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 is offering senior, equity-linked notes linked to Eli Lilly common stock due June 1, 2029. Each security has a face amount and original offering price of $1,000. The notes provide 150% upside participation up to a maximum return of at least 91.00% (minimum maximum maturity payment of $1,910.00) and a threshold equal to 70% of the starting price below which holders suffer full downside exposure. The Bank estimated the securities' value at pricing between $921.32 and $951.32 per security. Payments are unsecured senior obligations of the Bank and subject to its credit risk; there are no periodic interest payments or dividends and the securities are designed to be held to maturity.
The Bank of Nova Scotia is offering market-linked, auto-callable senior notes linked to the common stock of SLB N.V. (SLB) with a face amount of $1,000 per security and a stated maturity of May 25, 2029. The securities pay a quarterly contingent coupon (memory feature) at a rate to be set on pricing date, which will be at least 10.20% per annum. The coupon is paid only if the Underlying Stock's closing price on a calculation day is >= the coupon threshold (60% of the starting price). The notes are auto-callable if the Underlying Stock closes at or above the starting price on any quarterly calculation day from August 2026 through February 2029; if called, holders receive face amount plus final coupon and any unpaid coupons. If not called, maturity payment depends on ending price relative to a downside threshold (60% of starting price): if ending price < downside threshold, investors suffer more than a 40% loss (maturity = $1,000 × performance factor). All payments are subject to the Bank's credit risk. The Bank's estimated value at pricing is $930.29–$960.29 per security; original offering price is $1,000. Purchases include dealer spreads and hedging profits; secondary market liquidity may be limited.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes linked to the common stock of Dutch Bros Inc. Each Note has a Principal Amount of $1,000, an Original Issue Price of 100%, and a term of approximately three years if not called early. The Notes pay contingent coupons only if the Reference Asset meets the Contingent Coupon Barrier on specified observation dates, have an Automatic Call feature tied to the Initial Value, and expose investors to the Bank’s credit risk and to full downside of the Reference Asset (the Barrier Value is 60.00% of the Initial Value). The Contingent Coupon is at least $49.50 per Note (equal to at least 19.80% per annum) as described. Trade Date is May 21, 2026 and Original Issue Date is May 27, 2026. The Bank’s initial estimated value range at pricing is $929.08 to $959.08 per $1,000. The Notes are senior, unsecured obligations of the Bank and are not insured or exchange-listed.
The Bank of Nova Scotia (BNS) is offering $31,585,000 of Contingent Income Auto-Callable Securities due May 18, 2029, linked to the common stock of Advanced Micro Devices, Inc. (AMD). Each note has a stated principal of $1,000.00 and offers a contingent quarterly coupon of $47.025 (18.81% per annum) if the underlying closing price on a determination date is at or above the downside threshold of $212.05 (50.00% of the initial share price). Notes are automatically redeemed early if AMD’s closing price on a non-final determination date meets or exceeds the call threshold of $424.10. 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), which can be less than 50.00% of principal and could be zero. Payments are subject to BNS credit risk and the securities are not listed on any exchange.
The Bank of Nova Scotia is offering Market Linked Securities — auto-callable, contingent downside principal-at-risk senior notes linked to the lowest performing of the common stocks of Amazon, Broadcom, Alphabet (Class A) and NVIDIA, maturing May 18, 2029. The original offering price is $1,000 per security and the Bank’s estimated value on the pricing date was $931.65 per security. The securities pay no interest and may be automatically called on sequential call dates if the lowest performing underlying closes at or above its call threshold (85% of its starting price), in which case holders receive face amount plus a fixed call premium. If not called, maturity payment depends on the lowest performing underlying on the final calculation day; a final stock ending below 60% of its starting price results in a proportional loss of principal. All payments are subject to the Bank’s credit risk.
The Bank of Nova Scotia (BNS) is offering $17,468,000 of Contingent Income Auto-Callable Securities due May 18, 2029, linked to the common stock of Spotify Technology S.A.. Each security has a stated principal amount of $1,000 and an issue price of $1,000.
The notes pay a contingent quarterly coupon of $28.50 (equivalent to 11.40% per annum) only if the closing price of Spotify on a determination date is at or above the downside threshold of $218.47 (50.00% of the initial share price). If a determination date meets the call threshold of $436.94, the securities auto‑redeem early for principal plus the coupon. If the final share price is below the downside threshold, repayment at maturity is the stated principal multiplied by the share performance factor and can be less than 50.00% of principal or zero. All payments are subject to BNS credit risk.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to Salesforce, Inc. stock due July 2, 2027. Each $1,000 note pays a contingent monthly coupon of $10.834 if the reference stock closes at or above a 58.00% coupon barrier on an observation date and may be automatically called if the stock closes at or above the initial price on specified call observation dates.
