatically called on June 29, 2027 (expected) if both reference assets are at or above their initial levels. On an automatic call investors would receive $1,000 plus a call premium (expected to be at least 9.00%). If not called, maturity payout depends on the least performing reference asset: a positive return (minimum $1,400.00 per $1,000) if all final levels are >= initial levels; return of principal if all final levels are >= 85.00% of initial levels; otherwise a loss pro rata to the least performing reference asset, potentially up to 100% of principal. Initial estimated value on the trade date is expected between $925.00 and $965.00 per $1,000. All payments are subject to the Bank’s credit risk; the notes are unsecured, non‑interest bearing and will not be listed.
The Bank of Nova Scotia is offering Autocallable Trigger Notes linked to the least performing of the Nasdaq-100 Index and the Russell 2000 Index. The notes have a $1,000 principal amount per note, an expected trade date of June 29, 2026, an expected call observation date of June 29, 2027 and an expected maturity date of July 5, 2028. The notes pay no interest, are callable if each reference asset is at or above its initial level on the call observation date (call premium expected to be at least 12.80%) and otherwise pay at maturity based on the least performing reference asset with a 250.00% participation rate on positive performance and a 75.00% trigger level for principal protection. Any payment is subject to the Bank’s creditworthiness.
The Bank of Nova Scotia is offering Capped Buffered Index-Linked Notes linked to the least performing of the Russell 2000® and the S&P 500®, maturing on January 3, 2028.
The notes pay no interest and return at maturity depends on the least performing reference asset measured from the trade date (expected June 29, 2026) to the valuation date (expected December 29, 2027). Key economic terms: a 120.00% participation rate, a 10.00% buffer (buffer level = 90.00% of initial level), and a maximum upside payment expected to be at least $1,215.00 per $1,000 principal. Investors may lose up to 90.00% of principal if the least performing reference asset declines more than the buffer. The Bank’s initial estimated value range on the trade date is $925.00–$965.00 per $1,000 principal; original issue price is 100.00%. Payments are subject to the Bank’s credit risk and there may be limited secondary market liquidity.
The Bank of Nova Scotia is offering Capped Buffered Enhanced Participation Notes linked to the Russell 2000® Index with expected trade date June 30, 2026 and expected maturity April 4, 2028.
The notes pay no interest and provide 150.00% participation in positive index performance up to a capped $1,257.50 per $1,000 principal (expected minimum cap). A 10.00% buffer protects against declines up to that amount; losses beyond the buffer expose holders to downside equal to the index decline in excess of 10.00% (up to a 90.00% loss of principal). Payments depend on the Bank’s creditworthiness, the final index level on the valuation date (expected March 30, 2028), and other stated terms.
The Bank of Nova Scotia is offering Capped Buffered Enhanced Participation Notes linked to the Russell 2000® Index with expected trade date June 29, 2026 and expected maturity April 3, 2028. The notes pay no interest; maturity payment depends on the index return from the initial level to the valuation date.
The notes provide a 150.00% participation rate on positive index returns, subject to a capped maximum payment amount expected to be at least $1,215.00 per $1,000. A 10.00% buffer protects the principal only at maturity; if the final level falls by more than 10.00%, investors absorb losses dollar-for-dollar beyond the buffer and may lose up to 90.00% of principal. The Banks initial estimated value is expected to be between $925.00 and $965.00 per $1,000 and the original issue price is 100%. Payments are unsecured and subject to the Banks credit risk; secondary market liquidity is limited.
The Bank of Nova Scotia offers digital notes linked to the least performing of the Russell 2000 4 Index and the S&P 500 4 Index maturing in 2028. Each note has a $1,000 principal amount and will pay at maturity either a threshold settlement amount expected to be at least $1,130.00 per $1,000 or $1,000, depending on whether the final level of each reference asset is greater than or equal to its initial level.
