Bank of Nova Scotia (NYSE: BNS) confirms initial level for 2028 notes
Rhea-AI Filing Summary
The Bank of Nova Scotia issued an addendum for its Capped Trigger Participation Notes linked to the S&P 500® Equal Weight Index and due October 5, 2028. The addendum confirms that the initial level of the index for these notes is 7,373.49, which was the lowest closing level during the observation period and corresponds to the closing level on November 20, 2025. The notes are unsecured and are not insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation, or any other government agency. Investors are directed to multiple related supplements and prospectuses for detailed risk factors and full terms.
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FAQ
What did Bank of Nova Scotia (BNS) update in this addendum?
The addendum sets the initial level for the Capped Trigger Participation Notes linked to the S&P 500® Equal Weight Index at 7,373.49, based on the lowest closing level during the observation period.
Which index do the Bank of Nova Scotia (BNS) notes track?
The notes are linked to the S&P 500® Equal Weight Index, and their return depends on the performance of this reference asset.
When do the Bank of Nova Scotia Capped Trigger Participation Notes mature?
The Capped Trigger Participation Notes referenced in the addendum are due on October 5, 2028.
Are the Bank of Nova Scotia (BNS) Capped Trigger Participation Notes insured?
No. The notes are not insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation, or any other government agency.
Where can investors find the detailed risk factors for the BNS notes?
Risk factors are described under “Additional Risks” in the pricing supplement and in the product supplement, underlier supplement, prospectus supplement, and prospectus referenced in the addendum.
What is the CUSIP and ISIN for these Bank of Nova Scotia notes?
The notes referenced have CUSIP 06418VN67 and ISIN US06418VN676, as specified in the addendum.
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Filed Pursuant to Rule 424(b)(3) Registration No. 333-282565
Addendum No. 1 to the Pricing Supplement dated September 30, 2025 to the accompanying Prospectus, the Prospectus Supplement, the Underlier Supplement and the Product Supplement, each dated November 8, 2024 |
The Bank of Nova Scotia
$10,000
Capped Trigger Participation Notes
Linked to the S&P 500® Equal Weight Index Due October 5, 2028
As described in the pricing supplement dated September 30, 2025 related to the notes referred to above with the CUSIP and ISIN referred to below (the “pricing supplement”), the initial level is the lowest closing level of the reference asset during the observation period which ended on December 30, 2025. Accordingly, the initial level has been determined and is as follows:
Initial level: the lowest closing level of the reference asset during the observation period, which was 7,373.49 (the closing level of the reference asset on November 20, 2025)
CUSIP no.: 06418VN67
ISIN no.: US06418VN676
Investment in the notes involves certain risks. You should refer to “Additional Risks” beginning on page P-14 of the accompanying pricing supplement and “Additional Risk Factors Specific to the Notes” beginning on page PS-6 of the accompanying product supplement and “Risk Factors” beginning on page S-2 of the accompanying prospectus supplement and on page 8 of the accompanying prospectus.
Neither the United States Securities and Exchange Commission nor any state securities commission has approved or disapproved of the notes or passed upon the accuracy or the adequacy of this addendum, the accompanying pricing supplement, the accompanying prospectus, prospectus supplement, underlier supplement or product supplement. Any representation to the contrary is a criminal offense.
The notes are not insured by the Canada Deposit Insurance Corporation pursuant to the Canada Deposit Insurance Corporation Act or the U.S. Federal Deposit Insurance Corporation or any other government agency of Canada, the United States or any other jurisdiction.
You should read this addendum together with the accompanying pricing supplement and the product supplement, underlying supplement, prospectus supplement and prospectus, each of which can be accessed via the hyperlinks below.
Pricing Supplement dated September 30, 2025:
http://www.sec.gov/Archives/edgar/data/9631/000183988225055507/bns_424b2-31254.htm
Product Supplement (Market-Linked Notes, Series A) dated November 8, 2024:
http://www.sec.gov/Archives/edgar/data/9631/000183988224038316/bns_424b2-21309.htm
Underlier Supplement dated November 8, 2024:
http://www.sec.gov/Archives/edgar/data/9631/000183988224038308/bns_424b2-21314.htm
Prospectus Supplement dated November 8, 2024:
http://www.sec.gov/Archives/edgar/data/9631/000183988224038303/bns_424b3-21311.htm
Prospectus dated November 8, 2024:
http://www.sec.gov/Archives/edgar/data/9631/000119312524253771/d875135d424b3.htm
Addendum No. 1 dated December 30, 2025