If not called, at maturity holders receive $1,000 if the final price is at or above 58.00% of the initial price, or a share delivery amount equal to $1,000 divided by the initial price if the final price is below 58.00%, in which case principal loss is possible. The notes are senior unsecured obligations of the Bank and are subject to the Bank’s credit risk. The Bank’s initial estimated value range is $925.00 to $955.00 per $1,000 principal amount.
The Bank of Nova Scotia is offering $21,778,000 of Contingent Income Auto-Callable Securities due May 18, 2029. These are senior unsecured notes tied to the common stock of Eli Lilly and Company that pay a contingent quarterly coupon of $30.50 (12.20% per annum) only if predetermined closing-price tests are met on specified determination dates. The notes are auto-callable if the underlying stock meets the call threshold on a determination date; otherwise final payment at maturity depends on the final share price and may be less than 70.00% of the stated principal amount, potentially resulting in a total loss of principal. All payments are subject to BNS credit risk, the issuer's internal valuation is lower than the issue price ($966 estimated value vs $1,000 issue price), and secondary-market liquidity may be limited.
The Bank of Nova Scotia (BNS) is offering $17,683,000 of Contingent Income Auto-Callable Securities due May 18, 2029 linked to the common stock of Broadcom Inc. Each note has a stated principal of $1,000 and offers a contingent quarterly coupon of $37.50 (15.00% per annum) if the underlying stock's closing price on a determination date is at or above the downside threshold of $255.114 (60.00% of the initial share price). Notes auto-redeem early if the closing price on a determination date meets or exceeds the call threshold of $425.19 (100.00% of the initial share price). If the final share price is below the downside threshold, maturity payment equals the stated principal multiplied by the share performance factor and may be less than 60.00% of principal or zero. The notes are senior unsecured obligations of BNS, are not listed, have limited liquidity, and are subject to BNS credit risk. The initial estimated value per note on the pricing date was $958.50, below the $1,000 issue price.
The Bank of Nova Scotia is offering $22,625,000 principal of Autocallable Buffered Notes linked to the shares of the iShares® Expanded Tech-Software Sector ETF (initial price $91.78). The notes mature on October 18, 2028 but may be automatically called on October 15, 2027 if the ETF closes at or above 80.00% of the initial price, producing a cash payment of principal plus a 15.60% call premium ($1,156.00 per $1,000) on the call payment date. If not called, maturity payoffs depend on the ETF's final price on the valuation date (October 16, 2028): holders receive the capped maximum payment ($1,312.00 per $1,000) if the final price is ≥80.00% of the initial price, or suffer amplified losses below that threshold (buffer percentage 20.00%, buffer rate 125.00%), up to a total loss of principal. Payments are unsecured obligations of the Bank and subject to its credit risk. The initial estimated value was $964.53 per $1,000; the original issue price is 100% with underwriting commissions of 1.81%.
The Bank of Nova Scotia (BNS) is offering $14,168,000 of Contingent Income Auto-Callable Securities due May 18, 2029 linked to the common stock of Meta Platforms, Inc. Each note has a stated principal of $1,000.00 and pays a contingent quarterly coupon of $30.40 (equivalent to 12.16% per annum) if the underlying closing price on a determination date is at or above the downside threshold of $429.961 (70.00% of the initial share price). The initial share price and call threshold are $614.23 (100.00%); if a determination date meets the call threshold the notes auto-redeem earlier for principal plus payable coupons. If the final share price is below the downside threshold, maturity payment equals the stated principal multiplied by the share performance factor, exposing investors on a 1-to-1 basis to downside and potentially producing a recovery below 70.00% or zero. Payments are subject to BNS credit risk and the securities are not listed, may have limited liquidity, and had an estimated value on the pricing date of $969.60 per note, which is less than the issue price.
The Bank of Nova Scotia (BNS) is offering $13,217,000 of Contingent Income Auto-Callable Securities due May 18, 2028 linked to the worst performing of AAPL, AMZN and GOOGL. Each security has a $1,000 stated principal amount and a contingent quarterly coupon of $26.025 (equivalent to 10.41% per annum) payable only if all three underlying stocks meet 50.00% threshold levels on scheduled determination dates. If not auto-redeemed, maturity pay‑out depends on the worst performing stock and can be less than 50.00% of principal and may be zero. All payments are subject to BNS credit risk and the securities are not listed on any exchange.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to NVIDIA Corporation. The offering totals $12,139,000 in aggregate principal, with a $1,000 principal amount per note. Trade date was May 15, 2026 and maturity is June 18, 2027. The initial price of the reference asset was $225.32.
