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 issuing 3,498,365 units of Capped Notes with Absolute Return Buffer linked to the Russell 2000® Index, with a $10 principal amount per unit, priced Feb. 26, 2026, settling Mar. 5, 2026 and maturing Apr. 30, 2027.
The notes have an approximately 14-month term, provide 1-to-1 upside up to a Capped Value of $11.20 (a 12.00% cap), and offer a positive absolute-return buffer for index declines up to 10.80% (Threshold Value = 2,388.142). Declines beyond the Threshold expose holders to 1-to-1 losses, with up to 89.20% of principal at risk. All payments occur at maturity and are subject to the credit risk of The Bank of Nova Scotia. The public offering price was $10.00 per unit ($34,983,650.00 aggregate); initial estimated value on the pricing date was $9.57 per unit. Underwriting discount is $0.175 per unit and an estimated hedging-related charge of $0.05 per unit, leaving proceeds to BNS of $9.825 per unit ($34,371,436.13). Secondary market liquidity is expected to be limited and the notes will not be exchange listed.
The Bank of Nova Scotia (BNS) is offering Market-Linked One Look Notes with Enhanced Buffer linked to an equally weighted basket of the VanEck® Gold Miners ETF (GDX) and SPDR® Gold Shares (GLD). Each unit has a $10 principal amount, an expected term of ~14 months and a Threshold Value of 90.00% of the Starting Value. If the Basket’s Ending Value is >= 90.00% of the Starting Value, holders receive a Step Up Payment equal to a return of 8.50% to 14.50% (actual amount set on pricing date). If the Ending Value is below 90.00%, investors have 1-to-1 downside beyond the 10.00% buffer and may lose up to 90.00% of principal. Payments are made at maturity and are subject to BNS credit risk. The public offering price is $10.00 per unit (volume discount for large purchases), and the initial estimated value on the pricing date is expected to be between $8.891 and $9.191 per unit, reflecting underwriting and hedging charges including a $0.05 hedging-related charge.
The Bank of Nova Scotia is offering 1,046,565 units of Autocallable Leveraged Index Return Notes® linked to the Russell 2000® Index with a $10 principal amount per unit. The notes price at $10.00 per unit (total public offering $10,465,650) with underwriting discount $0.20 per unit and proceeds to BNS of $9.80 per unit.
The notes have a pricing date of February 26, 2026, estimated settlement March 5, 2026, an Observation Date of March 5, 2027 and maturity of approximately three years on February 26, 2029. If the Observation Level is equal to or above the Call Level (Starting Value 2,677.289), the notes will automatically call at a Call Amount of $11.00 (a 10.00% premium). If not called, at maturity holders receive 230.13% participation in upside above the Starting Value and 1-to-1 downside exposure, risking up to 100% of principal. The initial estimated value on the pricing date is $9.69 per unit, which is below the public offering price. All payments are subject to BNS credit risk and the notes have limited secondary market liquidity.
The Bank of Nova Scotia is offering $981,000 in Autocallable Contingent Coupon Notes due February 28, 2029 linked to the common stock of Accenture plc. The Notes are direct, unsubordinated and unsecured obligations of the Bank and pay cash based on the Reference Asset's observed closing values.
The Notes have a Principal Amount of $1,000 per Note, an Original Issue Price of 100.00%, and an initial estimated value of $938.21 per $1,000 Principal Amount as of the Trade Date (February 27, 2026). Contingent Coupons of $37.50 per Note (equal to 15.00% per annum) are payable on specified observation dates only if the Reference Asset's Closing Value is at or above the Contingent Coupon Barrier Value of $146.10 (which equals 70.00% of the Initial Value $208.72). If a Call Observation Date's Closing Value is equal to or greater than the Initial Value, the Notes will be automatically called for $1,000 plus any Contingent Coupon; otherwise Payment at Maturity depends on the Reference Asset Return versus the Barrier Value of $146.10. If Final Value is below the Barrier Value, holders may lose up to 100% of principal.
The Bank of Nova Scotia priced $55,000 aggregate Capped Barrier Return Enhanced Notes linked to the State Street SPDR S&P Biotech ETF with maturity March 2, 2028.
The Notes pay 200.00% of any positive Reference Asset Return up to a Maximum Return of 44.00% (maximum payment $1,440 per $1,000). The Initial Value was $127.37, the Barrier Value is $108.26 (85.00% of Initial). If the Final Value is below the Barrier, holders suffer declines in principal equal to the Reference Asset loss and may lose up to 100% of principal. The Notes pay no interest, are unsecured senior obligations of the Bank, and all payments are subject to the Bank’s credit risk. The Bank’s initial estimated value at pricing was $962.39 per $1,000, below the Original Issue Price.
