Bank of Nova Scotia SEC Filings

The Bank of Nova Scotia (BNS) is offering $3.451 million of Capped Buffered Return Notes linked to the price performance of the SPDR Gold Shares ETF (GLD). The notes are senior, unsecured, and unsubordinated obligations that settle on 30 June 2025 (T+3) and mature on 13 July 2026, a tenor of roughly 54 weeks.

Key payout mechanics: (1) If GLD appreciates, investors receive the positive return up to a 13.72 % cap, translating to a maximum redemption of $1,137.20 per $1,000 note. (2) If the Final Value is between 90 % and 100 % of the Initial Value ($307.12), principal is fully protected. (3) Below the 10 % buffer, losses accelerate at a 1.1111 × downside leverage; total loss of principal is possible. The notes pay no interim coupon and will not be listed on any exchange.

Economic terms: Original Issue Price is 100 % of face while investors’ initial estimated value is $987.33, reflecting underwriting fees (1 %) and the bank’s lower internal funding rate. Net proceeds to BNS are 99 % of face ($3.416 million). Minimum purchase is $10,000. The product is not FDIC or CDIC insured and is subject to BNS credit risk. Scotia Capital (USA) acts as initial purchaser; J.P. Morgan Securities is a placement agent.

Risk disclosures emphasize valuation uncertainty, secondary-market illiquidity, and the fact that investors do not own GLD shares nor receive dividends. The SEC has neither approved nor disapproved the notes.

Bank of Nova Scotia has announced Fixed Coupon Trigger Notes linked to NVIDIA Corporation stock, offering quarterly coupon payments between 3.24% and 3.80% (12.96%-15.20% annually) over an 18-month term. The notes' principal protection is contingent on NVIDIA's stock performance.

Key features:

• Principal Amount: $10,000 per note
• Maturity: Approximately 18 months
• Trigger Price: 80% of initial price
• Payment Structure: If final price ≥ 80% of initial price, receive full principal; if below, receive shares of NVIDIA worth less than 80% of principal
• Initial estimated value: $9,480-$9,780 per $10,000 principal amount

Risk Factors: Investors could lose substantial portion of investment if NVIDIA stock falls below trigger price. Notes are subject to Bank of Nova Scotia's credit risk and are not CDIC or FDIC insured. Secondary market liquidity may be limited.

Bank of Nova Scotia has filed a 424B2 for Fixed Coupon Trigger Notes linked to Devon Energy Corporation stock. The notes offer quarterly coupon payments of between 2.68% and 3.15% (10.72%-12.60% annually) over an 18-month term.

Key features include:

• Principal Amount: $10,000 per note
• Maturity: Approximately 18 months
• Trigger Price: 80% of initial price
• At maturity: Full principal returned if final price ≥ 80% of initial price; below this threshold, investors receive shares of Devon Energy worth less than 80% of principal

The initial estimated value is $9,390-$9,690 per $10,000 principal amount, below the issue price. The offering includes underwriting commissions of 1.12%. The notes are unsubordinated, unsecured obligations of Bank of Nova Scotia and are not CDIC or FDIC insured.

Bank of Nova Scotia has issued $185,000 in Capped Buffered Return Notes linked to the S&P 500 Index, maturing June 28, 2030. Key features include:

The notes offer conditional protection and upside potential:

• Maximum return capped at 77.50% if S&P 500 rises above initial value of 6,092.16
• 100% principal protection if final index value stays above buffer level (85% of initial value)
• Below buffer level, investors lose 1% for each 1% decline, with maximum loss of 85%

Structure details:

• 5-year term with $1,000 minimum investment
• No periodic interest payments
• Initial estimated value of $945.56 per $1,000 principal
• Underwriting commission of 3.50%

Notes are unsubordinated, unsecured obligations subject to Bank of Nova Scotia's credit risk. Not insured by CDIC or FDIC.

Bank of Nova Scotia has issued $1.35 million in Autocallable Contingent Buffered Return Enhanced Notes linked to a basket of 7 equity securities, due June 30, 2027. The notes feature:

• Automatic Call Feature: Notes will be called if basket value equals/exceeds 100% of initial value on July 7, 2026, paying principal plus 17.25% premium ($172.50)
• Return Structure: If not called and final basket value exceeds initial value, return equals 125% of basket's positive performance
• Downside Protection: 20% buffer; below buffer, investors lose 1.25% for each 1% decline beyond 20% threshold
• Underlying Components: Equally weighted basket of Constellation Energy, Meta Platforms, Marvell Technology, Microsoft, NVIDIA, Vertiv Holdings, and Vistra Corp

Initial estimated value is $966.87 per $1,000 principal amount. Notes are unsubordinated, unsecured obligations with no interest payments. Trading begins June 30, 2025, with minimum investment of $10,000.