Notes pay a monthly contingent coupon of $10.209 per $1,000 if the closing price on an observation date is >= the coupon barrier (60.00% of the initial price). Notes are automatically called on a call observation date (Nov 2026–May 2027) if the closing price is >= the initial price; an automatic call pays principal plus the contingent coupon. If not called and the final price is <60.00% of the initial price, holders receive a share delivery amount equal to $1,000 / $225.32 shares (cash for fractional shares) and will likely incur a substantial loss. The initial estimated value per $1,000 was $965.65, below the original issue price.
The Bank of Nova Scotia is offering $19,575,000 of Digital Notes linked to the EURO STOXX 50® Index due October 19, 2027. The notes pay no interest and the maturity payment per $1,000 principal depends on the index performance from the trade date May 15, 2026 to the valuation date October 15, 2027. If the final level is equal to or above 85.00% of the initial level (initial level 5,827.76), investors receive the capped payment of $1,117.50 per $1,000. If the final level is below that threshold, investors suffer a leveraged loss (buffer rate ~117.65%) and may lose up to 100.00% of principal. The pricing reflects an initial estimated value of $983.82 per $1,000 versus an original issue price of 100.00%.
The Bank of Nova Scotia is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of KRE (Regional Banking ETF) and SPY (S&P 500 ETF). The Notes have a $10 principal amount per Note, are callable quarterly (first callable after ~6 months), pay a contingent coupon only if both underlyings meet coupon barriers on observation dates, and repay principal at maturity only if the final levels meet downside thresholds; otherwise maturity repayment is reduced in proportion to the worst underlying return. Key dates include trade date May 20, 2026, settlement May 26, 2026, final valuation May 21, 2029 and maturity May 24, 2029. The contingent coupon rate range will be set on the trade date and is indicated at 10.00% to 10.50% per annum. The Notes expose holders to market risk of each underlying and to BNS credit risk; initial estimated value is stated between $9.242 and $9.542 per $10 principal.
The Bank of Nova Scotia offers $200,000 of Autocallable Review Notes linked to the Russell 2000® Index due May 23, 2029. The Notes are senior, unsecured obligations with a Principal Amount of $1,000 per Note and Original Issue Price of 100%. The Notes pay no periodic interest; they are automatically called if the Russell 2000® Closing Value on any Observation Date is equal to or greater than the Call Value of 2,775.102, producing scheduled Call Payment Amounts of $1,140.00 (May 27, 2027), $1,280.00 (May 23, 2028) and $1,420.00 (Maturity Date if called). If not called, the Maturity payment equals $1,000 + ($1,000 × Reference Asset Return), exposing holders to the Russell 2000®’s full downside (possible loss up to 100% of principal). The initial estimated value on the Trade Date was $978.93 per $1,000 Note; proceeds to the Bank equal $198,800.00 after underwriting discounts.
The Bank of Nova Scotia (BNS) offers Contingent Income Auto-Callable Securities due on or about May 25, 2029 linked to the worst-performing share of Apple, Amazon and Alphabet. Each note has a $1,000.00 stated principal amount and may pay a $38.775 contingent quarterly coupon (equivalent to 15.51% per annum) if all three stocks meet a 60.00% coupon threshold on a determination date. The notes may be auto-redeemed early if all reference stocks meet their 100% call thresholds on a determination date. If any final share price is below the 60.00% downside threshold, the maturity payment is reduced 1-to-1 by the worst-performing stock and could be as low as zero. All payments are subject to BNS credit risk. Pricing date: May 22, 2026; original issue date: May 28, 2026.
The Bank of Nova Scotia is pricing senior, equity-linked notes with a face amount of $1,000 per security that are linked to the lowest performing common stock of Advanced Micro Devices, Inc., Micron Technology, Inc. and NVIDIA Corporation. The notes are auto-callable on scheduled call dates beginning in May 26, 2027 and mature on May 24, 2029 if not called. Each Underlying Stock has a call threshold equal to 95% of its starting price and a threshold equal to 50% of its starting price (the buffer). If not called, holders may receive an absolute value return up to 50% or suffer up to a 50% loss of face amount depending on the lowest performing Underlying Stock on the final calculation day. The Bank's estimated value at pricing is between $910.04 and $940.04 per security; original offering price is $1,000 with an agent discount of $25.75, leaving proceeds of $974.25 per security.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to Meta Platforms, Inc. (META) with a $1,000 principal amount per note. The notes pay a contingent coupon of $8.417 per $1,000 (equal to 0.8417% monthly, or ~10.10% per annum) on any coupon payment date when the reference stock's closing price on the related observation date is at or above a 65.00% coupon barrier.