The Bank of Nova Scotia priced a structured senior note offering of market-linked securities with an original offering price of $1,000 per security and total face amount $134,000.00. The securities are auto-callable on March 4, 2027 for a 50.00% call premium and mature on March 2, 2029.
Payments are linked to the lowest performing of Energy Transfer LP, Microsoft Corporation and S&P Global Inc.; upside participation is 350.00%, a buffer of 25% protects against limited declines, and investors may lose up to 75% of face amount. The Bank’s estimated value at pricing was $901.35 per security; proceeds to the Bank were $974.25 per security.
The Bank of Nova Scotia offers Autocallable Digital Barrier Notes linked to the Russell 2000® Index due March 9, 2029. The notes have a $1,000 principal amount, 100% original issue price, expected Trade Date March 6, 2026 and settlement on March 11, 2026. If the Reference Asset meets the Call Value on the Review Date you receive a cash call payment of $1,080 per note (Call Premium 8.00%). If not called, maturity payoffs are: at or above initial value, 54.00% digital return or the Reference Asset Return (whichever is greater); at or above the Barrier (up to 80.00% of Initial Value) you receive principal; below the Barrier you suffer pro rata losses and may lose up to 100% of principal. Initial estimated value range: $936.40 to $966.40 per $1,000 note. Minimum investment $1,000. Payments are unsecured obligations subject to the Bank's credit risk.
The Bank of Nova Scotia priced $6,580,000 of Autocallable Contingent Coupon Buffer Notes linked to CrowdStrike common stock. These are unsecured senior notes that pay contingent coupons of $57.20 per note on certain Observation Dates and are automatically called if the Reference Asset closes at or above the Initial Value.
If not called, principal repayment at maturity depends on the Final Value versus a 75.00% Buffer Value ($278.99), with a downside leverage factor of approximately 1.3333% per 1% beyond the 25.00% Buffer Amount; investors may lose up to 100% of principal. Trade Date was February 27, 2026; Maturity Date is March 17, 2027. All payments are subject to the Bank’s credit risk.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes linked to the common stock of Broadcom Inc. in an aggregate principal amount of $2,210,000 ( $1,000 per Note). The Original Issue Price is 100.00%; the Bank’s initial estimated value was $967.09 per Note on the Trade Date.
The Notes pay a Contingent Coupon of $35.00 per Note (equal to 14.00% per annum) on specified observation/payment dates if Broadcom’s Closing Value meets or exceeds a barrier of $159.78 (50.00% of the Initial Value). The Notes are automatically called if Broadcom’s Closing Value on any Call Observation Date is at or above the Initial Value of $319.55. If not called, maturity depends on the Final Value on February 28, 2028; if Final Value is below the Barrier Value you will receive a Physical Delivery Amount of 3.1294 shares (rounded down to whole shares, cash in lieu for any fraction) and may lose up to 100.00% of principal. Payments are unsecured obligations of the Bank and subject to its credit risk.
The Bank of Nova Scotia is offering $2,400,000 of Dual Directional Capped Buffered Notes linked to the S&P 500® Index with a Trade Date of February 27, 2026, Original Issue Date March 4, 2026 and maturity on March 2, 2028. Each Note has a $1,000 Principal Amount and an Original Issue Price of 100%.
The notes pay no periodic interest. If the Final Value is ≥ the Initial Value you receive $1,000 plus the Reference Asset Return capped at a 17.79% Maximum Upside Return (maximum payment $1,177.90). If the Final Value is between the Initial Value and the Buffer Value (80.00% of the Initial Value), you receive $1,000 plus the absolute decline. If the Final Value is below the Buffer Value you lose 1.25% of principal for each 1% decline beyond the 20.00% buffer, potentially losing up to 100% of principal.
The Bank of Nova Scotia offers Trigger Autocallable GEARS linked to the Russell 2000® Index. These senior unsecured notes have a $10 principal per Security and a minimum investment of $1,000. The expected trade date is March 13, 2026 with expected settlement on March 17, 2026.
If the closing level of the Russell 2000 on the observation date is at or above the autocall barrier (equal to the initial level), the notes will be automatically called and pay the call price, comprising principal plus a call return based on a 11.00% call return rate (example call price: $11.10 per Security). If not called, maturity payments depend on the underlying return and an upside gearing set on the trade date (range indicated: 1.51–1.71). The downside threshold is 75.00% of the initial level; if the final level is below that threshold you may suffer losses up to the entire principal. The final valuation date is March 13, 2031 and maturity is March 17, 2031.
The Bank of Nova Scotia is offering $3,010,000 of Buffered Digital Basket-Linked Notes due February 24, 2028. The notes pay no interest and return at maturity depends on a weighted basket of five international indices measured from the trade date February 25, 2026 to the valuation date February 22, 2028.
