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 Trigger Jump Securities with an auto-callable feature linked to the TOPIX index, with a $1,000.00 stated principal per security and an issue price of $1,000.00. The securities have a pricing date of March 31, 2026, an original issue date of April 6, 2026, and a maturity date of April 5, 2032.
The notes pay no interest and are senior unsecured obligations of BNS. They auto-redeem on scheduled determination dates if the index closing value is >= the initial index value, delivering fixed early redemption payments that correspond to a 10.90% per annum return (examples range from $1,109.00 to $1,626.75). At maturity the payout is $1,654.00 if the final index value is >= initial value; if the final index value is < the 70% trigger level the payment suffers a 1:1 downside and could be as low as zero.
The Bank of Nova Scotia is offering senior, equity‑linked notes tied to the common stock of Blackstone Inc. These market‑linked securities are auto‑callable and pay no interest; they may be called approximately one year after issuance for a minimum 25.50% call premium. If not called, the notes mature on April 5, 2029 with a maturity payment that provides 200.00% upside participation if the ending price exceeds the starting price, returns the face amount if the ending price is at least 60% of the starting price, and exposes holders to full downside (losses greater than 40%) if the ending price is below that threshold. Pricing date is March 31, 2026 and issue date is April 8, 2026. The original offering price is $1,000 per security and the Bank’s estimated value at pricing is between $924.07 and $954.07 per security. All payments are subject to the Bank’s credit risk; no periodic interest or dividends are paid and liquidity may be limited.
The Bank of Nova Scotia is offering market-linked, auto-callable senior notes linked to the lowest performing of Broadcom Inc. and GE Vernova Inc. The securities have a $1,000 face amount per security, a potential 50.00% call premium if automatically called on April 8, 2027, and a stated maturity of April 5, 2029.
If not called, final payment depends solely on the lowest performing underlying stock: at least a 230% (minimum) upside participation if that stock finishes above its starting price; return of face amount if the lowest performer stays at or above 50% of its starting price; or full downside exposure 50% up to 100%) if it falls below that threshold. All payments are subject to the Bank's credit risk; estimated values range between $889.55 and $919.55 per security on the pricing date.
The Bank of Nova Scotia is offering U.S. dollar Digital Notes linked to the EURO STOXX 50® Index under Registration No. 333-282565. Each note has a $1,000 principal amount, an expected term of approximately 25 to 28 months, and pays no periodic interest.
At maturity the notes pay a capped positive return if the final level is >= 85.00% of the initial level (a threshold settlement amount expected between $1,186.40 and $1,219.20 per $1,000). If the final level is below that threshold, losses apply with a buffer rate of approximately 117.65%, and investors may lose up to their entire principal. Payments are subject to the Bank’s credit risk and the pricing supplement emphasizes limited liquidity, hedging-related conflicts, and uncertain U.S. and Canadian tax treatment.
The Bank of Nova Scotia (BNS) is offering Trigger Jump Securities with an auto-callable feature linked to the EURO STOXX 50 Index, issued as Senior Note Program, Series A. Each security has a stated principal amount of $1,000.00, an issue price of $1,000.00, a pricing date of March 31, 2026, an original issue date of April 7, 2026 and a maturity date of April 5, 2032.
The securities pay no coupon and are automatically redeemed early if the index closing value on any determination date (other than the final determination date) is greater than or equal to the initial index value, producing an early redemption payment that corresponds to a return of 10.28% per annum. At maturity, if not earlier redeemed, payments depend on the final index value: $1,616.80 if final ≥ initial, $1,000.00 if final ≥ trigger level, and $1,000.00 + ($1,000.00 × underlying return) if final < trigger level; the trigger level is 70.00% of the initial index value. All payments are subject to BNS credit risk; estimated value at pricing was between $924.94 and $954.94 per security.
The Bank of Nova Scotia is offering two series of Airbag Autocallable Yield Notes linked to the common stock of AbbVie Inc. and JPMorgan Chase & Co. Each Note has a $1,000 principal amount and an expected term of approximately 12 months. Trade date is March 30, 2026 and settlement is March 31, 2026. Coupons are fixed and set on the trade date within ranges: AbbVie 9.30%–10.30% and JPM 9.00%–9.90%, paid monthly. Each Note is subject to an automatic call if the underlying closes at or above the call threshold (100% of initial level) on any observation date. If not called and the final level is below the conversion level (85% of initial), repayment is in shares equal to $1,000 divided by the conversion level, which may be worth less than principal and could result in total loss. Payments depend on BNS creditworthiness and the Notes are not listed; secondary market liquidity may be limited.