If a call observation date (November 2026–May 2027) has the closing price at or above the initial price, the notes will be automatically redeemed at $1,000 plus the contingent coupon. If not called and the final price is below the 65.00% trigger, holders receive a share delivery amount (quotient of $1,000 divided by the initial price) and may lose a substantial portion of principal. The notes mature on or about July 2, 2027, are unsecured obligations of the Bank, and are subject to the Bank’s credit risk. The Bank’s initial estimated value range at pricing is $925.00 to $955.00 per $1,000 principal amount.
The Bank of Nova Scotia is offering $1,769,000 of Autocallable Contingent Coupon Trigger Notes linked to NVIDIA Corporation stock maturing November 18, 2027. Each note has a $1,000 principal amount, an initial price per share of $235.74 and a coupon barrier/trigger set at 54.00% of the initial price.
The notes pay a contingent monthly coupon of $9.042 per $1,000 if the reference stock's closing price on an observation date is at or above the coupon barrier. They are automatically redeemed early if the stock closes at or above the initial price on a call observation date. If not called and the final price is below the trigger, holders receive a share-delivery amount (or cash for fractional shares) and may lose a substantial portion or all of their investment; payments are subject to the Bank’s creditworthiness.
The Bank of Nova Scotia is offering Capped Buffered Enhanced Participation Notes linked to the S&P 500® with an original issue amount of $3,404,000 and a principal amount of $1,000 per note. The notes mature on July 26, 2028 and pay at maturity based on the S&P 500® price return from the trade date May 14, 2026 to the valuation date July 24, 2028.
The notes provide 130.00% participation in positive index returns up to a capped maximum payment of $1,315.25 per $1,000. They offer a buffer that protects against declines up to 12.50%, but losses beyond that are amplified by a buffer rate of approximately 114.29%, potentially resulting in loss of principal. Payments depend on the Bank's creditworthiness; no interim payments or dividends are provided.
The Bank of Nova Scotia (BNS) is offering Contingent Income Auto-Callable Securities due on or about May 25, 2028 linked to the shares of the iShares® Bitcoin Trust ETF (IBIT). Each note has a stated principal amount of $1,000.00 and an issue price of $1,000.00 per security.
The securities pay a contingent quarterly coupon of $37.20 (equivalent to 14.88% per annum) only if the closing price of the underlying shares on a determination date is >= the downside threshold (60.00% of the initial share price). The notes are auto-callable prior to maturity if the closing price on a determination date is >= the call threshold (100.00% of the initial share price). If at maturity the final share price is below the downside threshold, the cash payment equals the stated principal multiplied by the share performance factor and may be less than 60.00% of principal or zero. All payments are subject to BNS credit risk.
The Bank of Nova Scotia (BNS) is offering senior, unsecured Trigger Step Securities linked to the least performing of the S&P 500® Index and the EURO STOXX 50® Index with an expected term of approximately five years. The securities have a principal amount of $10 per Security and a minimum purchase of 100 Securities.
At maturity the payout depends on the least performing underlying asset: if both underliers finish at or above their step barriers you receive $10 × (1 + the greater of the step return or the least performing underlying return); if any final level is below the downside threshold you may suffer a loss equal to the least performing underlying return. Payments (including any return of principal) are subject to BNS credit risk and the securities do not pay interest.
The Bank of Nova Scotia priced a series of senior, equity-linked notes (face amount $1,000 per security) on May 14, 2026 with an issue date of May 19, 2026 and a stated maturity of May 17, 2029. The notes are linked to the lowest performing stock of AMD, Micron and NVIDIA, are auto-callable on scheduled call dates with escalating call premiums beginning at 26.00% per annum, include a 45% buffer that caps positive maturity returns from certain declines at 45%, and expose holders to up to a 55% loss of face amount if the lowest performing stock falls below its threshold price on the final calculation day.
The Bank's estimated value at pricing was $912.21 per security and the original offering price was $1,000 per security. Agents purchased the issue for distribution; proceeds to the Bank were $974.25 per security after an agent discount of $25.75. 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 is offering $10,000,000 of Autocallable Contingent Coupon Buffer Notes with Memory Coupon linked to the shares of Invesco QQQ Trust, Series 1, maturing on May 20, 2027. The notes pay contingent $12.40 coupons when the Reference Asset closes at or above 90.00% of the Initial Value on specified Observation Dates and are automatically called if the Reference Asset closes at or above the Initial Value on any Observation Date. If not called, principal at maturity depends on the Reference Asset Return versus a 10.00% buffer: holders receive full principal if the Final Value is at least 90.00% of the Initial Value, but face leveraged downside (approximately 1.1111% loss per 1% below the buffer) and may lose up to 100% of principal. The Initial Value was $719.79, the Buffer/Barrier Value is $647.81, trade and pricing dates were in May 2026, and payments are subject to the Bank’s credit risk.