For each $1,000 principal amount: if the final basket level ≥ initial level, you receive the greater of the $1,124.00 threshold settlement amount or principal plus the basket return; if the final level declines up to 10.00%, you receive principal; if it declines by more than 10.00%, losses are multiplied by a buffer rate of approximately 111.11%, and you may lose up to your entire investment. The Bank’s initial estimated value was $971.39 per $1,000, below the original issue price.
The Bank of Nova Scotia priced $4,120,000 of Buffered Enhanced Participation Basket-Linked Notes due February 24, 2028. The notes pay no interest and link maturity payments to a weighted basket of five international indices with a 121.00% participation rate and a 10.00% buffer (buffer level 90.00%). If the final basket level is above the initial level (100), holders receive principal plus participation × basket return; if the final level is down up to 10.00%, holders receive principal; if the final level declines by more than 10.00%, losses accrue at approximately 111.11% of the excess decline, potentially resulting in complete loss of principal. Trade date: February 25, 2026; valuation date: February 22, 2028. The Bank disclosed an initial estimated value of $966.07 per $1,000 principal amount and an original issue price of 100%, with underwriting commissions of 1.50%.
The Bank of Nova Scotia is offering Trigger Autocallable GEARS linked to the Nikkei 225® Index due on or about March 17, 2031. The Securities are U.S. dollar‑denominated senior unsecured notes with a $10 principal amount per Security (minimum investment $1,000). Final terms set on the trade date (March 13, 2026) include a 18.00% call return if automatically called on the observation date (March 18, 2027), upside gearing in the range 1.55–1.75, and a downside threshold equal to 75.00% of the initial level. If not automatically called, payment at maturity (March 17, 2031) depends on the underlying return multiplied by the upside gearing, or could result in a principal loss if the final level is below the downside threshold. The issuer’s initial estimated value is between $9.32 and $9.62 per Security; the issue price is $10.00 with an underwriting discount of $0.25, leaving proceeds to BNS of $9.75 per Security. Key investor considerations: principal is contingent on both index performance and BNS creditworthiness; the Securities may have limited liquidity; hedging and agent conflicts may affect market value.
The Bank of Nova Scotia priced market-linked senior notes (equity linked securities) that pay a contingent monthly coupon of $1,000 × 17.20% p.a. (if the lowest-performing underlying closes at or above its coupon threshold) and are linked to the lowest performing of Amazon, Broadcom, Alphabet (Class A) and NVIDIA.
The securities were offered at $1,000 per security with an estimated bank value of $943.07. They are auto-callable if the lowest-performing underlying closes at or above its starting price on any monthly calculation day from May 2026 through January 2029. If not called, maturity is March 1, 2029. Principal protection is conditional: the downside threshold for each stock is 50% of its starting price, and a final ending price below that threshold results in a pro rata loss of principal.
The Bank of Nova Scotia is offering $83,599,500 in Trigger Autocallable GEARS linked to the common stock of NVIDIA Corporation due February 28, 2029. The notes have a $10 principal per Security, a minimum investment of $1,000, and were priced on the trade date of February 26, 2026 with settlement on February 27, 2026.
The structure will be automatically called if the underlying closes on the observation date of March 4, 2027 at or above the autocall barrier (the initial level of $184.89), producing a call price of $12.155 (a 21.55% call return). If not called, maturity payoff on February 28, 2029 depends on the underlying return, with 1.42 upside gearing and a downside threshold equal to 50.00% of the initial level ($92.45), meaning investors may lose a substantial portion or all principal depending on final level and on BNS credit.
The Bank of Nova Scotia is offering three separate series of Trigger Autocallable Contingent Yield Notes linked to individual equities: $8,149,600 linked to Emerson Electric Co., $25,791,600 linked to Alphabet Inc., and $2,092,000 linked to PulteGroup, Inc.
Each Note pays a contingent coupon only if the underlying closing level on specified quarterly observation dates meets or exceeds a coupon barrier, is callable early if the closing level meets or exceeds the initial level, and repays principal at maturity only if the final level is at or above the downside threshold; otherwise principal is reduced pro rata to the underlying return. All payments are "subject to the creditworthiness of BNS." Trade date was February 26, 2026 with maturity March 1, 2029.
The Bank of Nova Scotia offers Digital Notes linked to the MSCI EAFE® Index under a Senior Note Program, Series A, through a pricing supplement dated February 27, 2026.