The notes do not bear interest, have an expected trade date of June 30, 2026, an expected valuation date of June 30, 2028 and an expected maturity of July 6, 2028. The initial estimated value range on the trade date is stated as $925.00 to $965.00 per $1,000, which is less than the original issue price of 100%. Payments are subject to the Bank s credit risk and the notes will not be listed on an exchange.
The Bank of Nova Scotia is offering market-linked senior notes (face amount $1,000 each) that are auto-callable and linked to the lowest performing of the Nasdaq-100, Russell 2000 and S&P 500. If called on the first call date, investors receive the face amount plus a 21.50% call premium. If not called, maturity payments depend solely on the lowest performing Index: 150% upside participation if the ending level is above the starting level; full downside exposure (losses greater than 25%, possibly to 100%) if the ending level falls below 75% of the starting level. Payments are unsecured and subject to the Bank's credit risk. The pricing date is June 30, 2026 and the issue date is July 6, 2026; stated maturity is July 6, 2029. The Bank's estimated value at pricing is between $932.22 and $962.22 per security; the original offering price is $1,000 with agents' discounts and hedging costs reflected in the premium.
The Bank of Nova Scotia is offering senior, equity index‑linked, auto‑callable notes with contingent downside principal at risk linked to the lowest performing of the S&P 500®, Russell 2000® and Dow Jones Industrial Average®. Each security has a $1,000 face amount and no periodic interest; payments depend on the lowest performing Index on scheduled call dates (first automatic call earliest July 6, 2027) and on the final calculation day July 1, 2030. If the lowest performing Index is at or above its starting level on a call date, the notes will be automatically called and pay the face amount plus a fixed call premium (minimum 11.10% pa equivalent for the first call, determined on pricing date). If not called, and the lowest performing Index ends below its 75% threshold on the final calculation day, holders suffer 1:1 downside (potentially losing more than 25%, up to all of principal). The Bank estimates the securities' model value at between $929.18 and $959.18 per security versus the original offering price of $1,000. All payments are subject to the Bank's credit risk and the offering includes dealer discounts and hedging costs that may materially reduce any secondary market price.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the VanEck® Semiconductor ETF (SMH). Each note has a $1,000 principal amount and an expected maturity of October 5, 2027. The notes pay contingent quarterly coupons only if the reference asset closes at or above a coupon barrier of 70.00% of the initial price on observation dates; otherwise the coupon for that date is $0.
Notes are automatically called (redeemed) if on a call observation date the reference asset’s closing price is equal to or greater than the initial price; on an automatic call you receive $1,000 plus the contingent coupon then due. If not called, final repayment depends on the reference asset return: at maturity you receive $1,000 if the final price is ≥70.00% of the initial price, or $1,000 × (1 + reference asset return) if the final price is <70.00% of the initial price, exposing you to potential loss of principal.
The Bank of Nova Scotia is offering $5,215,000 of Trigger Autocallable Contingent Yield Notes with Memory Interest linked to the least performing of Alphabet Inc. Class C (GOOG), Nucor Corporation (NUE) and Occidental Petroleum Corporation (OXY). The Notes pay contingent quarterly coupons at a 15.10% per annum rate only if each underlying asset meets its coupon barrier on observation dates, feature an automatic call if all underlyings meet their initial levels on an observation date, and repay principal at maturity only if the least performing underlying is at or above its downside threshold (55.00% of initial level). The Notes have a trade date of May 27, 2026, settlement on May 29, 2026 and maturity on June 1, 2029. Investors bear both the market risk of the least performing underlying and BNS credit risk; initial estimated value was $9.49 per $10 Note and the Notes are offered at $10.00 per Note.
The Bank of Nova Scotia (BNS) is offering Capped Buffered Index-Linked Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, with expected trade date June 30, 2026, valuation date December 30, 2027 and maturity January 4, 2028.
The notes pay no interest and return at maturity is based on the least performing reference asset. The participation rate is 120.00%, the buffer level is 90.00% (buffer percentage 10.00%), and the maximum upside payment amount is expected to be at least $1,282.50 per $1,000 principal. Investors may lose up to 90.00% of principal; payments are subject to the Bank’s credit risk. The Bank’s initial estimated value range is $925.00–$965.00 per $1,000 principal and the original issue price is 100%.