The Bank of Nova Scotia is offering $5,093,000 in Contingent Buffer Digital Notes linked to the VanEck® Gold Miners ETF, maturing on June 3, 2027.
The notes pay a fixed Digital Return of 20.89% if the Final Value is at least 85.00% of the Initial Value (Buffer Value). If the Final Value is below the Buffer Value, holders lose approximately 1.1765% of principal for each 1% drop beyond the 15.00% buffer, up to a 100% loss. Trade Date was May 15, 2026, settlement May 20, 2026. Principal is $1,000 per note; minimum investment $10,000. The Bank’s initial estimated value was $978.21 per $1,000 Principal Amount and the Original Issue Price is 100.00%.
The Bank of Nova Scotia is offering Autocallable Contingent Barrier Return Enhanced Notes due May 24, 2029, linked to the least performing share of META, MSFT and NFLX. The notes are senior, unsecured obligations and do not pay interest. They may be automatically called following the Review Date and, if not called, pay at maturity based on the Least Performing Reference Asset with a 300.00% Participation Rate. The Call Value for each Reference Asset is 90.00% of its Initial Value and the Barrier Value is 60.00% of its Initial Value. The notes have a minimum investment of $1,000, an Original Issue Price of 100.00% and an initial estimated value range of $886.37–$916.37 per $1,000 Principal Amount. All payments are subject to the Bank’s credit risk; the notes are not CDIC- or FDIC-insured.
The Bank of Nova Scotia priced $1,236,000 of Autocallable Contingent Coupon Buffer Notes with Memory Coupon linked to the common stock of Diamondback Energy, Inc. (the Reference Asset). The Notes have a Trade Date of May 15, 2026, an Original Issue Date of May 20, 2026, and mature on June 4, 2027 unless automatically called earlier.
The Notes pay a contingent cash coupon of $47.125 per Note on specified payment dates only if the Reference Asset’s Closing Value on an Observation Date is at or above the Contingent Coupon Barrier Value (85.00% of the Initial Value, $173.03). If not called and the Final Value is below the Buffer Value ($173.03), principal is exposed to downside loss, with a Downside Leverage Factor of ~1.1765, meaning roughly 1.1765% loss of principal for each 1% the Final Value falls below the Initial Value in excess of the 15.00% buffer.
The Bank of Nova Scotia offers Trigger Autocallable GEARS linked to the S&P 500® Index with a possible automatic call and contingent principal repayment. The securities have a $10 principal per security, a 9.00% call return, upside gearing set between 1.351 and 1.601, and a downside threshold equal to 75.00% of the initial level.
If the closing level on the observation date is at or above the autocall barrier, the notes are automatically called and pay the call price. If not called, maturity payment depends on the underlying return and the final level; holders can lose a significant portion or all principal. Payments are subject to BNS credit risk and limited secondary-market liquidity.
The Bank of Nova Scotia is offering senior, equity-linked, auto-callable notes with a face amount of $1,000 per security that are linked to the lowest performing of Home Depot, Eli Lilly and Microsoft.
If auto-called (first call date ~June 1, 2027), holders receive the face amount plus a 40.00% call premium. If not called, maturity on June 1, 2029 pays either: the face amount, a leveraged upside (at least 250% participation) if the lowest-performing stock finishes above its starting price, or 1-to-1 downside beyond a 20% buffer (investors may lose up to 80% of face amount). All payments are subject to the Bank's credit risk and no periodic interest is paid.
The Bank of Nova Scotia is offering Capped Buffered Enhanced Participation Notes linked to the MSCI EAFE® Index with a term expected to be approximately 25–28 months. The notes pay no interest and offer a 160.00% participation rate in positive index returns up to a capped maximum payment amount (expected between $1,260.00 and $1,305.76 per $1,000 principal). A 15.00% buffer protects principal at maturity for declines up to 15.00%; declines beyond that expose holders to amplified losses (buffer rate ~117.65%), potentially resulting in loss of all principal. Payments depend on the Bank’s creditworthiness, notes are unsecured, and the Bank’s initial estimated value is expected to be below the original issue price.