Bank of Nova Scotia has issued $1.425 million in Autocallable Contingent Coupon Notes linked to Meta Platforms stock, due June 28, 2029. These unsubordinated, unsecured debt securities offer potential returns based on Meta's stock performance.

Key features include:

• Automatic Call Feature: Notes will be automatically called if Meta's closing price equals/exceeds initial value ($708.68) on any observation date
• Contingent Coupon: $25.00 payment if Meta's price is at/above 70.61% of initial value ($500.40), plus any unpaid previous coupons
• Principal Protection: Full principal returned at maturity if Meta's final value is at/above barrier value ($500.40)
• Risk: If Meta's final value falls below barrier, investors lose 1% for each 1% decline from initial value, potentially losing entire investment

The initial estimated value is $962.06 per $1,000 principal amount, below the issue price. Notes are being distributed through Scotia Capital and J.P. Morgan Securities with 2.50% underwriting commission.

Bank of Nova Scotia has issued Dual Directional Capped Barrier Notes linked to the S&P 500 Index, due April 16, 2027. Key features include:

• Principal Amount: $1,000 per note with $10,000 minimum investment
• Maximum Upside Return: 21.32% (capped at $1,213.20 per note)
• Barrier Value: 80% of Initial Value (4,873.73)
• Initial Value: 6,092.16 (Strike Date: June 25, 2025)

The notes offer dual directional exposure: investors benefit from both positive index performance (up to cap) and negative performance above barrier level. If index falls below barrier, investors face 1:1 loss potential. Notes are unsubordinated, unsecured obligations with no interest/coupon payments. Initial estimated value ranges from $952.02 to $982.02 per $1,000 principal. Scotia Capital USA and JP Morgan Securities act as placement agents with 1.40% fee.

Bank of Nova Scotia is offering Buffered Contingent Income Auto-Callable Securities due July 1, 2026, linked to Meta Platforms stock performance. Key features include:

• Principal Amount: $1,000 per security
• Contingent Monthly Coupon: $13.40 (16.08% p.a.) if Meta stock closes ≥ 80% of initial price ($566.944)
• Memory Feature: Unpaid coupons can be recovered if stock price meets threshold on later dates
• Auto-Call Feature: Securities automatically redeem if stock closes ≥ initial price ($708.68) on any determination date
• Downside Risk: If not called and final stock price is below threshold, investors lose 1.25% for every 1% decline below threshold

These securities offer potential above-market returns but carry significant risks including possible loss of principal, no guaranteed interest payments, and are subject to BNS credit risk. The estimated value ($963.36-$993.36) is less than the issue price of $1,000.

The Bank of Nova Scotia (BNS) is offering US$97.148 million of Capped Enhanced Participation Notes linked to the price return of the S&P 500 Index. The unsecured, unsubordinated notes are part of the Bank’s Senior Note Program, Series A, CUSIP 06418VYN8. They price on June 23 2025 (T+5 settlement on June 30 2025) and mature on July 27 2026, with a single valuation date on July 23 2026.

Key payoff mechanics

• Upside: 150 % participation in any positive index performance, capped at a maximum payment of US$1,162.45 per US$1,000 note (16.245 % maximum return).
• Par return: If the S&P 500 final level equals the initial level of 6,025.17, holders receive only the principal.
• Downside: 1-for-1 exposure to negative index returns; investors can lose up to 100 % of principal.

The notes do not pay interest, do not provide dividend exposure and will not be listed on any U.S. exchange. Any secondary trading will rely on dealer markets in which neither Goldman Sachs & Co. LLC (GS&Co.) nor Scotia Capital (USA) Inc. is obligated to make a market.

Pricing economics

• Original issue price: 100 % of face value.
• Initial estimated value: US$985.36 per US$1,000, reflecting the Bank’s internal funding rate and hedging costs and already below the offering price.
• Underwriting commissions: 1.02 % (US$10.20 per US$1,000). Net proceeds to the Bank: 98.98 %.
• GS&Co.’s indicative secondary price before 23 Sep 2025 equals the model value plus a declining additional amount of up to US$20.

Risk highlights

• Full downside market risk with limited upside due to the cap.
• No CDIC or FDIC insurance; payment depends solely on BNS creditworthiness.
• Liquidity risk from the absence of an exchange listing and discretionary market-making by GS&Co.
• Potential mismatch between issue price and economic value because the Bank’s internal funding rate is lower than its conventional debt cost.

Minimum investment is US$1,000 and integral multiples thereafter. Purchasers trading prior to settlement must arrange alternative settlement terms due to the initial T+5 cycle.