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 Dual Directional Buffered PLUS, principal-at-risk notes linked to the Russell 2000® Index and maturing on or about February 3, 2028. Each Buffered PLUS has a stated principal amount of $1,000, pays no interest and is issued under BNS’ Senior Note Program, Series A.
At maturity, if the index is above its initial level, investors receive $1,000 plus 150.00% of the index gain, capped at a maximum payment of $1,181.40 per note (a maximum upside gain of 18.14%). If the index is flat or down by up to 15.00%, investors receive $1,000 plus an unleveraged positive return equal to the absolute decline, up to a 15.00% gain. If the index falls by more than 15.00%, principal is reduced 1% for each additional 1% decline, with a minimum payment of $150.00, meaning up to 85.00% of principal can be lost. All payments depend on BNS’ credit, the notes will not be listed, liquidity may be limited, and the estimated value on the pricing date is expected between $936.71 and $966.71 per $1,000 before sales commissions and structuring fees totaling $25.00 per note.
The Bank of Nova Scotia is offering Trigger Autocallable Contingent Yield Notes linked separately to the common stock of Advanced Micro Devices, Inc. (AMD) and Palantir Technologies Inc. (PLTR), each in an aggregate amount of $1,100,000 and issued at $10 per Note. These senior unsecured notes pay a high contingent coupon only if the underlying stock on each monthly observation date is at or above a preset coupon barrier.
The AMD-linked Notes offer a 20.50% per annum contingent coupon with an initial level of $214.99 and both coupon barrier and downside threshold at $139.74, or 65% of the initial level. The Palantir-linked Notes offer a 20.25% per annum contingent coupon with an initial level of $188.71, a coupon barrier of $113.23 (60%) and a downside threshold of $103.79 (55%).
The Notes can be called early if the underlying closes at or above its initial level on an observation date, in which case holders receive principal plus that period’s coupon and the product terminates. If not called and the final stock level is below the downside threshold at maturity, repayment is reduced in line with the stock’s loss, and holders can lose some or all of their principal. All payments depend on BNS’s credit and the Notes are expected to have limited or no secondary market liquidity.
The Bank of Nova Scotia is offering $16,974,650 of Trigger Autocallable GEARS, senior unsecured notes linked to the Russell 2000 Index, maturing on December 31, 2030. Each Security has a $10 principal amount and pays no interest.
The notes may be automatically called on January 4, 2027 if the index closes at or above the initial level of 2,519.798, paying a call price of $11.20 per Security, a 12.00% return, after which no further payments are made. If not called, at maturity investors receive upside exposure to any positive index return multiplied by an upside gearing of 1.26, full principal back if the index is at or above the downside threshold of 1,889.849 (75% of the initial level), or a loss matching the index decline if the final level is below that threshold, up to a total loss of principal.
The initial estimated value is $9.62 per $10 Security, below the issue price, and the notes are not listed on any exchange. All payments depend on the creditworthiness of The Bank of Nova Scotia; a default could result in losing the entire investment.
The Bank of Nova Scotia is offering $30.6 million of Trigger Autocallable GEARS, a structured note linked to an unequally weighted basket of five equity indices: EURO STOXX 50 (40%), Nikkei 225 (25%), FTSE 100 (17.5%), Swiss Market Index (10%) and S&P/ASX 200 (7.5%). Each Security has a $10 principal amount and a term of about five years, unless called early.
The notes pay no interest. On the January 4 2027 observation date, if the basket level is at or above 100% of its initial level, the notes are automatically called and pay $11.40 per Security (a 14.00% call return), with no further payments. If not called, at maturity investors get enhanced upside equal to the basket gain multiplied by 1.42, or full principal back if the basket is flat or down but no lower than 75% of its initial level. If the final basket level is below 75%, repayment is reduced one-for-one with the basket loss, and investors can lose their entire investment.
The Securities are senior unsecured obligations of BNS, are not insured or bail-inable, will not be listed on an exchange, and their return depends on both basket performance and BNS’s credit. The initial estimated value is $9.565 per $10 note, with BNS receiving $9.75 per Security after a $0.25 underwriting discount.
The Bank of Nova Scotia is offering principal-at-risk structured securities that pay a high contingent monthly coupon linked to the common stock of Amazon.com, Inc. The notes run to January 5, 2027 and can be automatically called if Amazon’s closing price on a monthly determination date is at or above the call threshold of $232.07, returning the $1,000 principal plus the applicable coupon and any unpaid "memory" coupons.