The Bank of Nova Scotia is offering digital notes linked to the EURO STOXX 50® Index. Each note has a $1,000 principal amount and a term expected to be approximately 26 to 29 months. At maturity you receive either a capped positive payout (the threshold settlement amount) if the final level is ≥ 85.00% of the initial level, or a downside participation that multiplies losses beyond -15.00% by a buffer rate of approximately 117.65%, which can result in a loss of up to your entire principal. Payments depend on the Bank’s creditworthiness and no interim interest or dividends will be paid.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Buffer Notes with Memory Coupon linked to the shares of the Invesco QQQ, Series 1. Each Note has a $1,000 Principal Amount, a contingent coupon of $12.40 per observation, and a 12‑month term if not auto‑called. The Initial Value was $719.79 (Strike Date May 14, 2026); the Buffer and Contingent Coupon Barrier Values are $647.81 (90.00% of Initial Value). Notes are unsecured senior obligations of the Bank, may be automatically called on Observation Dates if the Closing Value ≥ Initial Value, and expose investors to credit risk of the Bank and possible loss of up to 100% of principal if Final Value falls below the Buffer Value.
The Bank of Nova Scotia (BNS) is offering Contingent Income Auto-Callable Securities due on or about May 25, 2029 linked to the common stock of Carvana Co. Each note has a stated principal amount of $1,000 and may pay a contingent quarterly coupon of $79.25 (31.70% per annum) if the underlying closing price on a determination date is at or above 60.00% of the initial share price. The notes are senior unsecured obligations of BNS, do not guarantee principal, expose holders 1-for-1 to downside in the final share price if below the 60.00% barrier, and may be auto‑redeemed early if the underlying equals or exceeds the call threshold (100.00% of the initial share price). All payments are subject to BNS credit risk; limited secondary market liquidity and BNS/affiliate hedging and calculation‑agent discretion may affect value.
The Bank of Nova Scotia (BNS) is offering Contingent Income Auto-Callable Securities due on or about May 25, 2029, linked to the ADRs of Taiwan Semiconductor Manufacturing Company Limited (TSM). Each note has a $1,000.00 stated principal amount and a contingent quarterly coupon of $28.00 (equivalent to 11.20% per annum) that is paid only if the underlying closing price on a determination date is at or above the downside threshold (50.00% of the initial share price).
If a determination-date closing price reaches the call threshold (100.00% of the initial share price) prior to the final determination date, the securities will auto-redeem for the stated principal plus applicable contingent coupons. If the final share price is below the downside threshold at maturity, payment equals the stated principal multiplied by the share performance factor and can be less than 50.00% of principal, possibly zero. All payments are subject to BNS credit risk. Pricing date: May 22, 2026; original issue date: May 28, 2026. The estimated initial value range is $931.99–$961.99 per $1,000 stated principal.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to NVIDIA Corporation with an initial aggregate principal of $6,900,000. The notes pay a monthly contingent coupon of $8.50 per $1,000 (equal to 0.85% monthly, 10.20% per annum) when the reference share closes at or above a coupon barrier of 55.00% of the initial price ($220.78).
If the notes are automatically called on a call observation date (first call window begins November 2026), holders receive $1,000 plus the contingent coupon; if not called, maturity on June 17, 2027 delivers cash if the final price is at or above the 55.00% trigger, or a share delivery amount otherwise (exposing investors to the reference stock's downside and the Bank's credit risk). The initial estimated model value was $970.88 per $1,000.
The Bank of Nova Scotia (BNS) is offering $24,037,000 of Trigger Autocallable Contingent Yield Notes due May 17, 2029. The notes pay a contingent coupon of 9.50% per annum only if both the Nasdaq-100 and Russell 2000 close at or above their coupon barriers on observation dates (quarterly, callable after six months). If no call occurs and the final level of either index is below its downside threshold (70% of initial level), principal repayment at maturity is reduced in proportion to the percentage decline of the least performing underlying asset. The issue price is $10 per note; BNS’ initial estimated value was $9.58 per note. All payments are subject to BNS credit risk and limited secondary-market liquidity.
The Bank of Nova Scotia is offering $3,000,000 of Trigger Autocallable GEARS linked to an unequally weighted basket of the EURO STOXX 50 (50%), Russell 2000 (25%) and S&P 500 (25%).
The Securities are issued at $10.00 per Security, have an autocall observation date of May 20, 2027 with an autocall barrier equal to the initial basket level (100). If autocalled, investors receive the principal plus a call return of 13.05% (call price $11.305) on the call settlement date. If not autocalled, maturity payment on May 16, 2031 depends on the basket return, with an upside gearing of 1.50 and a downside threshold of 75.00 (75% of initial basket level). Payments, including any principal repayment, are subject to the creditworthiness of BNS; investors may lose a significant portion or all of their investment.