The Bank of Nova Scotia is offering Capped Enhanced Participation Notes linked to the S&P 500® Index. The notes have an expected term of approximately 25 to 28 months, will pay no interest and are unsecured obligations of the Bank. The participation rate is 300.00%, and the maximum payment amount is expected to be between $1,261.60 and $1,307.50 per $1,000 principal amount. At maturity you receive (i) the principal plus the participation-adjusted positive return up to the maximum payment amount if the final level exceeds the initial level, (ii) principal if levels are unchanged, or (iii) a loss equal to the negative reference asset return (you may lose up to 100% of principal) if the final level is lower. Payments depend on the Bank’s creditworthiness; the Bank’s initial estimated value range is $953.70 to $983.70 per $1,000, which is lower than the original issue price. Terms are subject to completion and will be set on the trade date.
The Bank of Nova Scotia is offering $18,885,200 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index and the Russell 2000 Index due March 29, 2029. The notes pay a contingent coupon of 9.50% per annum only when both underlying indices meet coupon barriers on observation dates, are callable quarterly (first callable after six months), and repay principal at maturity only if each underlying asset is at or above its downside threshold; otherwise repayment at maturity may be reduced pro rata to the decline of the least performing underlying asset, potentially causing significant or total loss. The issue price is $10.00 per note (minimum 100 notes) and the initial estimated value was $9.55 per note. All payments are subject to BNS credit risk and the notes are not listed.
The Bank of Nova Scotia is offering principal-at-risk, equity-linked senior notes linked to the common stock of Tesla, Inc. with an original offering price of $1,000 per security and a per-security proceeds figure to the Bank of $981.75. The notes pay a contingent monthly coupon (coupon threshold = 70% of the starting price) at a contingent coupon rate to be set on the pricing date and at least 19.00% per annum. The notes are auto-callable if the Underlying Stock closes at or above the starting price on any monthly calculation day from October 2026 to March 2027, and mature on April 21, 2027 if not called. If not called, principal protection is conditional: maturity pays $1,000 only if the ending price is at or above the downside threshold (70% of the starting price); otherwise the maturity payment equals $1,000 × (ending price / starting price), exposing holders to losses that can exceed 30%. All payments are subject to the Bank's credit risk.
The Bank of Nova Scotia is offering market-linked, auto-callable senior notes linked to the common stock of NVIDIA Corporation with a face amount of $1,000 per security. These senior unsecured notes pay monthly contingent coupons at a rate to be set on the pricing date, at least 16.75% per annum, only when the NVIDIA stock closing price on each monthly calculation day is at or above a coupon threshold equal to 70% of the starting price. The notes are subject to automatic call if the stock closing price on any calculation day between October 2026 and March 2027 is at or above the starting price; if called, holders receive the face amount plus a final contingent coupon. If not called, maturity is April 21, 2027, and principal is protected only if the ending price is at least 70% of the starting price; otherwise holders suffer direct downside tied to the stock (losses can exceed 30% and possibly reach $0). The Bank estimated the securities' value on the cover between $943.73 and $973.73 per security. All payments are subject to the credit risk of The Bank of Nova Scotia.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the common stock of Best Buy Co., Inc. The notes have a $1,000 principal amount per note, an original issue price of 100%, an initial estimated value of $925.00–$955.00 per $1,000, and an expected maturity of May 11, 2027, with a trade date expected on April 6, 2026. Coupons are contingent monthly payments of $14.25 per $1,000 when the reference stock closes at or above 67.00% of the initial price on observation dates; notes autocall if the reference stock closes at or above the initial price on a call observation date. Principal repayment at maturity depends on the final price relative to the 67.00% trigger; investors may lose up to their entire investment and are exposed to the Bank's credit risk.
The Bank of Nova Scotia is offering senior, equity-linked notes due April 19, 2029 that are auto-callable and pay a maturity amount tied to the lowest performing of the common stocks of Amazon, Alphabet (Class A) and Meta. Each security has a $1,000 face amount and an original offering price of $1,000 per security. If the lowest performing Underlying Stock on the call date (approximately one year after issuance) is at or above its starting price the notes will be automatically called for the face amount plus a call premium of at least 34.10%. If not called, the maturity payout depends solely on the performance of the lowest performing Underlying Stock on the final calculation day, with a 300% upside participation if that lowest performing stock finishes above its starting price, an absolute-value limiter that caps positive returns from declines at 40.00%, and full downside exposure if that stock falls below 60% of its starting price. All payments are subject to the Bank’s credit risk and the securities do not pay interest or dividends.
The Bank of Nova Scotia is offering autocallable contingent-coupon notes linked to the common stock of Best Buy Co., Inc. The notes pay a contingent coupon of $16.292 per $1,000 (equal to 1.6292% monthly) on any coupon payment date when the reference stock's closing price on the related observation date is at least 67.00% of the initial price.
