STOCK TITAN

[FWP] Bank of Nova Scotia Free Writing Prospectus

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
FWP
Rhea-AI Filing Summary

SEC Form 3 filing: On 8 July 2025, Darin Patrick Campbell submitted an Initial Statement of Beneficial Ownership for Old Second Bancorp Inc. (OSBC).

The filing follows the 1 July 2025 merger of Bancorp Financial Inc. into Old Second Bancorp. Campbell, now both a Director and President, Powersports Lending, reports a fixed and irrevocable right—under the merger agreement—to receive 309,680 shares of OSBC common stock. These shares represent the conversion of his 119,966 Bancorp Financial shares at the agreed exchange ratio.

No derivative securities were disclosed, and the shares are listed as direct ownership. The disclosure increases transparency around insider ownership created by the merger and aligns the new executive’s interests with OSBC shareholders.

Deposito SEC Modulo 3: L'8 luglio 2025, Darin Patrick Campbell ha presentato una Dichiarazione Iniziale di Proprietà Beneficiaria per Old Second Bancorp Inc. (OSBC).

La presentazione segue la fusione del 1° luglio 2025 di Bancorp Financial Inc. in Old Second Bancorp. Campbell, ora sia Direttore che Presidente, Powersports Lending, dichiara un diritto fisso e irrevocabile—secondo l'accordo di fusione—di ricevere 309.680 azioni ordinarie di OSBC. Queste azioni rappresentano la conversione delle sue 119.966 azioni Bancorp Financial al rapporto di cambio concordato.

Non sono stati divulgati titoli derivati e le azioni sono indicate come proprietà diretta. La comunicazione aumenta la trasparenza riguardo alla proprietà interna generata dalla fusione e allinea gli interessi del nuovo dirigente con quelli degli azionisti di OSBC.

Presentación del Formulario 3 de la SEC: El 8 de julio de 2025, Darin Patrick Campbell presentó una Declaración Inicial de Propiedad Beneficiaria para Old Second Bancorp Inc. (OSBC).

La presentación sigue a la fusión del 1 de julio de 2025 de Bancorp Financial Inc. en Old Second Bancorp. Campbell, ahora tanto Director como Presidente de Powersports Lending, informa de un derecho fijo e irrevocable—según el acuerdo de fusión—a recibir 309,680 acciones comunes de OSBC. Estas acciones representan la conversión de sus 119,966 acciones de Bancorp Financial al ratio de intercambio acordado.

No se divulgaron valores derivados y las acciones se registran como propiedad directa. La divulgación incrementa la transparencia sobre la propiedad interna generada por la fusión y alinea los intereses del nuevo ejecutivo con los accionistas de OSBC.

SEC 양식 3 제출: 2025년 7월 8일, 다린 패트릭 캠벨은 Old Second Bancorp Inc.(OSBC)에 대한 최초 실소유주 명세서를 제출했습니다.

이번 제출은 2025년 7월 1일 Bancorp Financial Inc.가 Old Second Bancorp에 합병된 후 이루어졌습니다. 캠벨은 현재 이사이자 Powersports Lending 사장으로서, 합병 계약에 따라 309,680주의 OSBC 보통주를 받을 수 있는 고정적이고 취소 불가능한 권리를 보고했습니다. 이 주식은 그의 119,966주 Bancorp Financial 주식이 합의된 교환 비율에 따라 전환된 것입니다.

파생 증권은 공개되지 않았으며, 주식은 직접 소유로 표시되어 있습니다. 이번 공개는 합병으로 인해 생성된 내부자 소유권에 대한 투명성을 높이고, 신임 임원의 이익을 OSBC 주주들과 일치시키는 데 기여합니다.

Dépôt du formulaire 3 auprès de la SEC : Le 8 juillet 2025, Darin Patrick Campbell a soumis une déclaration initiale de propriété bénéficiaire pour Old Second Bancorp Inc. (OSBC).

Ce dépôt fait suite à la fusion du 1er juillet 2025 de Bancorp Financial Inc. avec Old Second Bancorp. Campbell, désormais à la fois Directeur et Président de Powersports Lending, déclare un droit fixe et irrévocable — selon l'accord de fusion — de recevoir 309 680 actions ordinaires OSBC. Ces actions représentent la conversion de ses 119 966 actions Bancorp Financial selon le ratio d'échange convenu.

Aucun titre dérivé n'a été divulgué, et les actions sont listées comme propriété directe. Cette divulgation accroît la transparence concernant la propriété interne créée par la fusion et aligne les intérêts du nouveau dirigeant avec ceux des actionnaires d'OSBC.

SEC Formular 3 Einreichung: Am 8. Juli 2025 reichte Darin Patrick Campbell eine Initiale Erklärung über wirtschaftliches Eigentum für Old Second Bancorp Inc. (OSBC) ein.

Die Einreichung folgt auf die Fusion von Bancorp Financial Inc. mit Old Second Bancorp am 1. Juli 2025. Campbell, nun sowohl Direktor als auch Präsident von Powersports Lending, meldet ein festes und unwiderrufliches Recht – gemäß dem Fusionsvertrag – 309.680 Aktien der OSBC-Stammaktien zu erhalten. Diese Aktien entsprechen der Umwandlung seiner 119.966 Bancorp Financial Aktien zum vereinbarten Umtauschverhältnis.