Investors may receive a contingent coupon of $11.50 per $1,000 (equivalent to 13.80% per annum) for each month Amazon closes at or above the downside threshold of $185.656 (80% of the initial share price); no coupon is paid for months below that level. If the notes are not called and Amazon’s final price is below the downside threshold, repayment is based on a leveraged downside formula, with a loss of 1.25% of principal for every 1% Amazon falls below the threshold, up to a total loss. Payments depend entirely on BNS’s credit, the notes pay no dividends, and they will not be listed, so liquidity may be limited.
The Bank of Nova Scotia is offering $3,426,000 of Trigger Autocallable Contingent Yield Notes linked to Palantir Technologies Inc. common stock. Investors receive a contingent coupon only when Palantir’s closing price on a monthly observation date is at or above the coupon barrier of $119.72, based on an initial level of $184.18, for a contingent coupon rate of 22.65% per annum. The notes may be automatically called early if Palantir closes at or above the initial level on any observation date, returning principal plus the applicable coupon and ending future payments. If the notes are not called and Palantir’s final level on June 29, 2028 is at or above the downside threshold of $101.30, investors receive full principal back; below that level, repayment is reduced in line with the stock’s percentage decline, and all principal can be lost. All payments depend on BNS’s creditworthiness, and the notes are unsecured, not insured, and are expected to have limited secondary market liquidity.
The Bank of Nova Scotia is offering senior unsecured market-linked notes tied to the worst-performing of Blackstone, KKR and Blue Owl common stocks. Each security has a $1,000 face amount and pays a contingent quarterly coupon only if the lowest-performing stock on the calculation day is at or above 60% of its starting price, with a minimum contingent coupon rate of 21.00% per annum. The notes are auto-callable quarterly from July 2026 through October 2028 if the worst-performing stock is at or above its starting price, in which case holders receive $1,000 plus the due and unpaid coupons.
If not called, principal is protected only if the worst-performing stock on the final calculation day is at or above its 60% downside threshold; otherwise, investors lose more than 40% and up to all of principal. The Bank’s estimated value is between 94.843% and 97.843% of the $1,000 offering price per note. The securities are senior unsecured obligations, not insured by CDIC or FDIC, will not be listed on an exchange, and include dealer and hedging spreads that can depress secondary market prices.
The Bank of Nova Scotia is offering $3,615,000 principal amount of Dual Directional Capped Buffered Notes linked to the S&P 500 Index, maturing on December 29, 2027. The notes pay no interest and all cash is paid at maturity based on index performance. If the index finishes at or above its initial level, holders gain the positive return of the index up to a 20.90% maximum upside, or $1,209 per $1,000 note. If the index finishes below the initial level but at or above 85% of it, investors earn the absolute value of the decline, up to a 15% gain. Below the 85% buffer level, losses are multiplied: investors lose about 1.1765% of principal for each 1% additional index drop and can lose their entire investment. The initial estimated value is $980.48 per $1,000, below the 100% issue price, reflecting hedging and distribution costs; underwriting commissions are 1.50%, so the bank receives 98.50% of proceeds.
The Bank of Nova Scotia is offering senior unsecured Market Linked Securities tied to the lowest performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average, maturing on December 31, 2029. Each $1,000 note pays a contingent coupon at an annual rate of 8.40% only if, on the quarterly calculation day, the lowest performing index is at or above 75% of its starting level; otherwise no coupon is paid for that period.
The notes are auto-callable quarterly from June 2026 through September 2029 if the lowest performing index is at or above its starting level, in which case investors receive $1,000 plus a final contingent coupon. If the notes are not called and, on the final calculation day, the lowest performing index is below 75% of its starting level, repayment of principal is reduced in line with the index loss, and investors can lose most or all of their investment.
The Bank’s estimated value is $956.18 per $1,000 note, below the $1,000 offering price, reflecting selling, structuring and hedging costs. The total offering is $8,432,000, with proceeds to the Bank of $8,299,196 after agent discounts. The securities are not listed and all payments depend on the Bank’s credit.
The Bank of Nova Scotia is offering unsecured Autocallable Trigger Notes linked to the Nasdaq-100 Index and the Russell 2000 Index, maturing in February 2028. The notes pay no interest and may be automatically called in February 2027 if each index is at or above its initial level, in which case investors receive principal plus a call premium expected to be at least 14.30% per $1,000 note.
If the notes are not called, the payoff at maturity depends on the worst-performing index. If both final index levels exceed their initial levels, investors receive principal plus 250% of the gain of the least performing index. If any index finishes below its initial level but at or above 75% of its initial level, only principal is returned. If any index ends below 75% of its initial level, repayment is reduced one-for-one with the loss on the worst index, up to a complete loss of principal. The initial estimated value is expected between $925 and $965 per $1,000, reflecting fees, funding costs and hedging.