Observation dates are expected monthly beginning May 2026 through May 6, 2027, with automatic call opportunities from October 2026 through April 2027 if the closing price on a call observation date is equal to or greater than the initial price. If the notes are not called, final payment at maturity (expected May 11, 2027) depends on the final price versus the initial price with a trigger at 67.00%, meaning investors may lose up to their entire principal. The initial estimated value range is $925.00 to $955.00 per $1,000 principal; the original issue price is 100%. All payments are subject to the creditworthiness of The Bank of Nova Scotia.
The Bank of Nova Scotia is offering senior, unsecured, equity-linked securities with a face amount of $1,000 per security that are auto-callable and linked to the lowest performing of Broadcom, Alphabet Class A and Netflix.
If called on the call date (approximately April 21, 2027), holders receive the face amount plus a call premium of at least 44.75%. If not called, maturity on April 19, 2029 pays a 300% upside participation on positive returns of the lowest performing stock, a capped 50.00% absolute-value positive return for modest declines, and full downside exposure if that stock falls below 50.00% of its starting price. The pricing date is April 16, 2026 and the estimated bank value at pricing is between $880.00 and $895.77 per security. The original offering price is $1,000 with an agent discount of $25.75, yielding proceeds of $974.25 to the Bank.
The Bank of Nova Scotia (BNS) is offering Contingent Income Auto-Callable Securities due on or about April 6, 2028. Each note has a stated principal amount of $1,000.00 and an initial contingent quarterly coupon of $29.50 (equivalent to 11.80% per annum). Pricing date is April 2, 2026 and original issue date is April 8, 2026.
The notes pay contingent coupons only if, on specified determination dates, the closing price of each underlying stock (Apple, Amazon, Alphabet) is at or above a coupon threshold (50% of the initial share price). They can auto-redeem early if all underlyings meet call thresholds (100% of initial share price). At maturity, if any final share price is below its downside threshold (50% of initial), payment will be reduced 1-to-1 to the decline of the worst-performing stock, potentially resulting in substantial loss up to 100% of principal. All payments are subject to BNS credit risk.
The Bank of Nova Scotia (BNS) offers Contingent Income Auto-Callable Securities linked to the Nasdaq-100®, Russell 2000® and S&P 500® indices due on or about April 6, 2028. Each security has a $1,000.00 stated principal amount and may pay a contingent quarterly coupon of $23.65 (equivalent to 9.46% per annum) when all three indices meet the coupon threshold.
Payments and early redemptions depend on index closing values versus call, coupon and downside threshold levels (coupon/downside = 65.00% of initial index values). If the worst performing index finishes below the downside threshold at maturity, repayment is reduced 1-to-1 by that index’s decline; principal is at risk and all payments are subject to BNS credit risk.
The Bank of Nova Scotia (BNS) is offering Contingent Income Auto-Callable Securities linked to the common stock of Advanced Micro Devices, Inc. The notes have a $1,000 stated principal amount per security, a contingent quarterly coupon of $41.025 (equivalent to 16.41% per annum), a pricing date of April 2, 2026, an original issue date of April 8, 2026, and a maturity date of about April 5, 2029.
Payments depend on the underlying stock's closing prices on scheduled determination dates: a downside threshold set at 50.00% of the initial share price and a call threshold set at 100.00% of the initial share price. If the final share price is below the downside threshold, the maturity payment is reduced on a 1-to-1 basis (possibly to zero). All payments are subject to the credit risk of BNS. BNS provided an estimated value range of $936.11 to $966.11 per note and indicated distribution fees of $22.50 per $1,000 stated principal amount.
The Bank of Nova Scotia is offering Contingent Income Auto-Callable Securities linked to the common stock of Tesla, Inc. The notes have a stated principal amount of $1,000, an issue price of $1,000, a pricing date of April 2, 2026 and a scheduled maturity of April 5, 2029.
Each security can pay a contingent quarterly coupon of $33.20 (equivalent to 13.28% per annum) on a determination date when the closing price of Tesla is at least 50.00% of the initial share price. The notes are principal at risk: if the final share price is below the downside threshold (50.00% of the initial share price), the maturity payment will equal the stated principal amount multiplied by the share performance factor and could be less than 50.00% of principal or zero. The securities are senior unsecured obligations of BNS and are subject to BNS credit risk. The pricing supplement states an estimated initial value range of $936.77 to $966.77 per $1,000 stated principal amount.
The Bank of Nova Scotia is offering senior, principal‑at‑risk, Contingent Income Auto‑Callable Securities linked to the common stock of Micron Technology, Inc.
