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 buffered contingent income auto-callable securities linked to Alphabet Inc. Class A stock. These principal-at-risk notes target a $12.40 contingent monthly coupon per $1,000 security (equivalent to 14.88% per annum) for each month the Alphabet share price is at or above the $251.272 downside threshold, set at 80% of the $314.09 initial share price. Missed coupons can be paid later under a memory feature if the threshold is subsequently met.
The notes can be auto-called on any observation date before maturity if Alphabet’s share price is at or above the $314.09 call threshold, returning principal plus the due coupon (and any unpaid coupons). If held to the January 4, 2027 maturity and the final price is below the downside threshold, repayment is reduced by 1.25% of principal for every 1% the stock is below the threshold, up to a total loss. Investors do not receive dividends or any upside beyond coupons, and all payments depend on Scotiabank’s credit.
The Bank of Nova Scotia is offering $12,000,000 of unsecured Autocallable Contingent Coupon Buffer Notes with Memory Coupon linked to Alphabet Inc. Class A common stock. Each Note has a $1,000 principal amount and an original issue price of 100%, while the initial estimated value on the trade date was $993.83 per $1,000.
The Notes can be automatically called on monthly observation dates if Alphabet’s share price is at or above the $314.35 initial value, returning principal plus a $11.90 contingent coupon and any unpaid coupons. If not called, coupons are paid only when the stock is at or above 80% of the initial value, and principal is protected down to that 80% buffer. Below the buffer at maturity, investors lose 1.25% of principal for each 1% decline beyond the 20% buffer and can lose their entire investment. The Notes are not insured, are subject to the Bank’s credit risk, and will not be listed on an exchange.
The Bank of Nova Scotia is issuing $8,009,000 of unsecured, unsubordinated capped notes linked to the shares of SPDR® Gold Shares, maturing on January 8, 2027. Each Note has a $1,000 principal amount and does not pay interest before maturity.
At maturity, if the ETF has risen, investors receive principal plus the positive return of the ETF, capped at a Maximum Return of 11.94%, for a maximum payment of $1,119.40 per $1,000 Note. If the Final Value equals the Initial Value, the payout is $1,000 per Note. If the ETF has fallen, the payout is reduced 1% for each 1% decline, but not below $950 per Note, so losses are limited to 5% of principal.
The Notes are subject to the credit risk of The Bank of Nova Scotia, will not be listed on an exchange, and may have limited or no secondary market. The Original Issue Price is $1,000 per Note, while the initial estimated value is $984.55, reflecting selling, structuring and hedging costs.
The Bank of Nova Scotia is offering senior unsecured structured notes linked to the Class A common stock of Alphabet Inc. The notes pay a contingent monthly coupon of $12.00 per $1,000 (equivalent to 14.40% per annum) for each determination date on which Alphabet’s closing price is at or above the downside threshold of $251.48, equal to 80% of the initial share price of $314.35. Missed coupons can be paid later under a memory feature if a future determination date meets the threshold.
The notes are auto-callable: if Alphabet closes at or above the call threshold of $314.35 (100% of the initial share price) on any monthly determination date before maturity, investors receive the $1,000 stated principal plus the applicable coupon and any unpaid coupons, and the notes terminate early. If held to maturity on December 31, 2026 and Alphabet’s final price is below the downside threshold, repayment is reduced by 1.25% of principal for every 1% Alphabet falls below the threshold, up to a total loss of principal.
The notes do not participate in any upside of Alphabet’s stock, pay no dividends, and will not be listed on an exchange. All payments depend on BNS’s credit. The estimated value on the pricing date is expected to be between $963.32 and $993.32 per $1,000 note, less than the issue price due to selling, structuring and hedging costs.
The Bank of Nova Scotia is offering $272,000 of unsecured Autocallable Contingent Coupon Notes with Memory Coupon linked to the common stock of Adobe, Johnson & Johnson and Merck. The notes pay a contingent coupon of $8.10 per $1,000 note (9.72% per annum) on specified observation dates only if the closing value of each stock is at or above 50% of its initial level.
The notes may be automatically called if, on any call observation date, each stock is at or above its initial value, in which case holders receive $1,000 per note plus due and unpaid contingent coupons. If not called and the worst-performing stock finishes below 50% of its initial value at maturity, repayment is reduced 1% for each 1% decline in that stock, up to a total loss of principal. The notes are senior unsecured obligations of the Bank, not insured by any deposit insurance scheme and will not be listed on an exchange.