The Bank of Nova Scotia is offering Autocallable Trigger Notes linked to the least performing of the Nasdaq-100 Index and the Russell 2000 Index. Each note has a $1,000 principal amount, will not bear interest, and is expected to have a trade date of June 30, 2026, an expected call observation date of June 30, 2027 and an expected maturity date of July 6, 2028. If both reference assets are at or above their initial levels on the call observation date, notes are automatically called and pay principal plus a call premium (expected to be at least 16.25%). If not called, maturity payoffs depend on the least performing reference asset: a 250.00% participation rate applies to positive returns, full principal is returned if each final level is >= 75.00% of its initial level, and losses equal the percentage decline of the least performing reference asset (up to a 100% loss). Payments are subject to the Bank’s creditworthiness and the initial estimated value range is $925.00 to $965.00 per $1,000 principal amount.
The Bank of Nova Scotia is offering senior, unsecured equity-linked securities linked to the lowest performing share of Home Depot, Eli Lilly and Microsoft. Each security has a $1,000 face amount and was priced on May 27, 2026 for issue on June 1, 2026. The securities are auto-callable on June 1, 2027 for a 40.00% call premium (equal to $400 per security) if the lowest performing underlying stock closes at or above 90% of its starting price. If not called, maturity on June 1, 2029 pays: (a) $1,000 plus 250% of the percentage gain of the lowest performing stock if that stock ends above its starting price; (b) $1,000 if the lowest performing stock ends down but within the 20% buffer; or (c) less than $1,000 with 1-to-1 downside beyond the buffer, with possible loss of up to 80% of face amount. All payments are subject to the Bank’s credit risk.
The Bank of Nova Scotia is offering $8,296,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Russell 2000® Index and the EURO STOXX 50® Index. The Notes pay a 8.50% per annum contingent coupon if, on quarterly observation dates (callable after six months), the closing level of each underlying asset is at or above its coupon barrier; otherwise no coupon is paid.
If any observation date on or before the final valuation date meets the initial-level call condition, the Notes will be automatically called and holders receive principal plus the contingent coupon then due. If not called, maturity payment equals $10 per Note when each final level is at or above its downside threshold; otherwise repayment at maturity is reduced pro rata based on the percentage decline of the least performing underlying asset, potentially resulting in a complete loss. Key dates: trade May 28, 2026, settlement May 29, 2026, final valuation May 28, 2031, maturity June 2, 2031.
The Bank of Nova Scotia is offering Capped Buffered Return Enhanced Notes linked to Micron Technology common stock. Each Note has a $1,000 Principal Amount, a 200.00% Participation Rate and a Buffer Amount of 20.00%. If the Reference Asset Return is positive, investors receive 200.00% of that return subject to a Maximum Return (stated as at least 82.50% and to be set on the Trade Date). If the Final Value is between the Initial Value and the Buffer Value (80.00% of Initial Value), investors receive principal; below the Buffer Value they suffer losses of 1% per 1% decline beyond the Buffer Amount, up to an 80.00% principal loss. Trade Date is expected to be June 3, 2026, Original Issue Date June 8, 2026, Final Valuation Date August 3, 2027 and Maturity August 6, 2027. All payments are subject to the Bank’s credit risk; the Bank’s initial estimated value range was $929.13–$959.13 per $1,000 Note.