The notes have a $1,000.00 stated principal amount, pricing date April 2, 2026, original issue date April 8, 2026, and maturity on or about April 5, 2029. Investors may receive a contingent quarterly coupon of $53.90 (equivalent to 21.56% per annum) on each determination date if the closing price of Micron is at least 50.00% of the initial share price; unpaid coupons can be recovered later via a memory feature. Early automatic redemption can occur if the closing price meets the call threshold (equal to 100.00% of the initial share price). If the final share price is below the downside threshold, maturity payment will equal the stated principal multiplied by the share performance factor and may be less than 50.00% of principal or zero. All payments are subject to BNS credit risk, the estimated initial value range is between $935.96 and $965.96, and distribution fees total $22.50 per $1,000 security.
The Bank of Nova Scotia is offering senior, unsecured, market-linked notes with a face amount of $1,000 per security that are auto-callable and linked to the lowest performing of the common stocks of Amazon, Broadcom, Alphabet (Class A) and NVIDIA. The securities pay a 20.70% per annum contingent coupon (monthly, with a memory feature) if the lowest performing underlying on a monthly calculation day is at or above its coupon threshold (equal to 60% of its starting price). The notes may be automatically called if the lowest performing underlying on any calculation day from June 2026 to February 2029 is at or above its starting price; stated maturity is March 29, 2029. If not called, principal at maturity depends on the lowest performing underlying on the final calculation day: holders receive the face amount if that lowest performing underlying is at or above its downside threshold (60% of starting price), but will suffer losses (more than 40% and possibly all principal) if that underlying is below the downside threshold. Original offering price was $1,000 per security; the Bank's estimated value on the pricing date was $943.47 per security. All payments are subject to the Bank's credit risk.
The Bank of Nova Scotia is offering Capped Enhanced Participation Notes linked to the KraneShares CSI China Internet ETF. The notes feature a participation rate of 300.00% and a maximum payment amount expected to be between $1,318.00 and $1,374.10 per $1,000 principal amount for an anticipated term of approximately 12 to 14 months. Payments at maturity depend solely on the final closing price of the reference asset on the valuation date; holders may lose up to 100% of principal if the final price is below the initial price. The initial estimated value range is $930.70 to $960.70 per $1,000, the original issue price is 100.00%, and the distribution concession is 1.42%.
The Bank of Nova Scotia is offering capped buffered enhanced participation notes linked to the Russell 2000® Index due February 3, 2028. The notes pay no interest and provide 150.00% participation in positive index returns subject to a maximum payment amount expected to be at least $1,220.00 per $1,000. A 10.00% buffer protects losses up to that decline; declines beyond the buffer expose holders to downside and could result in losses up to 90.00% of principal. Trade date is expected to be April 29, 2026 and original issue price is 100%. The Bank’s initial estimated value range is $925.00 to $965.00 per $1,000, indicating issuance costs and dealer compensation will make the purchase price higher than the issuer’s internal estimated value. All payments are subject to the Bank’s credit risk and there will likely be limited secondary market liquidity.
The Bank of Nova Scotia is offering Buffered Index-Linked Notes linked to the S&P 500® with expected trade date April 29, 2026, valuation date July 29, 2027 and expected maturity August 3, 2027. The notes do not pay interest; principal repayment at maturity depends on the S&P 500 price return from the initial level to the final level subject to a 10.00% buffer and a capped upside. If the final level is down by more than 10.00%, you incur losses equal to the index decline beyond the buffer (you may lose up to 90.00% of principal). The maximum upside payment is expected to be at least $1,107.50 per $1,000 principal amount (cap ≈ 110.75%), and the original issue price is 100%. The Bank’s initial estimated value range is $925.00 to $965.00 per $1,000, reflecting fees, hedging costs and the Bank’s internal funding rate. Payments are unsecured and subject to the Bank’s creditworthiness. The notes are not listed and may have limited liquidity; underwriting concessions and structuring fees of up to 1.50% and 0.50% respectively are disclosed.
The Bank of Nova Scotia is offering capped buffered index-linked notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index due November 3, 2027, with terms set on the trade date expected to be April 29, 2026.
The notes carry a participation rate of 120.00%, a buffer level of 90.00% (buffer percentage 10.00%), and a maximum upside payment amount expected to be at least $1,227.50 per $1,000 principal amount. Holders may lose up to 90.00% of principal if the least performing reference asset declines below the buffer. Payments depend on the least performing reference asset return and are unsecured obligations of the Bank.