Each note has a $1,000 principal amount, a term expected to be approximately 23 to 26 months, and pays no interest. If the final index level on the valuation date is at least 87.50% of the initial level, holders receive a capped threshold settlement amount (expected between $1,128.60 and $1,151.20 per $1,000). If the final level is below that threshold, losses apply and investors may lose up to their entire principal, with a buffer rate of approximately 114.29% multiplying negative returns beyond the 12.50% threshold. The notes are unsecured obligations of the Bank and are exposed to the Bank’s credit risk, limited secondary market liquidity, currency and non-U.S. market risks, and tax uncertainties.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Notes linked to the common stock of Tesla, Inc. The offering aggregates $310,000 at an Original Issue Price of 100%, with $1,000 principal per note and a 3‑year term if not automatically called. Notes pay a contingent coupon of $34.625 per note (equal to 13.85% per annum) on specified observation dates if Tesla's closing value is at or above the barrier, are auto‑callable on call observation dates if the reference closes at or above the initial value of $408.58, and expose investors to full credit risk of the Bank and up to 100% principal loss if the final value falls below the 50% barrier.
The Bank of Nova Scotia is offering $1,218,000 of Autocallable Contingent Coupon Notes linked to the common stock of Oracle Corporation. The notes are senior, unsecured debt that pay contingent coupons of $46.25 per note (equal to 18.50% per annum) on specified observation/payment dates if the Reference Asset meets the Contingent Coupon Barrier Value.
If not autocalled, the Payment at Maturity depends on the Reference Asset Return from the Initial Value of $150.31 to the Final Value on the Final Valuation Date of February 26, 2029. If the Final Value is at or above the Barrier Value of $75.16 (50.00% of the Initial Value), holders receive the $1,000 principal; if below the Barrier Value, holders suffer losses equal to the Reference Asset depreciation, up to a 100% loss of principal. The Trade Date was February 26, 2026 and Original Issue Date is March 3, 2026. Payments are subject to the Bank's credit risk and the notes will not be listed.
The Bank of Nova Scotia is offering $310,000 of Autocallable Contingent Coupon Notes linked to the common stock of Arista Networks, Inc.. The Notes have a Principal Amount of $1,000 per Note, trade date February 26, 2026, original issue date and settlement March 3, 2026, and mature on March 1, 2029 if not automatically called.
The Notes pay a Contingent Coupon of $35.25 per Note (equal to 14.10% per annum) on scheduled Contingent Coupon Payment Dates only if the Reference Asset’s Closing Value on the related Contingent Coupon Observation Date is at or above the Contingent Coupon Barrier Value. The Initial Value is $130.25, the Barrier Value and Contingent Coupon Barrier Value are $65.13 (50.00% of Initial Value), and the Final Valuation Date is February 26, 2029.
If a Call Observation Date’s Closing Value is equal to or greater than the Initial Value, the Notes will be automatically called and you will receive the Principal Amount plus the applicable Contingent Coupon on the related Call Settlement Date. If not called, the Payment at Maturity is either the Principal Amount (if Final Value ≥ Barrier Value) or $1,000 × (1 + Reference Asset Return) (if Final Value < Barrier Value), exposing investors to up to 100% principal loss. The offering includes a 2.00% underwriting discount; initial estimated value at pricing was $955.21 per $1,000 Principal Amount.
The Bank of Nova Scotia is offering $375,000 of Autocallable Contingent Coupon Notes linked to the common stock of DoorDash, Inc.. The notes mature on March 1, 2029 with an Original Issue Price of 100% and a minimum $1,000 denomination.
The notes pay a Contingent Coupon of $36.25 per note (14.50% per annum) on scheduled Contingent Coupon Payment Dates only if the Reference Asset’s Closing Value is at or above the Contingent Coupon Barrier Value. The notes are automatically called if the Reference Asset’s Closing Value on any Call Observation Date is equal to or greater than the Initial Value. The Initial Value is $180.41; the Barrier and Contingent Coupon Barrier Value are $90.21 (50% of Initial Value). If not called, maturity payments depend on the Final Value: you receive $1,000 if Final Value is at or above the Barrier, but if Final Value is below the Barrier you incur losses equal to the Reference Asset depreciation and may lose up to 100% of principal.
All payments are in cash and subject to the credit risk of The Bank of Nova Scotia. The bank’s initial estimated value was $947.31 per $1,000. The offering includes a 2.00% underwriting discount; settlement is T+3 with Trade Date February 26, 2026.
The Bank of Nova Scotia is offering Buffer Autocallable GEARS linked to the Russell 2000 Index. The securities are senior unsecured notes with an autocall on the observation date and a term to maturity of approximately three years. Key economics shown on the cover include a 12.00% call return rate, a 10.00% buffer, and upside gearing of 1.15–1.28. Trade, settlement, observation and maturity dates are March 2, 2026, March 5, 2026, March 9, 2027, and March 6, 2029, respectively. Minimum investment is $1,000 (100 securities at $10 each). BNS estimates the initial value between $9.377 and $9.677 per $10 principal. Payments at call or maturity depend on the underlying return, the autocall barrier and the downside threshold; if final level is below the downside threshold, investors can lose some or almost all principal. All payments are subject to BNS credit risk.