The Bank of Nova Scotia (BNS) is offering Contingent Income Auto-Callable Securities due on or about June 8, 2028. Each note has a $1,000 stated principal amount and a contingent quarterly coupon of $25.25 (10.10% per annum) payable only if the closing price of each underlying stock equals or exceeds 50.00% of its initial share price on specified determination dates. The securities reference the common stocks of Amazon.com, Inc., Alphabet Inc. (Class A) and Microsoft Corporation and pay at maturity either principal plus any earned coupons or, if the worst-performing underlying stock falls below 50.00% of its initial share price, a cash amount equal to the stated principal plus the stated principal multiplied by the underlying return of the worst-performing stock (which could be less than 50.00% of principal and could be zero). The securities are senior unsecured obligations of BNS, are subject to BNS credit risk, have limited liquidity, will not be listed, and include an automatic early‑redemption (autocall) feature if all underlyings meet 100.00% call thresholds on a determination date. Terms, estimated value range ($928.61–$958.61 on the pricing date) and distribution fees are disclosed in the pricing supplement.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes with Memory Coupon linked to the Class A common stock of Alphabet Inc.
The Notes have a $1,000 Principal Amount per note, an Original Issue Price of 100%, an initial estimated value range of $948.99–$978.99 per $1,000, and a term of approximately 18 months if not automatically called. Contingent Coupons of at least $28.25 per Note (equal to 11.30% per annum) may be paid on specified observation dates if the Reference Asset meets the Contingent Coupon Barrier. The Notes will be automatically called if the Reference Asset closes at or above its Initial Value on any Call Observation Date. If not called and the Final Value is below the Barrier Value (65.00% of the Initial Value), investors bear full downside and may lose up to 100% of principal. Payments are unsecured obligations of the Bank and subject to its credit risk.
The Bank of Nova Scotia (BNS) is offering Auto-Callable Trigger PLUS notes linked to the S&P 500® Index due on or about July 6, 2028. Each note has a $1,000.00 stated principal and an issue price of $1,000.00; the pricing date is June 16, 2026.
The notes pay no periodic interest, may be automatically redeemed for an early redemption payment of $1,100.10 if the index closing value meets or exceeds the initial index value on the first determination date, and otherwise provide a maturity payoff that (a) pays $1,000.00 plus 125.00% of upside if the final index value is above the initial index value, (b) returns $1,000.00 if the final index value is between the trigger level and the initial index value, or (c) suffers a 1:1 loss versus the index below the trigger level (trigger = 80.00% of initial index value), with potential loss of up to the entire investment. All payments are subject to the credit risk of BNS.
The Bank of Nova Scotia is offering $8,513,950 of Trigger Autocallable GEARS linked to the common stock of ASML Holding N.V.. The notes have a three-year term unless automatically called, a call return rate of 24.25% on the observation date and an upside gearing of 2.00 at maturity. If the observation date closing level is at or above the initial level of $1,605.77, the securities will be automatically called and pay a call price of $12.425 per $10 principal. If not called, maturity payments depend on the underlying return and a downside threshold of $1,043.75 (65.00% of the initial level); a final level below that threshold can produce losses up to the full principal. All payments are subject to BNS credit risk and limited secondary-market liquidity.
The Bank of Nova Scotia priced a series of senior, unsecured equity-linked notes on May 27, 2026 with an issue date of June 1, 2026 and a face amount of $1,000 per security. The securities pay a contingent coupon of 24.65% per annum (monthly) if the lowest performing underlying stock on each calculation day is at or above its coupon threshold (45% of its starting price). The notes are auto-callable monthly from November 2026 through April 2029 if the lowest performing underlying closes at or above its starting price; if not called, maturity depends on the lowest performing underlying on the final calculation day (May 29, 2029). If the lowest performing underlying’s ending price is below its downside threshold (45% of starting price), holders can lose more than 55% of principal. The Bank estimated the securities’ value on the pricing date at $933.64 per security and sold them at $1,000 per security (agent discount and distribution fees disclosed). All payments are subject to the Bank’s credit risk and the securities are designed to be held to maturity.
The Bank of Nova Scotia (BNS) is offering Auto-Callable Dual Directional Trigger PLUS linked to ServiceNow, Inc. common stock. Each Trigger PLUS has a stated principal amount of $1,000.00, a pricing date of June 16, 2026, an original issue date of June 22, 2026, and a maturity date of July 6, 2028 (approximately 24 months).