Es wurden keine Derivate offengelegt, und die Aktien werden als direkter Besitz angegeben. Die Offenlegung erhöht die Transparenz bezüglich des durch die Fusion entstandenen Insiderbesitzes und bringt die Interessen des neuen Geschäftsführers mit denen der OSBC-Aktionäre in Einklang.

Positive
  • 309,680 shares of direct OSBC ownership by a new Director/Officer strengthens management–shareholder alignment.
  • Filing confirms conversion mechanics of the Bancorp Financial merger, indicating post-deal integration progress.
Negative
  • None.

Insights

TL;DR New OSBC director/officer to obtain 309,680 shares via Bancorp merger; signals insider alignment, but limited standalone financial impact.

Assessment: The Form 3 identifies a sizeable insider stake for Darin Patrick Campbell stemming from the Bancorp Financial merger. While insider ownership generally supports shareholder alignment, the filing does not alter earnings, capital, or guidance. It mainly confirms merger mechanics and integrates a key executive with meaningful skin in the game. Investors may view the disclosure as modestly positive for governance, yet the absence of derivative positions or additional transactions keeps the market impact neutral.

Deposito SEC Modulo 3: L'8 luglio 2025, Darin Patrick Campbell ha presentato una Dichiarazione Iniziale di Proprietà Beneficiaria per Old Second Bancorp Inc. (OSBC).

La presentazione segue la fusione del 1° luglio 2025 di Bancorp Financial Inc. in Old Second Bancorp. Campbell, ora sia Direttore che Presidente, Powersports Lending, dichiara un diritto fisso e irrevocabile—secondo l'accordo di fusione—di ricevere 309.680 azioni ordinarie di OSBC. Queste azioni rappresentano la conversione delle sue 119.966 azioni Bancorp Financial al rapporto di cambio concordato.

Non sono stati divulgati titoli derivati e le azioni sono indicate come proprietà diretta. La comunicazione aumenta la trasparenza riguardo alla proprietà interna generata dalla fusione e allinea gli interessi del nuovo dirigente con quelli degli azionisti di OSBC.

Presentación del Formulario 3 de la SEC: El 8 de julio de 2025, Darin Patrick Campbell presentó una Declaración Inicial de Propiedad Beneficiaria para Old Second Bancorp Inc. (OSBC).

La presentación sigue a la fusión del 1 de julio de 2025 de Bancorp Financial Inc. en Old Second Bancorp. Campbell, ahora tanto Director como Presidente de Powersports Lending, informa de un derecho fijo e irrevocable—según el acuerdo de fusión—a recibir 309,680 acciones comunes de OSBC. Estas acciones representan la conversión de sus 119,966 acciones de Bancorp Financial al ratio de intercambio acordado.

No se divulgaron valores derivados y las acciones se registran como propiedad directa. La divulgación incrementa la transparencia sobre la propiedad interna generada por la fusión y alinea los intereses del nuevo ejecutivo con los accionistas de OSBC.

SEC 양식 3 제출: 2025년 7월 8일, 다린 패트릭 캠벨은 Old Second Bancorp Inc.(OSBC)에 대한 최초 실소유주 명세서를 제출했습니다.

이번 제출은 2025년 7월 1일 Bancorp Financial Inc.가 Old Second Bancorp에 합병된 후 이루어졌습니다. 캠벨은 현재 이사이자 Powersports Lending 사장으로서, 합병 계약에 따라 309,680주의 OSBC 보통주를 받을 수 있는 고정적이고 취소 불가능한 권리를 보고했습니다. 이 주식은 그의 119,966주 Bancorp Financial 주식이 합의된 교환 비율에 따라 전환된 것입니다.

파생 증권은 공개되지 않았으며, 주식은 직접 소유로 표시되어 있습니다. 이번 공개는 합병으로 인해 생성된 내부자 소유권에 대한 투명성을 높이고, 신임 임원의 이익을 OSBC 주주들과 일치시키는 데 기여합니다.

Dépôt du formulaire 3 auprès de la SEC : Le 8 juillet 2025, Darin Patrick Campbell a soumis une déclaration initiale de propriété bénéficiaire pour Old Second Bancorp Inc. (OSBC).

Ce dépôt fait suite à la fusion du 1er juillet 2025 de Bancorp Financial Inc. avec Old Second Bancorp. Campbell, désormais à la fois Directeur et Président de Powersports Lending, déclare un droit fixe et irrévocable — selon l'accord de fusion — de recevoir 309 680 actions ordinaires OSBC. Ces actions représentent la conversion de ses 119 966 actions Bancorp Financial selon le ratio d'échange convenu.

Aucun titre dérivé n'a été divulgué, et les actions sont listées comme propriété directe. Cette divulgation accroît la transparence concernant la propriété interne créée par la fusion et aligne les intérêts du nouveau dirigeant avec ceux des actionnaires d'OSBC.