The Bank of Nova Scotia is offering $1,055,000 in Autocallable Contingent Coupon Notes linked to the common stock of Advanced Micro Devices, Inc. The notes mature on March 1, 2029, may be automatically called on specified observation dates, and pay a $42.00 per note contingent coupon (equal to 16.80% per annum) only if the Reference Asset meets the Contingent Coupon Barrier Value on observation dates. The Initial Value is $203.68, the Barrier and Contingent Coupon Barrier Value are $101.84 (50.00% of Initial Value). If not called and Final Value is below the Barrier, principal is reduced pro rata to the Reference Asset Return; investors may lose up to 100% of principal. Trade Date: February 26, 2026; Original Issue Date: March 3, 2026. Payments are unsecured obligations of the Bank and subject to its credit risk.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the ordinary share of CRH public limited company. The notes have $1,000 principal per note, an expected trade date of March 6, 2026, original issue date expected March 11, 2026, and expected maturity on April 9, 2027.
Contingent monthly coupons of $8.792 per $1,000 (0.8792% monthly; ~10.55% annualized) are payable only if the reference asset’s closing price on an observation date is ≥ 72.75% of the initial price. The notes are automatically called if on any call observation date the closing price is ≥ the initial price. Principal is at risk: if the final price is below 72.75% of the initial price, holders suffer the percentage decline and could lose up to 100% of principal. The Bank’s initial estimated value is between $925.00 and $955.00 per $1,000.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the ordinary share of CRH public limited company due April 9, 2027. Each note has a $1,000 principal amount and pays a contingent monthly coupon of $10.875 per $1,000 (1.0875% monthly; 13.05% annualized) only if the reference share closes at or above a coupon barrier of 72.75% of the initial price on an observation date.
If a call observation date (Sep 2026–Mar 2027) has the reference share at or above the initial price, notes are automatically called and you receive $1,000 plus the contingent coupon. If not called, maturity payment depends on the final price: if final price < 72.75% of the initial price you suffer a proportional loss (you lose 1% for each 1% decline) and could lose up to your entire investment. All payments are subject to the Bank’s credit risk. The Bank’s estimated initial value is between $925.00 and $955.00 per $1,000 principal amount.
The Bank of Nova Scotia is offering $9,910,330 of Capped Buffer GEARS linked to the S&P 500® Index, sold at $10.00 per Security with a minimum investment of $1,000. The Securities mature on February 29, 2028 and pay at maturity based on the underlying return.
Key terms: Upside Gearing 2.00, Maximum Gain 18.50%, Buffer 10.00%, Downside Threshold equal to 90.00% of the Initial Level (6,946.13 initial level; downside threshold 6,251.52). Payments and any principal repayment are subject to BNS credit risk.
The Bank of Nova Scotia is offering Market-Linked One Look Notes with Enhanced Buffer linked to the common stock of Palantir Technologies Inc. via a preliminary term sheet. The notes have a $10 principal amount per unit and a maturity of approximately 14 months.
The notes provide a Step Up Payment if the Ending Value is at least 90.00% of the Starting Value; the Step Up Payment range is indicated as $2.95 to $3.55 (a 29.50% to 35.50% return) to be set on the pricing date. If the Ending Value is below the Threshold Value, holders have 1-to-1 downside beyond the 10.00% buffer, putting up to 90.00% of principal at risk. The public offering price is $10.00 per unit; initial estimated value on the pricing date is expected between $8.89 and $9.19 per unit. These notes are unsecured senior debt of BNS, are subject to issuer credit risk, include fees (underwriting discount $0.175 and hedging charge $0.05 per unit), and have limited secondary-market liquidity. The term sheet is preliminary and subject to change.
The Bank of Nova Scotia priced contingent income auto-callable senior notes linked to Freeport-McMoRan Inc. common stock. The securities have a stated principal amount of $1,000.00 per note, a contingent quarterly coupon of $30.00 (equivalent to 12.00% per annum) and a maturity date of March 9, 2029.
Coupons are paid only if the underlying closing price on each determination date is at least 50.00% of the initial share price; early automatic redemption occurs if the closing price on a non-final determination date reaches the call threshold (equal to 100.00% of the initial share price). If the final share price is below the downside threshold, principal repayment is reduced by the share performance factor and could be less than 50.00% of principal or zero. All payments are subject to BNS credit risk.
The Bank of Nova Scotia issues $64,918,000 of Digital Notes linked to the S&P 500® Index due February 28, 2028. Each note has a $1,000 principal amount and was priced at 100% of principal. The trade date was February 24, 2026 and the valuation date is February 24, 2028. The initial level of the S&P 500® Index is 6,890.07. If the final level on the valuation date is equal to or above the initial level, each note will pay a capped $1,080.00 at maturity. If the final level is below the initial level but at or above the buffer level of 67.24% of the initial level, the holder receives $1,000 plus the absolute reference asset return. If the final level is below the buffer level, losses are magnified by a buffer rate of approximately 148.72%, and an investor may lose up to 100% of principal. The Bank’s initial estimated value per note was $975.32, below the issue price, reflecting fees, hedging costs and the Bank’s internal funding rate.