The Bank of Nova Scotia offers 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, an expected trade date of April 29, 2026, an expected original issue date of May 4, 2026, an expected automatic call observation date of April 29, 2027 and an expected maturity date of May 4, 2028. If both reference assets finish at or above their initial levels on the call observation date the notes will be automatically called and pay principal plus a call premium (expected to be at least 14.40%). If not called, maturity payouts depend on the least performing reference asset: positive participation at a 250.00% rate if both finish above initial levels; full principal if the least performer is >= 75.00% of its initial level; otherwise investors suffer the full downside of the least performing reference asset (loss up to 100%). The Bank discloses an initial estimated value range of $925.00 to $965.00 per $1,000 principal amount at pricing.
The Bank of Nova Scotia is offering Capped Buffered Enhanced Participation Notes linked to the Russell 2000® Index due February 3, 2028. The notes provide a 150.00% participation rate in positive reference-asset returns up to a maximum payment amount expected to be at least $1,260.00 per $1,000. A 10.00% buffer protects against declines up to 10.00%; if the final level is more than 10.00% below the initial level, holders absorb losses equal to the reference-asset decline in excess of 10.00% (up to a 90.00% principal loss). Expected trade date is April 30, 2026, original issue price is 100%, initial estimated value is expected between $925.00 and $965.00 per $1,000, and the notes are unsecured obligations of the Bank.
The Bank of Nova Scotia is offering Buffered Enhanced Participation Notes linked to the least performing of the shares of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index maturing on May 5, 2028.
Key terms: original issue price 100%; participation rate expected to be at least 154.00%; buffer level 90.00% (buffer percentage 10.00%); holders may lose up to 90.00% of principal. Trade date expected April 30, 2026; valuation date expected May 2, 2028. Initial estimated value range: $925.00 to $965.00 per $1,000 principal amount. Payments at maturity depend on the least performing reference asset and are subject to the Bank's credit risk.
The Bank of Nova Scotia is offering senior, unsecured, auto-callable, ETF-linked notes with a $1,000 face amount per security linked to the lowest performing of XLF, XLK and XLU. The pricing date is March 24, 2026, issue date March 27, 2026, and stated maturity March 29, 2029.
If on any call date the lowest performing Fund’s fund closing price is greater than or equal to its starting price, the notes are automatically called and pay the face amount plus a fixed call premium (first call premium 18.50%, increasing to 55.50% on the final call date). If not called, maturity payment depends on the ending price of the lowest performing Fund: you receive $1,000 if that Fund’s ending price is ≥60% of its starting price, otherwise you receive $1,000 × performance factor and may lose more than 40%, possibly all, of the face amount.
The Bank’s estimated value per security on the pricing date was $910.01 versus an original offering price of $1,000. Distribution involves Scotia Capital (USA) Inc. and Wells Fargo Securities, with agent discounts and selling concessions reflected in proceeds.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the VanEck® Semiconductor ETF (reference asset). Each note has a $1,000 principal amount, an expected trade date of April 29, 2026, expected original issue date May 4, 2026, and expected maturity on August 3, 2027. Observation dates occur quarterly beginning July 2026. A coupon barrier and trigger price equal 70.00% of the initial price. If a call observation date closing price is >= initial price, the notes are automatically called and pay principal plus the contingent coupon; contingent coupons accrue based on a fixed amount of at least $31.00 per observation-date multiple. If not called, maturity payoff equals $1,000 if the final price is >= the trigger price, or $1,000 plus $1,000×reference asset return (which can result in losing up to 100% of principal). Initial estimated value is between $925.00 and $965.00 per $1,000; original issue price is 100% of principal. Payments are subject to the Bank’s credit risk.
The Bank of Nova Scotia issues capped buffered index-linked notes linked to the least performing of the Russell 2000® and the S&P 500® (BNS). The notes have a $1,000 principal amount per note, an original issue price of 100%, an expected trade date of April 30, 2026, an expected original issue date of May 5, 2026, an expected valuation date of November 1, 2027 and an expected maturity date of November 4, 2027.
The notes pay no interest. They provide a 120.00% participation rate in the absolute return of the least performing reference asset subject to a capped maximum upside (expected to be at least $1,310.00 per $1,000). A 10.00% buffer applies: if the least performing reference asset falls below 90.00% of its initial level, losses apply and investors may lose up to 90.00% of principal. Payments are unsecured obligations of the Bank and depend on the Bank’s creditworthiness.
The Bank of Nova Scotia is offering Buffered Index-Linked Notes linked to the S&P 500® Index, expected to trade on April 30, 2026 and mature on August 4, 2027. Each note has a $1,000 principal amount, will not bear interest and pays at maturity based on the S&P 500 price return from the initial level to the valuation date (expected July 30, 2027).