The Bank of Nova Scotia (BNS) is offering Contingent Income Auto-Callable Securities due on or about May 27, 2027 linked to the common stock of CrowdStrike Holdings, Inc. The notes have a $1,000.00 stated principal amount, an issue price of $1,000.00 per security and a contingent quarterly coupon of $30.90 (equivalent to 12.36% per annum) payable only if the closing price of the underlying stock on a determination date is ≥ the downside threshold (50.00% of the initial share price).
The notes are auto-callable if the underlying stock on a determination date (other than the final date) is ≥ the call threshold (100.00% of the initial share price). If not redeemed and the final share price is below the downside threshold, the maturity payment equals the stated principal multiplied by the share performance factor and could be less than 50.00% of stated principal or zero. All payments are subject to BNS credit risk. Pricing date is May 22, 2026
The Bank of Nova Scotia is offering Contingent Income Auto-Callable Securities linked to the common stock of NVIDIA Corporation, with a $1,000.00 stated principal amount per security and an issue price of $1,000.00. The securities price on May 22, 2026, have an original issue date of May 28, 2026 and a scheduled maturity of May 25, 2029.
Each security can pay a contingent quarterly coupon of $26.50 (equivalent to 10.60% per annum) on a determination date when the closing price of the underlying stock is at least 50.00% of the initial share price. If the securities are auto‑called earlier when the underlying equals or exceeds the call threshold (100.00% of initial share price), holders receive the stated principal plus applicable contingent coupons. If the final share price is below the 50.00% downside threshold, holders receive the stated principal multiplied by the share performance factor and may lose a significant portion or all of their investment. All payments are subject to the credit risk of BNS.
The Bank of Nova Scotia offers $9,135,950 of Trigger Autocallable GEARS linked to the Russell 2000® Index. The securities are senior unsecured notes with a 12.00% call return at the first observation date and an upside gearing of 1.60 at maturity. They pay no interest, require a minimum $1,000 investment, and may be automatically called on May 20, 2027 (call settlement May 24, 2027) for $11.20 per $10 principal. If not called, final payoff depends on the index return to the final valuation date and a downside threshold at 75.00% of the initial level (2,132.949), meaning investors can suffer partial or total loss of principal. All payments are subject to BNS credit risk.
The Bank of Nova Scotia is offering Capped Buffered Enhanced Participation Notes linked to the S&P 500® Index with a term expected to be approximately 26 to 29 months.
The notes pay no interest. At maturity each $1,000 principal amount will either (a) return principal plus 130.00% of the reference asset return up to a capped maximum payment amount expected to be between $1,274.30 and $1,322.66, (b) return the $1,000 principal if the final index level is no more than -12.50% below the initial level (buffer level 87.50%), or (c) pay a reduced amount if the final level declines by more than 12.50%, producing losses that can reach 100% of principal. Payments are subject to the Bank’s creditworthiness and the actual maximum payment, initial level, trade date and pricing will be set on the trade date.
The Bank of Nova Scotia is offering Contingent Income Auto-Callable Securities due on or about May 25, 2029 linked to the common stock of ServiceNow, Inc. Each note has a $1,000 stated principal amount and may pay a contingent quarterly coupon of $43.90 (equivalent to 17.56% per annum) when the underlying closing price on a determination date is at or above the downside threshold (equal to 50.00% of the initial share price). The securities are auto-callable if the closing price on a determination date (other than the final) is at or above the call threshold (equal to 100.00% of the initial share price). If the final share price is below the downside threshold, the maturity payment is the stated principal amount multiplied by the share performance factor (final/initial share price), which can be less than 50% of principal and could be zero. Payments are unsecured obligations of BNS and subject to BNS credit risk. Pricing date: May 22, 2026. Issue/offer mechanics, estimated initial value range, fees and limited liquidity are described in the pricing supplement.
The Bank of Nova Scotia (BNS) offers Auto-Callable Trigger PLUS notes linked to the Russell 2000® with a stated principal amount of $1,000.00 per security. Pricing date is May 29, 2026 and original issue date is June 3, 2026. The notes mature on or about June 5, 2028 and may auto-redeem early for $1,141.30 per security if the relevant determination date index closing value is greater than or equal to the initial index value.
If not redeemed early, at maturity holders receive either (a) $1,000 plus a 125.00% leveraged upside when the final index value is above the initial value, (b) $1,000 if the final index value is between the trigger level and initial value, or (c) a loss equal to the index decline (1:1 exposure) if the final index value is below the 80.00% trigger level. All payments are subject to BNS credit risk; the securities are unsecured, unlisted, and carry limited liquidity.