The Bank of Nova Scotia is offering $3,788,000 of autocallable contingent coupon trigger notes linked to the common stock of Netflix, Inc., maturing on March 29, 2027.
The notes pay a contingent coupon of $10.00 per $1,000 (1.00% monthly) on any coupon payment date if the closing price on the related observation date is at or above a coupon barrier equal to 68.00% of the initial price ($78.04). Notes are automatically called (redeemed at $1,000 plus the contingent coupon) if on any call observation date the closing price is equal to or greater than the initial price. At maturity, if the final price is below the trigger price (68.00% of the initial price), holders receive the share delivery amount (quotient of $1,000 divided by the initial price) and no contingent coupon, exposing holders to substantial principal loss. Payments are subject to the Bank’s credit risk.
The Bank of Nova Scotia is offering $38,410,000 in principal amount of Digital Notes linked to the shares of the iShares® Expanded Tech-Software Sector ETF due May 13, 2027. The notes pay no interest; the payment at maturity is based on the ETF price from the strike date February 23, 2026 to the valuation date May 11, 2027. The initial price is $76.94. If the final price is ≥ 90.00% of the initial price, each $1,000 note pays the threshold settlement amount of $1,200.10. If the final price is below that threshold, losses apply: declines beyond 10.00% are multiplied by the buffer rate (~111.11%) and can result in the loss of up to 100% of principal. The notes are unsecured senior obligations of The Bank of Nova Scotia, not listed, subject to the Bank’s credit risk, and carry an original issue price of 100% with underwriting commissions of 0.67%. The Bank’s initial estimated value on the trade date was $982.89 per $1,000, which is lower than the issue price.
The Bank of Nova Scotia offers contingent income auto-callable senior notes linked to Taiwan Semiconductor ADRs. Each note has a stated principal amount of $1,000.00, an issue price of $1,000.00, a pricing date of March 6, 2026, an original issue date of March 11, 2026, and a scheduled maturity of March 9, 2029.
The notes pay a contingent quarterly coupon of $30.90 (equivalent to 12.36% per annum) on any determination date where the closing price of the underlying ADR is at least 50.00% of the initial share price (the downside threshold). The notes are automatically redeemed early if the closing price on a determination date (other than the final determination date) is at least 100.00% of the initial share price (the call threshold). Principal is at risk: if the final share price is below the downside threshold, the maturity payment equals the stated principal multiplied by the share performance factor and may be less than 50.00% of principal or zero. All payments depend on the creditworthiness of BNS.
The Bank of Nova Scotia is offering $4,453,000 aggregate principal of Digital Notes due March 26, 2027. The notes pay no interest and return at maturity is linked to the shares of the iShares® Expanded Tech-Software Sector ETF (ticker IGV), measured from the trade date February 24, 2026 to the valuation date March 24, 2027.
If the final price is ≥ 80.00% of the initial price of $78.41, holders receive the maximum payment of $1,130.00 per $1,000. If the final price is below 80.00%, losses apply at a 125.00% buffer rate, and investors may lose up to 100% of principal. Payments are subject to the Bank’s creditworthiness.
The Bank of Nova Scotia offers $3,030,000 of Capped Buffered Enhanced Participation Notes linked to the MSCI EAFE® Index due April 21, 2028. Each $1,000 note participates at a 160.00% participation rate up to a $1,286.40 maximum payment per $1,000 principal amount and provides a 15.00% buffer: if the final level on the valuation date is down by more than 15.00%, investors incur losses according to a buffer rate of approximately 117.65%. The initial level was 3,128.73 on the trade date February 24, 2026. Payments are subject to the Bank’s credit risk, no interim payments will be made, and the notes will not be listed.
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®, expected to mature on October 5, 2027.
The notes feature a 120.00% participation rate, a 10.00% buffer (buffer level = 90.00% of initial levels), and a maximum upside payment amount expected to be at least $1,205.00 per $1,000 principal. The initial estimated value is expected to be between $925.00 and $965.00 per $1,000 principal amount.
The Bank of Nova ScotiaRussell 2000® and the S&P 500®. The notes have a participation rate of 120.00%, a buffer level equal to 90.00% of each initial index level, and a buffer percentage of 10.00%. The maximum upside payment amount is expected to be at least $1,277.50 per $1,000 principal amount. The trade date is expected to be March 31, 2026, the valuation date is expected to be September 30, 2027, and the maturity date is expected to be October 5, 2027.