The notes provide a 10.00% buffer (you are protected at maturity against losses up to 10.00%), cap positive participation at a maximum upside payment amount expected to be at least $1,142.50 per $1,000 (≈114.25% of principal) and expose investors to losses beyond the buffer (you may lose up to 90.00% of principal). The initial estimated value is between $925.00 and $965.00 per $1,000, while the original issue price is 100.00%. Payments depend on the Bank's creditworthiness and there may be little or no secondary market.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the VanEck® Semiconductor ETF. Each note has a $1,000 principal amount, an expected trade date of April 30, 2026 and an expected maturity date of August 4, 2027. Contingent coupons accrue only if the ETF closes at or above a 70.00% coupon barrier on observation dates; notes will be automatically called if the ETF closes at or above the initial price on any call observation date (Oct 2026–Apr 2027). If the final price is below 70.00% of the initial price, holders suffer losses equal to the negative reference asset return and could lose their entire investment. The initial estimated value at pricing is expected to be between $925.00 and $965.00 per $1,000 principal amount; original issue price is 100%. Payments are unsecured obligations of the Bank and subject to its creditworthiness.
The Bank of Nova Scotia is offering Autocallable Trigger Notes linked to the least performing of the Nasdaq-100 and the Russell 2000. Each note has a $1,000 principal amount, an expected trade date of April 30, 2026, an expected call observation date of April 30, 2027, and an expected maturity date of May 4, 2028.
If the closing level of both reference assets on the call observation date is at or above their initial levels, the notes will be automatically called and pay principal plus a call premium (expected to be at least 18.00%). If not called, maturity payments depend on the least performing reference asset: a positive payment equals principal plus the least performing return times a 250.00% participation rate; if the least performing asset falls below 75.00% of its initial level, you will suffer a proportional loss of principal, potentially up to 100% of invested principal. Payments are subject to the Bank's creditworthiness.
The Bank of Nova Scotia is offering Digital Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index, due May 4, 2028 (Subject to Completion). The notes are senior, unsecured obligations with a $1,000 principal amount per note and an original issue price of 100%.
Key economic terms expected on the trade date: trade date April 30, 2026, valuation date May 1, 2028, maturity May 4, 2028, and a threshold/maximum payment amount expected to be at least $1,120.00 per $1,000 principal amount if each reference asset finishes at or above its initial level. If the final level of any reference asset is below its initial level, the payment at maturity will equal the principal amount ($1,000), producing a zero return. The initial estimated value on the trade date is expected to be between $925.00 and $965.00 per $1,000 principal amount. All payments are subject to the creditworthiness of The Bank of Nova Scotia and the notes will not be listed on an exchange.
The Bank of Nova Scotia is offering Trigger Autocallable Notes linked to the S&P 500® Index due on or about April 1, 2031. The Notes have a $10 principal per Note (minimum investment $1,000), trade date March 27, 2026 and expected settlement March 31, 2026.
The Notes are quarterly automatic-callable (callable after 12 months) if the closing level on an observation date is at or above the call threshold (the initial level). The disclosed call return rate range is 8.50%–9.15% per annum; the downside threshold is 75.00% of the initial level. If not called and the final level is below the downside threshold, payment at maturity equals $10 × (1 + underlying return), which can produce a substantial loss, including total loss. All payments are subject to BNS credit risk.
The Bank of Nova Scotia offers Autocallable Digital Trigger Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index due May 3, 2029. The notes are non‑interest bearing, callable early on the expected call observation date of April 29, 2027 if each index closes at or above its initial level; the minimum call premium is 10.25%. If not called, maturity payoff depends on the least performing reference asset: full principal is returned if each final level is ≥ 85.00% of its initial level; otherwise losses are proportional to the least performing reference asset return and could reach 100.00% of principal. The threshold settlement amount is $1,400.00 per $1,000 principal amount. The initial estimated value range is $925.00–$965.00 per $1,000; original issue price is 100.00%. 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 $6,760,000 of Dual Directional Trigger Participation Securities linked to the S&P 500® Index due March 23, 2028. Each Trigger Security has a stated principal amount of $1,000.00 and pays no interest. At maturity investors may receive: (1) the stated principal plus any positive index return up to a 23.45% cap; (2) the stated principal plus an absolute positive return for limited negative index moves down to a trigger of 5,205.184 (80.00% of the initial index value); or (3) a pro rata loss equal to the underlying negative return if the final index value is below the trigger, potentially losing up to the entire investment. All payments are subject to the credit risk of BNS.
The Bank of Nova Scotia is offering Capped Buffered Enhanced Participation Basket-Linked Notes that pay at maturity based on a weighted basket of five international equity indices. The notes feature a 150.00% participation rate, a 10.00% buffer (losses below buffer multiplied by ~111.11%), and a capped upside with a maximum payment amount expected between $1,477.90 and $1,560.70 per $1,000 principal.