The Bank of Nova Scotia is offering Buffered Digital Basket-Linked Notes due May 19, 2028 with an original issue amount of $26,861,000 and a $1,000 principal per note. Payments at maturity depend on a weighted basket of five indices measured from May 12, 2026 to the valuation date May 17, 2028. If the final basket level is at or above the initial level (initial = 100), holders receive the greater of the threshold settlement amount $1,202.50 or principal plus the basket return. A decline up to 10.00% is absorbed (holders receive principal); declines greater than 10.00% produce downside losses equal to approximately 1.1111% of principal for each 1% decline below the 90% buffer (buffer rate ~111.11%). Notes do not pay interest, are unsecured obligations of the Bank, are not listed, and their payments are subject to the Bank’s creditworthiness. The Bank disclosed an initial estimated value of $986.00 per $1,000 principal, below the issue price.
The Bank of Nova Scotia is offering $3,486,000 of Autocallable Contingent Coupon Trigger Notes linked to the common stock of Amazon.com, Inc., due November 16, 2027. The notes pay a contingent monthly coupon of $7.875 per $1,000 (0.7875% monthly; up to 9.45% per annum) on any coupon payment date when the closing price of the reference asset is at or above the coupon barrier, which is 65.00% of the initial price. The initial price was $268.99 (trade date May 11, 2026).
The notes are automatically called if, on any call observation date (monthly observation dates from November 2026 through October 2027), the closing price is equal to or greater than the initial price; on an automatic call you receive $1,000 plus the contingent coupon. If not called and the final price is below the 65.00% trigger, holders receive a share delivery amount (quotient of $1,000 divided by the initial price) and will likely suffer a substantial loss. The Bank disclosed an initial estimated value of $970.52 per $1,000, below the original issue price of $1,000, and payments are subject to the Bank’s creditworthiness.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the common stock of Broadcom Inc. The notes have a $1,000 principal amount per note, an expected maturity of June 24, 2027 and may be automatically called on monthly call observation dates from November 2026 through May 2027.
Holders may receive a contingent coupon of $11.00 per $1,000 (1.10% monthly; up to 13.20% per annum) on an observation date only if the closing price of Broadcom equals or exceeds 57.00% of the initial price. If not called and the final price is below 57.00% of the initial price, investors receive a share delivery amount (or cash for fractional shares) and may lose a substantial portion of principal. The Bank’s initial estimated value range on pricing was $925.00 to $955.00 per $1,000.
The Bank of Nova Scotia is offering Autocallable Buffered Notes linked to the iShares Expanded Tech-Software Sector ETF. The notes pay no interest, may be automatically called ~16–18 months after trade date, and mature ~29 months after trade date if not called. Key economic terms: a buffer of 20.00% (buffer rate 125.00%), a call premium expected between 14.36% and 16.85%, and a maximum payment amount expected between $1,287.20 and $1,337.00 per $1,000 principal. The issuer states the initial estimated value range is $922.65–$952.65 per $1,000; underwriting commissions equal 1.81% and proceeds to the Bank are 98.19% of original issue price. Payments at maturity are subject to the Bank’s credit risk and the notes do not provide dividend exposure, are not listed, and may result in loss of up to 100% of principal.
The Bank of Nova Scotia offers Leveraged Index Return Notes ("LIRNs") linked to one or more commodities, commodity futures or commodity indices. LIRNs are senior unsecured notes; payments (including principal) depend on the Bank's creditworthiness. Each issue will have a term sheet specifying the Market Measure, Participation Rate, Threshold Value, any Capped Value, automatic call terms, Observation Dates, and calculation mechanics. LIRNs typically have a principal amount of $10 per unit, provide leveraged upside at a Participation Rate (≥ 100%), may limit upside by a cap or automatic call, and expose holders to 1-to-1 downside below the Threshold Value. BofA Securities will act as agent and, unless otherwise stated, as calculation agent.
The Bank of Nova Scotia is offering senior unsecured "Trigger Autocallable GEARS" linked to an unequally weighted basket of the EURO STOXX 50 (50%), Russell 2000 (25%) and S&P 500 (25%). The notes have an autocall on the observation date if the basket closing level is ≥ the autocall barrier (100% of the initial basket level). If autocalled, investors receive the call price (principal plus the call return). If not autocalled, maturity payoff depends on the basket return and a downside threshold (75% of initial); negative returns below that threshold can cause losses up to the full principal. Key terms include an upside gearing of 1.50, a call return rate range of 12.50%–13.05%, $10 principal per Security and a minimum investment of $1,000. Payments depend on BNS creditworthiness. Trade date, observation date and maturity are set in the pricing supplement.