The notes pay no interest and are subject to BNS credit risk. They are auto‑callable: an early redemption will occur if the closing price on the determination date prior to the final determination date is >= the initial share price, producing an early redemption payment of $1,391.10 per Trigger PLUS. At maturity, if not redeemed, payoffs vary: upside with a 150.00% leverage factor when final share price > initial share price; an absolute return (capped at +35.00%) if final share price ≤ initial but ≥ trigger price; or full downside exposure below the trigger price (65.00% of initial), potentially losing up to the entire investment.
The Bank of Nova Scotia (BNS) is offering Contingent Income Auto-Callable Securities due on or about June 8, 2029, linked to the American depositary receipts of Arm Holdings plc. Each security has a stated principal amount of $1,000.00 and an issue price of $1,000.00.
The securities pay a contingent quarterly coupon of $66.50 (equivalent to 26.60% per annum) on a determination date only if the closing price of the underlying is at or above the downside threshold (50.00% of the initial share price). The notes are auto-callable if the underlying equals or exceeds the call threshold (100.00% of the initial share price) on a determination date; early redemption returns principal plus the applicable coupon(s).
If the final share price is below the downside threshold, the maturity payment will be the stated principal multiplied by the share performance factor and could be less than 50.00% of principal or zero. All payments are subject to BNS credit risk and the securities are not insured.
The Bank of Nova Scotia is offering $1,100,000,000 of 4.578% Fixed-to-Floating Rate Senior Medium-Term Notes due June 5, 2029 and $1,000,000,000 of 4.904% Fixed-to-Floating Rate Senior Medium-Term Notes due June 5, 2032. The notes pay fixed interest semi‑annually until the respective floating-rate periods and then pay Compounded SOFR plus spreads of 0.660% (2029 notes) and 0.970% (2032 notes). The offering price is 100.000% of principal; underwriting fees are 0.150% (2029) and 0.350% (2032), yielding net proceeds of $1,098,350,000 and $996,500,000, respectively. The notes are unsecured, unsubordinated, not listed, and are bail‑inable under the CDIC Act; all payments remain subject to the Bank’s credit risk.
The Bank of Nova Scotia priced a market-linked senior note offering: equity-linked, auto-callable securities linked to the lowest performing of Amazon.com, Inc., Alphabet Inc. (Class A) and Meta Platforms, Inc., with a stated maturity of June 22, 2029.
The securities have a face amount of $1,000 per security, an initial offering price of $1,000, an estimated bank value between $881.25 and $911.25, an automatic call observation on or about June 22, 2027 with a call premium of at least 26.40% ($264.00), and an upside participation rate of 300%. If not called, payoff depends solely on the lowest performing Underlying Stock: capped positive return (absolute-value feature) if decline is <= 40% (threshold = 60% of start), or full downside exposure if decline exceeds 40%. The offering includes distribution discounts and fees (agent discount up to $25.75, selling concession up to $20.00) and all payments are subject to the Bank's credit risk.
The Bank of Nova Scotia is offering Capped Trigger GEARS linked to the Russell 2000® Index with a total principal amount of $6,384,600. Each Security has a $10 principal amount, a term of approximately four years and matures on May 31, 2030. At maturity the payment depends on the underlying return of the Russell 2000® Index from the initial level (2,919.942) to the final level and the downside threshold (2,189.957, 75.00% of the initial level).
If the underlying return is positive the holder receives principal plus the lesser of (a) underlying return × upside gearing (2.00) and (b) the maximum gain (58.07%). If the final level is below the downside threshold, holders suffer a loss equal to the underlying return and could lose their entire investment. Payments are subject to BNS creditworthiness and limited liquidity; BNS estimated initial value was $9.67 per Security.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes due March 2, 2028 linked to the least performing of the iShares® MSCI EAFE ETF, the Nasdaq-100 Index® and the Russell 2000® Index.