The notes pay no interest, are unsecured obligations of the Bank, and are redeemable only at maturity. The original issue price is 100% of principal, underwriting commissions equal 1.63%, and the Bank’s initial estimated value range at pricing is between $944.16 and $974.16 per $1,000 principal. Secondary-market liquidity and any payments are subject to the Bank’s creditworthiness.
The Bank of Nova Scotia is offering $505,000 of Autocallable Contingent Barrier Return Enhanced Notes due March 28, 2029, linked to the least performing common stock of Broadcom, ServiceNow and NVIDIA. The notes are senior, unsecured obligations of the Bank, pay no interest, and may be automatically called following the Review Date on March 29, 2027 for a cash payment equal to principal plus a $650 call premium. If not called, maturity payments depend on the performance of the least performing reference asset with a 300.00% Participation Rate and a 50.00% Barrier for each asset; investors may lose up to 100.00% of principal. All payments are subject to the Bank’s credit risk.
The Bank of Nova Scotia is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100 and Russell 2000. The Notes mature on or about March 29, 2029, are callable quarterly (callable after six months), and pay a contingent coupon only when both underlyings meet coupon barriers on observation dates. The disclosed contingent coupon rate range is 9.00% to 9.65% per annum; the coupon barrier is 70.00% of initial level and the downside threshold is 60.00% of initial level. If not called and the least performing underlying is below its downside threshold at final valuation, principal repayment at maturity is reduced pro rata to that underlying return (in extreme cases you could lose your entire investment). Minimum investment is 100 Notes at $10 per Note. BNS’ initial estimated value range at pricing is $9.23 to $9.53 per Note; issue price will exceed that estimate. All payments are subject to the creditworthiness of BNS.
The Bank of Nova Scotia is offering senior, equity-linked notes with a $1,000 face amount that are auto-callable and linked to the lowest performing of the common stock of Amazon, Microsoft and Oracle. If automatically called on the call date, holders receive the face amount plus a call premium of at least 45.50%. If not called, maturity depends on the ending price of the lowest performing underlying: holders may receive enhanced upside (a 350% upside participation rate if the ending price is above the starting price), a capped positive return (up to 50.00%) if the lowest performing stock declines but remains at or above 50% of its starting price, or full downside exposure (losses greater than 50.00%, possibly to zero) if it falls below that threshold. Estimated value at pricing is between $880.00 and $904.80 per security. Payments are subject to the Bank’s credit risk; no periodic interest is paid and the securities are designed to be held to maturity.
The Bank of Nova Scotia is offering Autocallable Contingent Barrier Return Enhanced Notes linked to the least performing common stock of Ares Management Corporation, Blackstone Inc. and KKR & Co. Inc.
The Notes have a Participation Rate of 300.00%, a Barrier Value equal to 50.00% of each Initial Value and a stated minimum Call Premium of $540.00 (at least 54.00%) if automatically called. They do not pay interest, carry the credit risk of the Bank, and have a minimum investment of $1,000. The Notes are expected to price on March 31, 2026, settle on April 6, 2026, and mature on April 5, 2029 if not called. The Bank’s initial estimated value range is between $884.77 and $914.77 per $1,000 Principal Amount.
The Bank of Nova Scotia is offering Capped Notes linked to the shares of the SPDR® Gold Trust (GLD). The Notes have a $1,000 principal per Note, Original Issue Price of 100%, Trade Date expected March 27, 2026, and maturity on April 14, 2027.
Holders receive no coupons; the maturity payment equals $1,000 plus the Reference Asset Return up to a Maximum Return of at least 14.08%. If the Final Value is below the Initial Value, investors lose 1% per 1% decline, capped at a maximum loss of 5% (minimum payment $950). Initial estimated value range is $957.62–$987.62 per $1,000. All payments are subject to the Bank’s credit risk. Minimum investment is $10,000.
The Bank of Nova Scotia is offering $11,185,000 of Contingent Income Auto-Callable Securities due March 23, 2029 linked to the common stock of Salesforce, Inc. These are senior unsecured notes with principal at risk that pay a $28.30 contingent quarterly coupon (equivalent to 11.32% per annum) only if the underlying closing price on each determination date is at or above a downside threshold of $97.69 (50.00% of the initial share price).
If on a determination date the closing price is at or above the call threshold of $195.38 (100.00% of the initial share price), the securities will auto-redeem early for the stated principal plus accrued contingent coupons. If the final share price is below the downside threshold, maturity payment will be the stated principal multiplied by the share performance factor and could be less than 50.00% of principal, possibly zero. All payments are subject to the credit risk of BNS. The pricing date was March 20, 2026 and the original issue date is March 25, 2026.