Payments at maturity depend solely on the least performing reference asset return measured from the initial level to the final level. If the least performing reference asset falls below 90.00% of its initial level, holders bear downside beyond the buffer and may lose up to 90.00% of principal. The notes pay no interest and are senior unsecured obligations of the Bank; all payments are subject to the Bank’s creditworthiness. The Bank’s initial estimated value range at pricing is given as $925.00 to $965.00 per $1,000 principal amount; the original issue price is 100.00%.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the shares of the VanEck® Semiconductor ETF with an expected maturity of July 6, 2027. The notes pay contingent quarterly coupons if the reference asset meets a 70.00% coupon barrier on observation dates and are subject to an automatic call if the reference asset equals or exceeds the initial price on certain call observation dates. If not called, the maturity payout depends on the final price versus the initial price: holders receive full principal plus any final contingent coupon if the final price is ≥ 70.00% of the initial price, or a loss proportional to the negative reference asset return if below 70.00%. The initial estimated value range at pricing is $925.00–$965.00 per $1,000 principal amount; the original issue price is 100%. Payments are unsecured obligations of the Bank and subject to its credit risk.
The Bank of Nova Scotia is offering $25,865,370 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100 and the Russell 2000, maturing on February 27, 2031. The Notes pay a 9.00% per annum contingent coupon (quarterly) only if both indices meet coupon barriers on observation dates and are callable after 6 months on quarterly observation dates.
The Notes are sold at $10.00 per Note with an initial estimated value of $9.45 per Note. Principal repayment at maturity is contingent: if the least performing underlying asset finishes below its 70.00% downside threshold, holders suffer a loss equal to that underlying return and could lose their entire investment. All payments depend on BNS creditworthiness and there may be limited secondary-market liquidity.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the common stock of UnitedHealth Group, with a principal amount of $1,000 per note. The notes pay a 1.0625% contingent coupon monthly (up to 12.75% per annum) when the reference stock closes at or above a 69.00% coupon barrier on each observation date.
Observation dates are expected monthly on the 9th from April 2026 through April 2027; call observation dates run September 2026 through March 2027. Expected trade and settlement timing: trade date March 9, 2026, original issue date March 12, 2026, maturity expected April 14, 2027. If a call condition is met, notes redeem at $1,000 plus the contingent coupon. If not called and final price is below the 69.00% trigger, repayment at maturity is reduced pro rata to the reference asset return; investors may lose up to their entire investment. The Bank estimates initial value between $925.00 and $955.00 per $1,000 principal amount.
The Bank of Nova Scotia priced $600,000 of Capped Buffered Return Notes linked to the SPDR® Gold Trust (GLD) due August 30, 2027. The notes pay no interest and return principal at maturity if the Final Value is between the Initial Value and the Buffer Value equal to 90.00% of the Initial Value.
Key terms: Initial Value $474.61 (Strike Date February 24, 2026), Maximum Return 41.86% (maximum payment $1,418.60 per $1,000), a Buffer Amount of 10.00% and a downside leverage factor of ~1.1111. If Final Value is below the Buffer Value, investors lose ~1.1111% of principal for each 1% decline beyond the buffer. The initial estimated value on the Trade Date was $980.21 per $1,000, below the Original Issue Price of 100.00%.
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, with an expected maturity of April 5, 2028 and an expected call observation date of March 31, 2027.
The notes pay no interest and will be automatically called on the call observation date if the closing level of each reference asset is greater than or equal to its initial level. If called, holders receive $1,000 plus a call premium (call premium amount expected to be at least 15.25%) on the call payment date. If not called, maturity payoffs depend on the least performing reference asset: positive returns receive a 250.00% participation on the least performing reference asset return; if any final level is below 75.00% of its initial level, investors suffer losses equal to the negative return of the least performing reference asset and could lose up to their entire investment. The Bank’s initial estimated value is between $925.00 and $965.00 per $1,000 principal, while the original issue price is 100.00%. Payments are subject to the Bank’s creditworthiness, the notes will not be listed, and liquidity and hedging conflicts are disclosed.
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 expected April 5, 2028 with a principal amount of $1,000 per note.
Key terms set to be fixed on the trade date (expected March 31, 2026): a participation rate expected to be at least 153.00%; a buffer level of 90.00% (buffer percentage 10.00%); original issue price 100.00%; initial estimated value range $925.00 to $965.00 per $1,000 principal amount. Investors may lose up to 90.00% of principal; 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 Buffered Index-Linked Notes linked to the S&P 500® Index due July 6, 2027. Each note has a $1,000 principal amount; expected trade date is March 31, 2026 and expected valuation date is June 30, 2027.
