Bank of Nova Scotia filings document the regulatory disclosures of a Canadian bank and foreign private issuer whose securities trade on the TSX and NYSE under BNS. Its Form 6-K reports include earnings-related releases, capitalization and earnings-ratio exhibits, Canadian certification materials, and updates incorporated by reference into Form F-3 and Form S-8 registration statements.
The bank’s filings also record governance and shareholder matters, including proxy circular materials, board mandates, by-law amendments, annual and special meeting voting results, and director-election outcomes. Capital-structure disclosures cover common shares, preferred shares and other equity instruments, subordinated indebtedness, normal course issuer bids, and other regulatory capital matters.
The Bank of Nova Scotia is offering unsecured Autocallable Contingent Coupon Notes due January 26, 2029, linked to the common stock of First Solar, Inc. Each Note has a $1,000 principal amount and a minimum investment of $1,000.
The Notes can pay a contingent coupon of at least $37 per Note (at least 14.80% per annum) on scheduled dates if First Solar’s closing price is at or above a barrier set at 50% of the Initial Value. If on any call observation date the stock is at or above the Initial Value, the Notes are automatically called for $1,000 plus the coupon, and end early.
If not called, at maturity investors receive $1,000 per Note if the Final Value is at or above the 50% barrier. If the Final Value is below the barrier, repayment is reduced one-for-one with First Solar’s decline, and investors can lose up to 100% of principal. The Notes are not listed, depend on the credit of the Bank, and have an initial estimated value of $931.94–$961.94 per $1,000.
The Bank of Nova Scotia is offering senior unsecured Airbag Autocallable Yield Notes linked to the common stock of QUALCOMM Incorporated. Each Note has a $1,000 principal amount, an expected term of about 12 months, and pays a fixed monthly coupon at an annual rate expected to be between 9.35% and 10.35%, regardless of QUALCOMM’s share performance, unless the Notes are called early.
The Notes are automatically called if on any quarterly observation date QUALCOMM’s closing price is at or above the call threshold, set at 100% of the initial level. In that case, investors receive principal plus the due coupon and the Notes terminate. If not called and the final stock level is at or above the conversion level, set at 85% of the initial level, investors receive full principal in cash at maturity.
If the Notes are not called and the final level is below the conversion level, investors receive a share delivery amount of QUALCOMM stock equal to $1,000 divided by the conversion level (plus cash for any fractional share), which is expected to be worth less than principal and could, in extreme cases, result in a total loss. Investors forgo dividends and upside participation in QUALCOMM’s stock. The Notes are subject to BNS credit risk, will not be listed, may have limited liquidity, and have an initial estimated value of approximately $942.36–$972.36 per $1,000, below the issue price.
The Bank of Nova Scotia is offering $9,816,000 of Autocallable Contingent Coupon Buffer Notes with Memory Coupon linked to the common stock of Vertiv Holdings Co, maturing on February 3, 2027.
The notes pay a contingent coupon of $51.125 per $1,000 note on scheduled dates only if Vertiv’s stock is at or above 65.00% of the $176.93 Initial Value ($115.00) on the relevant Observation Date; missed coupons can be paid later if the condition is again met. The notes are automatically called early if Vertiv’s stock is at or above the Initial Value on any Observation Date, returning principal plus due coupons.
If not called and Vertiv’s final value is below the 65.00% buffer, repayment of principal is reduced at an effective downside leverage of about 1.5385, and investors can lose up to 100% of principal. The notes are unsecured, unsubordinated obligations of Scotiabank, carry no guarantee of coupons, are not listed, and had an initial estimated value of $986.21 per $1,000, below the 100.00% original issue price.
The Bank of Nova Scotia is offering $2,675,000 of Autocallable Digital Buffer Notes linked to Capital One Financial common stock, maturing January 21, 2028. Each Note has a $1,000 principal amount and may be automatically called on January 29, 2027 if Capital One’s share price is at or above the initial level of $239.14. In that case, investors receive $1,177.30 per Note, a fixed 17.73% return, and the Notes terminate early.
If the Notes are not called and the final share price on January 18, 2028 is at or above $239.14, investors receive $1,000 plus the greater of a 35.46% fixed digital return or the stock’s positive price return. If the final price is between 85% and 100% of the initial level, principal is repaid at $1,000. Below 85%, repayment is reduced on a leveraged basis so that each 1% drop beyond the 15% buffer cuts principal by about 1.1765%, up to a total loss. The Notes pay no interest, are unsecured obligations of the Bank, and carry both issuer credit risk and limited liquidity.
The Bank of Nova Scotia is issuing $2,602,000 of unsecured Autocallable Contingent Coupon Notes due January 19, 2029, linked to the common stock of Uber Technologies, Inc. Each $1,000 Note can pay a Contingent Coupon of $25.00 (10.00% per annum) on scheduled dates if Uber’s closing price is at or above the Contingent Coupon Barrier Value of $50.91, which is 60.00% of the Initial Value of $84.85.
The Notes are automatically called if Uber’s price on a Call Observation Date is at or above the Initial Value, paying back principal plus the relevant coupon. If the Notes are not called and Uber’s Final Value on January 16, 2029 is at or above the $50.91 Barrier Value, investors receive full principal. If the Final Value is below the Barrier, repayment is reduced one-for-one with Uber’s decline from the Initial Value, and investors can lose up to 100% of principal.