The Bank of Nova Scotia (BNS) is offering $11,702,000 of Contingent Income Auto-Callable Securities due March 23, 2029 linked to the Class A common stock of Alphabet Inc. (GOOGL). 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 $26.40 (equivalent to 10.56% per annum) if the closing price of GOOGL on a determination date is at or above the downside threshold of $195.65 (65% of the initial share price). The notes are auto‑callable if the closing price on a determination date is at or above the call threshold of $301.00 (100% of the initial share price). If not redeemed and the final share price is below the downside threshold, repayment at maturity is the stated principal multiplied by the share performance factor, which could be less than 65% of principal and may be zero. All payments are subject to BNS credit risk. The pricing date was March 20, 2026 and the initial estimated value shown on the pricing date was $967.40 per $1,000 stated principal amount.
The Bank of Nova Scotia priced and issued Market Linked Senior Notes — Auto-Callable ETF Linked Securities linked to the lowest performing of XLE, XLF, XLK and XLV. The offering was $1,961,000 aggregate at a $1,000 face amount per security; the Bank's estimated value at pricing was $902.66 per security. The securities pay a contingent coupon of 9.50% per annum monthly if the lowest performing Fund on a calculation day is at or above 60% of its starting price, are auto-callable on monthly observation dates from September 2026 through November 2030 if the lowest performing Fund is at or above its starting price, and mature on December 26, 2030 with downside principal risk if the lowest performing Fund is below 50% of its starting price. All payments are subject to the Bank's credit risk.
The Bank of Nova Scotia offers Autocallable Contingent Coupon Buffer Notes linked to NVIDIA Corporation stock. The Notes are senior, unsecured debt with a $1,000 Principal Amount per Note, 100% Original Issue Price and a minimum investment of $10,000. The Trade Date is expected to be March 27, 2026, Original Issue Date April 1, 2026 and the term is approximately 54 weeks to a Maturity Date of April 14, 2027, unless automatically called on specified Observation Dates.
The structure pays contingent coupons only if NVIDIA's Closing Value on an Observation Date is at or above 80.00% of the Initial Value, includes a memory (unpaid coupons accrue), and features an automatic call if the Closing Value equals or exceeds the Initial Value on any Observation Date. At maturity, if not called, repayment depends on the Final Value relative to an 80.00% buffer: investors lose 1.25% of principal for each 1% that the Final Value is below the Initial Value in excess of the 20.00% Buffer Amount, with possible loss up to 100% of principal. All payments are subject to the credit risk of the Bank and tax and liquidity risks described in the pricing supplement.
The Bank of Nova Scotia offers Autocallable Contingent Coupon Notes linked to the common stock of Ares Management Corporation. The Notes are senior, unsecured obligations that may be automatically called if the Reference Asset closes at or above its Initial Value on any Call Observation Date. If not called, Contingent Coupons of at least $51.25 per Note (at least 20.50% per annum) may be payable on specified observation/payment dates when the Closing Value meets or exceeds the Contingent Coupon Barrier Value. At maturity, payment depends on the Reference Asset Return: if the Final Value is ≥ the Barrier Value you receive $1,000; if Final Value is below the Barrier Value your payment equals $1,000 × (1 + Reference Asset Return), exposing you to up to 100% loss of principal. The Notes are expected to price on March 27, 2026 and settle on April 1, 2026, with final terms in the Pricing Supplement.
The Bank of Nova Scotia offers Autocallable Contingent Coupon Notes linked to the common stock of Blackstone Inc. (Reference Asset). Each Note has a $1,000 Principal Amount and an Original Issue Price of 100.00%. The Notes are senior, unsubordinated and unsecured obligations of the Bank and are subject to the Bank’s credit risk.
The Notes are expected to price on March 27, 2026, settle on April 1, 2026, and have an approximate three-year term with Final Valuation Date March 27, 2029 and Maturity Date April 2, 2029. Initial estimated value per Note is between $930.01 and $960.01. The Notes pay contingent coupons only if observation-date closing values meet specified barriers and are autocallable if the Reference Asset closes at or above its Initial Value on any Call Observation Date. If not called, maturity pay depends on the Reference Asset Return and may result in loss of up to 100% of principal.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes linked to ServiceNow, Inc. common stock due April 2, 2029. The notes have a Principal Amount of $1,000 per note, an Original Issue Price of 100%, and an initial estimated value of $931.64–$961.64 per $1,000.
The notes pay contingent coupons (at least $41.875 per note, equal to at least 16.75% per annum) on specified observation dates if the Reference Asset meets a 50.00% barrier condition, are automatically called if the Reference Asset closes at or above the Initial Value on any Call Observation Date, and repay principal at maturity only if the Final Value is at or above the 50.00% Barrier Value. If Final Value is below the Barrier Value, investors suffer losses equal to the Reference Asset depreciation, up to a 100% loss of principal.