The notes pay no interest and provide a capped upside (maximum upside payment amount expected to be at least $1,125.00 per $1,000) and a 10.00% buffer: if the final level is down up to 10.00% you receive the absolute reference asset return, but if the final level declines more than 10.00% you incur losses equal to the reference asset return plus 10.00% (you may lose up to 90.00% of 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 April 5, 2028. Each note has a $1,000 principal amount, will not bear interest, and pays at maturity either a capped payout (the threshold settlement amount) if the final level of each reference asset is greater than or equal to its initial level, or $1,000 (no positive return) if the final level of any reference asset is below its initial level. The threshold settlement amount is expected to be at least $1,112.50 per $1,000 principal amount and the cap level is expected to be at least 111.25% of the initial levels. Trade date and valuation date are expected to be March 31, 2026 and March 31, 2028, respectively; original issue price is 100%. The initial estimated value range on the trade date is expected to be between $925.00 and $965.00 per $1,000, and all payments are subject to the creditworthiness of The Bank of Nova Scotia.
The Bank of Nova Scotia offers Autocallable Contingent Coupon Notes linked to Broadcom Inc. The Notes have a $1,000 Principal Amount per Note, Original Issue Price of 100.00%, an initial estimated value range of $934.62 to $964.62, and a term of approximately two years with Trade Date February 27, 2026 and Maturity Date March 2, 2028.
The Notes pay contingent coupons of at least $35.00 per Note (at least 14.00% per annum) on specified observation/payment dates if the Reference Asset meets the Contingent Coupon Barrier Value (set at 50.00% of Initial Value). The Notes are unsecured obligations of the Bank and may deliver shares at maturity if the Final Value is below the Barrier Value; investors may lose up to 100.00% of principal.
The Bank of Nova Scotia is offering Autocallable Contingent Coupon Trigger Notes linked to the VanEck® Semiconductor ETF (reference asset) due July 6, 2027. Each note has a $1,000 principal amount and an original issue price of 100%. The trade date is expected to be March 31, 2026 with an original issue date expected on April 6, 2026.
The notes pay contingent quarterly coupons if the reference asset closing price on an observation date meets or exceeds a coupon barrier set at 70.00% of the initial price; the contingent coupon formula uses at least $35.00 per observation (at least 3.50% quarterly). Notes are automatically called if a call observation date closing price is equal to or above the initial price; otherwise maturity payment depends on the reference asset return and principal is at risk if the final price is below 70.00% of the initial price. All payments are subject to the Bank’s credit risk.
The Bank of Nova Scotia is offering Contingent Income Auto-Callable Securities due on or about March 9, 2029 linked to the common stock of Robinhood Markets, Inc. The securities have a stated principal amount of $1,000.00 per security and an issue price of $1,000.00 per security. The contingent quarterly coupon equals $53.125 per security (equivalent to 21.25% per annum) when the closing price on a determination date is greater than or equal to the downside threshold (50.00% of the initial share price). Pricing date is March 6, 2026 and original issue date is March 11, 2026. If not auto-redeemed earlier, payment at maturity depends on the final share price: if below the downside threshold, the maturity payment equals the stated principal amount multiplied by the share performance factor and may be less than 50.00% of principal and could be zero. All payments are subject to the credit risk of BNS. The document discloses an estimated initial value range of $926.97 to $956.97 per stated principal amount and distribution fees totaling $22.50 per $1,000 stated principal amount.
The Bank of Nova Scotia priced a structured senior note offering of Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside Principal at Risk, at an original offering price of $1,000 per security, aggregate $2,237,000.
The notes are linked to the lowest performing common stock of Dell Technologies Inc., General Motors Company and Robinhood Markets, Inc.. They pay a monthly contingent coupon at a rate of 26.50% per annum if the lowest performing underlying closes on a calculation day at or above its coupon threshold (50% of starting price). The securities are auto-callable on monthly calculation days from August 2026 through January 2029 if the lowest performing underlying is at or above its starting price; stated maturity is March 1, 2029.
If not called, maturity proceeds depend on the lowest performing underlying's ending price on the final calculation day: holders receive the face amount ($1,000) only if that ending price is at or above the downside threshold (50% of starting price); otherwise the maturity payment equals $1,000 multiplied by the performance factor, exposing investors to loss of more than 50%, and possibly all, of principal. All payments are subject to the Bank's credit risk.
The Bank of Nova Scotia is offering Buffered Index-Linked Notes linked to the S&P 500® Index due July 6, 2027. These senior, unsubordinated, unsecured notes pay no interest and base the maturity payment on the S&P 500 price return from the trade date (expected March 30, 2026) to the valuation date (expected June 30, 2027). The notes feature a 10.00% buffer (90.00% buffer level) that protects against the first 10.00% of a decline in the reference asset but expose investors to losses beyond the buffer, up to 90.00% of principal. Positive participation is capped by a maximum upside payment amount expected to be at least $1,092.50 per $1,000 principal amount. Payments are subject to the Bank's credit risk and the notes will not be listed on an exchange.