The Notes pay a contingent coupon of $31.40 per note (equal to 12.56% per annum) on specified observation/payment dates if each Reference Asset meets its Contingent Coupon Barrier Value. The Notes may be automatically called on any Call Observation Date if each Reference Asset closes at or above its Initial Value; otherwise the payment at maturity is determined solely by the performance of the Least Performing Reference Asset versus its Barrier Value, exposing investors to up to 100% principal loss and subjecting all payments to the Bank's credit risk.
The Bank of Nova Scotia offers Autocallable Contingent Coupon Notes linked to International Paper Company common stock. The Notes have a Principal Amount of $1,000 per Note, an Original Issue Price of 100% and a term of approximately 2 years (Trade Date May 29, 2026, Original Issue Date/settlement June 3, 2026, Final Valuation Date May 30, 2028, Maturity June 2, 2028). The Notes pay Contingent Coupons of at least $31.25 per Note (equal to 12.50% per annum) when the Reference Asset meets the Contingent Coupon Barrier Value on specified observation dates, are automatically called if the Reference Asset closes at or above the Initial Value on any Call Observation Date, and return either principal in cash at maturity if the Final Value is at or above a Barrier Value equal to 50.00% of the Initial Value, or deliver a Physical Delivery Amount of International Paper shares if the Final Value is below that Barrier. The Bank’s initial estimated value range at pricing is $926.59 to $956.59 per $1,000 Principal Amount. Payments depend on the Bank’s creditworthiness; holders may lose up to 100.00% of principal and Contingent Coupons are not guaranteed.
The Bank of Nova Scotia (BNS) is offering $17,411,900 of Trigger Step Securities due May 29, 2031. These are senior, unsecured notes linked to the least performing of the S&P 500® and EURO STOXX 50® indices. At maturity the payment depends on whether each index’s final level is at or above its step barrier or at or above a downside threshold. If both final levels meet or exceed their step barriers, investors receive $10 × (1 + the greater of the 65.15% step return or the least performing underlying return). If any final level is below the downside threshold (75% of the initial level), principal can be lost, possibly in full. The initial estimated value at pricing was $9.14 per $10 principal; minimum purchase is 100 Securities ($1,000). Payments are subject to BNS credit risk and the securities likely have limited secondary-market liquidity.
The Bank of Nova Scotia is offering Autocallable Barrier Review Notes linked to the least performing asset of the Nasdaq-100, Russell 2000 and S&P 500. Each Note has a $1,000 Principal Amount and a 5‑year term if not automatically called.
The Notes pay no coupons; they are automatically called on scheduled Observation Dates if each Reference Asset is ≥100% of its Initial Value, with Call Payment Amounts based on a 15.40% Call Return Rate. If not called and the Final Value of every Reference Asset is ≥70% of its Initial Value, investors receive $1,000. If any Reference Asset closes below 70% at maturity, payment is reduced based on the negative return of the Least Performing Reference Asset, possibly resulting in a loss of up to 100% of principal. Payments are unsecured and subject to the Bank’s credit risk.
The Bank of Nova Scotia priced Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside Principal at Risk linked to the lowest performing common stock of Dell, Marvell and Palantir. $1,000 face amount; issue date June 1, 2026; stated maturity June 1, 2029.
Monthly contingent coupons at a 23.05% per annum rate are paid only if the lowest performing Underlying Stock on each calculation day is ≥ its coupon threshold (45% of starting price). Automatic call can occur on monthly observation dates beginning November 2026. If not called, principal at maturity depends on the lowest performing Underlying Stock: full face amount only if that stock's ending price ≥ 45% of its starting price; otherwise the maturity payment equals $1,000 × performance factor, exposing investors to losses exceeding 55% (possible total loss). The Bank's estimated value at pricing was $925.41 per security. All payments are subject to the Bank's credit risk.
The Bank of Nova Scotia is offering $15,357,600 of Trigger Autocallable GEARS linked to the S&P 500® Index. The notes pay no interest, may be automatically called on the observation date June 3, 2027 for a 9.00% call return ($10.90 per $10 Security), and mature on May 29, 2031. If not called, maturity payoff depends on the underlying return multiplied by an upside gearing of 1.40, with a downside threshold equal to 75.00% of the initial level (initial level 7,520.36; downside threshold 5,640.27). Investors face full credit exposure to BNS and may lose a significant portion or all principal if the final level is below the downside threshold. Secondary market liquidity is limited and estimated initial value ($9.703) is below the issue price ($10.00).