The Notes are senior unsecured obligations of The Bank of Nova Scotia, are not insured by the CDIC or FDIC, and will not be listed on an exchange. The initial estimated value is $966.73 per $1,000, below the 100% issue price, reflecting internal funding and structuring costs, and secondary market liquidity may be limited.
The Bank of Nova Scotia is offering unsecured, unsubordinated autocallable contingent coupon notes linked to the common stock of Arista Networks, Inc. The notes have a minimum denomination of $1,000, a scheduled maturity on January 26, 2029, and may be automatically called on quarterly observation dates if Arista’s stock closes at or above its initial value, returning principal plus any due coupon.
Investors can receive a contingent coupon of at least $41 per note per quarter (equal to at least 16.40% per annum) when the stock closes at or above 60.00% of the initial value on an observation date; no coupon is paid if it is below this barrier. If the notes are not called and the final stock value is at or above the 60.00% barrier, principal is repaid; if it is below, repayment is reduced 1% for each 1% decline from the initial value, with up to 100% loss of principal possible. The initial estimated value is expected to be $929.50–$959.50 per $1,000, below the issue price, and all payments are subject to the credit risk of The Bank of Nova Scotia and limited liquidity.
The Bank of Nova Scotia is offering unsecured Autocallable Contingent Coupon Buffer Notes with Memory Coupon linked to the common stock of CrowdStrike Holdings, Inc. The notes can be automatically called on any observation date if the stock’s closing value is at or above its initial value, returning principal plus the applicable contingent coupon and any unpaid coupons.
If not called, investors receive a contingent coupon of at least $49.25 per $1,000 note on each observation date only when the stock is at or above 80% of its initial value; missed coupons may be paid later if a future coupon is earned. At maturity, if the final stock value is at or above 80% of the initial value, investors get back principal plus any due coupons. If the final value is below this buffer, principal is reduced by 1.25% for every 1% decline beyond 20%, up to a total loss.
The notes do not offer principal protection, may pay no coupons, carry the credit risk of Scotiabank, and will not be listed on an exchange. The initial estimated value is expected to be $956.26–$986.26 per $1,000, below the original issue price, reflecting selling, structuring and hedging costs.
The Bank of Nova Scotia is offering unsecured senior Autocallable Contingent Coupon Notes linked to the common stock of AppLovin Corporation. Each Note has a $1,000 principal amount, with a minimum investment of $1,000 and integral multiples of $1,000.
The Notes have a term to January 26, 2029, unless automatically called earlier if AppLovin’s closing value on any Call Observation Date is at or above the Initial Value. If not called, a Contingent Coupon of at least $60 per Note per quarter (at least 24.00% per annum) is paid only when the stock’s closing value is at or above the Contingent Coupon Barrier Value, set at 50.00% of the Initial Value. Coupons are not guaranteed and may never be paid.
At maturity, if the Notes are not called and the Final Value is at or above the 50.00% Barrier Value, holders receive the $1,000 principal per Note (plus any due coupon). If the Final Value is below the Barrier Value, repayment is reduced one-for-one with the stock’s loss from the Initial Value, and investors can lose up to 100% of principal.
The Notes are unsubordinated, unsecured obligations of The Bank of Nova Scotia, subject to its credit risk, are not insured by the CDIC or FDIC, and will not be listed on any securities exchange. The initial estimated value is expected to range between $925.36 and $955.36 per $1,000, below the 100% Original Issue Price, reflecting internal funding and structuring and hedging costs. Underwriting commissions are up to 2.00%, with at least 98.00% of proceeds to the Bank.
The Bank of Nova Scotia is offering unsecured, unsubordinated Capped Buffered Return Notes linked to the S&P 500® Index, maturing on January 24, 2031. Each Note has a $1,000 principal amount and is issued at 100% of principal, with a minimum investment of $1,000.
At maturity, if the S&P 500® Final Value is above its Initial Value, investors receive $1,000 plus the index gain, capped by a Maximum Return of at least 57.00%. If the index is flat or down but not below 80% of the Initial Value (the 20% buffer), investors receive back $1,000. If the index falls below this Buffer Value, repayment is reduced 1% for each 1% decline beyond the 20% buffer, with losses up to 80% of principal.
The Notes pay no interest or coupons, are not listed on any exchange, and all cash payments occur only at maturity, subject to the Bank’s credit risk. The initial estimated value is expected between $917.78 and $947.78 per $1,000 Note due to internal funding rates, hedging costs and selling commissions.
The Bank of Nova Scotia is offering $12,000,000 of senior unsecured Buffered Contingent Income Auto-Callable Securities with Memory Coupon and Downside Leverage linked to Alphabet Inc. Class A common stock. Each $1,000 security can pay a contingent monthly coupon of $15.70 (equivalent to 18.84% per annum) for any determination date on which Alphabet’s closing price is at or above 85% of the initial share price of $335.97. If on any non-final determination date the stock closes at or above 100% of the initial price, the notes are automatically redeemed at par plus the applicable coupon and any unpaid coupons.
If the notes are not called and the final share price is at or above the 85% downside threshold, investors receive par at maturity plus the due coupon and any unpaid coupons. If the final share price is below the downside threshold, the maturity payment is the “cash value,” causing investors to lose approximately 1.1765% of principal for every 1% the final price falls below the threshold, up to a total loss. The notes are principal-at-risk, are not listed, have an estimated value of $992.60 per $1,000 at pricing, pay no dividends and are fully exposed to BNS credit risk.