SEC Formular 3 Einreichung: Am 8. Juli 2025 reichte Darin Patrick Campbell eine Initiale Erklärung über wirtschaftliches Eigentum für Old Second Bancorp Inc. (OSBC) ein.

Die Einreichung folgt auf die Fusion von Bancorp Financial Inc. mit Old Second Bancorp am 1. Juli 2025. Campbell, nun sowohl Direktor als auch Präsident von Powersports Lending, meldet ein festes und unwiderrufliches Recht – gemäß dem Fusionsvertrag – 309.680 Aktien der OSBC-Stammaktien zu erhalten. Diese Aktien entsprechen der Umwandlung seiner 119.966 Bancorp Financial Aktien zum vereinbarten Umtauschverhältnis.

Es wurden keine Derivate offengelegt, und die Aktien werden als direkter Besitz angegeben. Die Offenlegung erhöht die Transparenz bezüglich des durch die Fusion entstandenen Insiderbesitzes und bringt die Interessen des neuen Geschäftsführers mit denen der OSBC-Aktionäre in Einklang.

Filed Pursuant to Rule 433
Registration Statement No. 333-282565

 

STEP INCOME SECURITIES® (STEPS®)

 

 

STEP Income Securities® Linked to the Common Stock of Schlumberger N.V. (Schlumberger Limited)

Issuer

The Bank of Nova Scotia (“BNS”)

Principal Amount

$10.00 per unit

Term

Approximately one year and one week

Underlying Stock

The Common Stock of Schlumberger N.V. (Schlumberger Limited) (Bloomberg symbol: SLB)

Interest

12.00% per year, payable quarterly

Payout Profile at Maturity

A payment of [$0.10 to $0.50] per unit if the Underlying Stock increases to or above 112.00% of the starting value

1-to-1 downside exposure to decreases in the Underlying Stock, with up to 100.00% of your principal at risk

Step Level

112.00% of the starting value of the Underlying Stock

Step Payment

[$0.10 to $0.50] per unit, a [1.00% to 5.00%] return over the principal amount, to be determined on the pricing date

Threshold Value

100.00% of the Starting Value

Investment Considerations

This investment is designed for investors who anticipate that the value of the Underlying Stock will increase to or above the Step Level, are willing to forgo full upside participation above the Step Level in exchange for earning fixed interest payments and potentially a fixed Step Payment, and are willing to accept full downside risk.

Preliminary Offering Documents

http://www.sec.gov/Archives/edgar/data/9631/000183988225037632/bns_fwp-19887.htm

Exchange Listing

No

You should read the relevant Preliminary Offering Documents before you invest. Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.

Risk factors

Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following:

Depending on the performance of the Underlying Stock as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal.

Payments on the notes are subject to the credit risk of BNS, and actual or perceived changes in the creditworthiness of BNS are expected to affect the value of the notes. If BNS becomes insolvent or is unable to pay its obligations, you may lose your entire investment.

Your investment return is limited to the return represented by the periodic interest payments over the term of the notes and the Step Payment, if any, and may be less than a comparable investment directly in the Underlying Stock.

The initial estimated value of the notes on the pricing date will be less than their public offering price.

If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.

You will have no rights of a holder of the Underlying Stock, and you will not be entitled to receive any shares of the Underlying Stock or dividends or other distributions by the issuer of the Underlying Stock.

The issuer, MLPF&S, BofAS and their respective affiliates do not control the Underlying Company and are not responsible for any disclosure made by the Underlying Company. The Underlying Company will have no obligations relating to the notes.

The Redemption Amount will not be adjusted for all corporate events that could affect the Underlying Stock.

Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax disclosure.

 

The Bank of Nova Scotia (“BNS”) has filed a registration statement (which includes a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the notes that are described in this Guidebook. Before you invest, you should carefully read the prospectus in that registration statement and other documents that BNS has filed with the SEC for more complete information about BNS and any offering described in this Guidebook. You may obtain these documents without cost by visiting EDGAR on the SEC Website at www.sec.gov. BNS’s Central Index Key, or CIK, on the SEC website is 9631. Alternatively, Merrill Lynch will arrange to send you the prospectus and other documents relating to any offering described in this document if you so request by calling toll-free 1-800-294-1322. BNS faces risks that are specific to its business, and we encourage you to carefully consider these risks before making an investment in its securities.

 

FAQ

How many OSBC shares will Darin Patrick Campbell own?

The Form 3 reports a right to receive 309,680 shares of Old Second Bancorp common stock.

What event triggered this Form 3 filing for OSBC?

The 1 July 2025 merger of Bancorp Financial Inc. into Old Second Bancorp created Campbell’s fixed right to OSBC shares.

What positions does Campbell hold at Old Second Bancorp (OSBC)?

He is listed as both a Director and Officer – President, Powersports Lending.

Were any derivative securities reported in the filing?

No. The Form 3 shows no derivative securities held by the reporting person.

Has the share exchange already occurred?

Not yet. The filing states that the right to receive the shares is fixed, but the actual exchange is still pending.
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