The Bank of Nova Scotia is offering senior, unsecured, auto-callable, equity index linked securities due May 31, 2030 linked to the lowest performing of the S&P 500® and Russell 2000®. The securities pay a quarterly contingent coupon of 7.45% per annum only if the lowest performing Index on each calculation day is at or above 70% of its starting level. The securities may be automatically called on quarterly calculation days from November 2026 to February 2030 if the lowest performing Index is at or above its starting level; if called you receive the face amount plus a final contingent coupon. If not called, repayment at maturity depends on the lowest performing Index on the final calculation day: if below the downside threshold (equal to 70% of starting level) you can lose more than 30% of principal. The original offering price is $1,000 per security and the Bank's estimated value at pricing was $955.40. All payments are subject to the Bank's credit risk and the securities are not insured.
The Bank of Nova Scotia (BNS) is offering Auto-Callable Dual Directional Trigger PLUS notes linked to the common stock of ServiceNow, Inc. The notes have a stated principal of $1,000.00 per Trigger PLUS, an issue price of $1,000.00, a pricing date of June 12, 2026, an original issue date of June 17, 2026 and a maturity date of July 6, 2028. The Trigger PLUS do not pay interest and are senior unsecured obligations of BNS subject to BNS credit risk. They are automatically redeemed for $1,391.10 per Trigger PLUS if the underlying stock's closing price on the determination date prior to the final determination date is greater than or equal to the initial share price. If not redeemed, payoff at maturity depends on the final share price: a leveraged upside (150.00% participation) if final > initial; an absolute positive return up to 35.00% if final ≤ initial but ≥ the trigger price (65.00% of initial); or a 1:1 downside exposure if final < trigger, potentially resulting in total loss.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes with Memory Coupon linked to the least performing common stock of Broadcom, Meta and Microsoft.
The Notes are senior, unsecured obligations with a $1,000 principal per Note, an Original Issue Price of 100%, an expected term of approximately three years if not called, and an initial estimated value range of $924.72–$954.72 per $1,000 Principal Amount. Contingent Coupons (the actual coupon to be set on the Trade Date) are payable only if the Closing Value of each Reference Asset meets or exceeds its Contingent Coupon Barrier Value on scheduled observation dates; unpaid coupons may carry forward but may be permanently lost if the Final Valuation Date conditions are not met. The Notes may be automatically called early if each Reference Asset closes at or above its Initial Value on a Call Observation Date, and the Payment at Maturity depends solely on the Least Performing Reference Asset relative to a Barrier equal to 60.00% of its Initial Value. All payments are subject to the Bank's credit risk and the Notes will not be listed on an exchange.
The Bank of Nova Scotia is offering senior, equity‑linked, auto‑callable notes (face amount $1,000 per security) linked to the lowest performing share of Alphabet Class A, Microsoft and NVIDIA. Pricing date is May 29, 2026 and issue date is June 3, 2026.
The notes pay no interest, may be automatically called after approximately one year for a call premium of at least 38.00% ($380), and, if not called, provide either (a) 200% upside participation if the lowest performing stock ends above its starting price, (b) an absolute value feature capped at 50% if the lowest performing stock declines up to 50%, or (c) full downside exposure (losses greater than 50%) if that stock falls below 50% of its starting price on the final calculation day (May 29, 2029), with stated maturity on June 1, 2029.
Original offering price is $1,000; the Bank's estimated value at pricing is between $895.99 and $925.99 per security. All payments are subject to the Bank's credit risk; secondary market liquidity may be limited.
The Bank of Nova Scotia is offering Auto-Callable Trigger PLUS market-linked notes linked to the S&P 500® Index, due on or about July 6, 2028, with an automatic early redemption feature and principal at risk. The notes have a $1,000.00 stated principal amount and were priced on June 12, 2026 with an original issue date of June 17, 2026.
The notes pay no periodic interest, can be automatically redeemed for an early redemption payment of $1,100.10 if the index closing value on the first determination date meets or exceeds the initial index value, and otherwise at maturity may pay: (i) principal plus a 125.00% leveraged upside if the final index value is above the initial index value; (ii) the stated principal if the final index value is between the trigger level (80.00%) and the initial index value; or (iii) an amount reduced 1% for each 1% the final index value falls below the initial index value, potentially resulting in total loss of principal. All payments are subject to the credit risk of BNS.
The Bank of Nova Scotia is offering Capped Buffered Enhanced Participation Notes linked to the S&P 500® Index due March 17, 2028. The aggregate original principal amount is $2,754,000 with an original issue price of 100% of principal. Each $1,000 note has an initial level of 7,473.47 (trade date closing level), a 150.00% participation rate, a 10.00% buffer (90.00% buffer level) and a capped maximum payment of $1,205.50 per $1,000 (cap on appreciation of 13.70%). If the final level is above the initial level, holders receive the principal plus participation up to the maximum payment amount. If the final level falls by up to 10.00%, principal is returned; declines beyond 10.00% expose holders to losses (approximately 1.1111% loss in principal per 1% drop below the buffer). Payments depend on the Bank’s creditworthiness and no periodic interest is paid.
The Bank of Nova Scotia is offering senior, unsecured, equity-linked securities with a $1,000 face amount per security that are auto-callable and linked to the lowest performing of the common stock of Advanced Micro Devices, Inc., Broadcom Inc. and Meta Platforms, Inc. If on any call date the lowest performing Underlying Stock closes at or above 85% of its starting price, the securities will be automatically called and pay the face amount plus a call premium. If not called, a 40% buffer applies: holders receive the face amount at maturity unless the lowest performing Underlying Stock declines by more than 40%, in which case investors have 1-to-1 downside beyond the buffer and may lose up to 60% of principal. Estimated value at pricing is shown as $915.87–$945.87 per security. The expected pricing date is May 29, 2026, issue date June 3, 2026, final calculation day May 29, 2029 and stated maturity June 1, 2029. All payments are subject to the Bank's credit risk; the offering price includes dealer spreads, commissions and projected hedging profits.
The Bank of Nova Scotia (BNS) priced $14,711,000 of Contingent Income Auto-Callable Securities due May 25, 2029. These are principal-at-risk senior notes linked to the ADRs of Taiwan Semiconductor Manufacturing Company Limited (TSM) that offer a contingent quarterly coupon of $28.00 per security (11.20% per annum) when the underlying closes at or above 50.00% of the initial share price on any determination date and may auto-redeem early if the underlying closes at or above the call threshold price. At maturity, if the final share price is below 50.00% of the initial share price, investors receive the stated principal multiplied by the share performance factor and may lose a significant portion or all of their principal. Payments are subject to BNS credit risk; the initial estimated value on the pricing date was $962.30 per $1,000 stated principal amount and the issue price is $1,000.00.
The Bank of Nova Scotia (BNS) is offering $55,022,000 of Contingent Income Auto-Callable Securities due May 25, 2029, senior unsecured notes linked to the common stock of ServiceNow, Inc. (NOW). Each note has a stated principal amount of $1,000 and an issue price of $1,000.
The notes pay a contingent quarterly coupon of $43.90 (equivalent to 17.56% per annum) for any determination date on which ServiceNow's closing price is >= the downside threshold ($51.065, 50.00% of the initial share price). Notes auto‑redeem early if the closing price on a determination date (other than final) is >= the call threshold ($102.13). If the final share price is below the downside threshold, maturity payment equals the stated principal multiplied by the share performance factor (final/initial share price) and can be less than 50% of principal or zero. All payments are subject to BNS credit risk. The initial estimated value on the pricing date was $957.30 per $1,000 stated principal.