The Bank of Nova Scotia is issuing $493,000 of unsecured Autocallable Contingent Coupon Notes due December 29, 2028, linked to the common stock of Oracle Corporation. Each Note has a $1,000 principal amount and was priced at 100% of principal, with proceeds to the bank of 98% after underwriting discounts.
The Notes can be automatically called on quarterly observation dates if Oracle’s closing price is at or above the Initial Value of $195.34, returning principal plus a contingent coupon. If not called, investors receive a 13.90% per annum contingent coupon (paid quarterly as $34.75 per Note) only when Oracle’s closing value is at or above the barrier of $97.67, equal to 50% of the Initial Value. At maturity, if the final value is below the barrier, the payoff is reduced one-for-one with Oracle’s decline, and investors can lose up to 100% of principal.
The Notes are senior unsecured obligations of The Bank of Nova Scotia, are subject to the bank’s credit risk, will not be listed on any exchange, and may have limited or no secondary market. The initial estimated value is $962.65 per $1,000, lower than the issue price due to selling, structuring and hedging costs.
The Bank of Nova Scotia is issuing $550,000 of Capped Buffered Return Notes linked to the S&P 500 Index, maturing on December 27, 2030. The notes are unsecured, unsubordinated debt obligations of the Bank and all payments depend on its credit.
Each $1,000 note offers upside linked to the S&P 500 price return: if the index rises, investors receive the positive performance, capped at a Maximum Return of 56.00% (maximum payment of $1,560 per $1,000). A 15% buffer protects against moderate declines; if the index finishes at or above 85% of its initial level, investors receive back $1,000. Below that buffer, principal is reduced 1% for each additional 1% decline, with up to an 85% loss of principal.
The notes pay no interest, are not insured by CDIC or FDIC, and will not be listed on any exchange, so liquidity may be limited. The initial estimated value is $939.36 per $1,000, below the 100% issue price, reflecting fees, hedging and the Bank’s internal funding rate. Underwriting commissions are 3.50% ($19,250), leaving proceeds to the Bank of $530,750.
The Bank of Nova Scotia is offering senior unsecured structured notes linked to the common stock of NIKE, Inc., maturing on December 31, 2026. These Buffered Contingent Income Auto-Callable Securities pay a contingent monthly coupon of $12.80 per $1,000 (equivalent to 15.36% per annum) for each determination date on which NIKE’s closing price is at or above the downside threshold price of $48.739, equal to 85% of the initial share price of $57.34. Missed coupons may be paid later under a “memory” feature if the threshold is met on a subsequent date.
The notes are auto-callable: if NIKE’s closing price on any non-final determination date is at or above the call threshold price of $57.34, they are redeemed early at par plus the relevant coupon and any unpaid coupons. At maturity, if the notes have not been called and NIKE is at or above the downside threshold, investors receive par plus the final and any unpaid coupons. If NIKE finishes below the downside threshold, repayment is based on a leveraged downside formula, with investors losing about 1.1765% of principal for every 1% NIKE falls below the threshold, up to a total loss of principal.
The securities do not guarantee principal, provide no participation in stock upside, pay no dividends, will not be listed, and all payments are subject to the credit risk of BNS. The estimated value on the pricing date is expected to be between $964.02 and $994.02 per $1,000 note, below the issue price.
The Bank of Nova Scotia is offering unsecured, unsubordinated Autocallable Contingent Coupon Buffer Notes with Memory Coupon linked to the Class A common stock of Alphabet Inc. The notes have a principal amount of $1,000 per note, a minimum investment of $10,000, and a scheduled maturity on December 30, 2026, unless automatically called earlier.
Investors may receive a $11.90 contingent coupon per note on each monthly Observation Date if Alphabet’s closing value is at or above 80% of the Initial Value, with unpaid coupons potentially paid later (“memory” feature). The notes are automatically called if Alphabet’s price on any Observation Date before maturity is at or above the Initial Value of $314.35, returning principal plus applicable coupons.
If the notes are not called and Alphabet’s Final Value is below the 80% buffer level of $251.48, repayment of principal is reduced at a 1.25x leveraged downside, and investors can lose up to 100% of principal. The notes are not listed, do not pay guaranteed interest, and all payments depend on the creditworthiness of The Bank of Nova Scotia. The initial estimated value is expected to be between $963.71 and $993.71 per $1,000 note.
The Bank of Nova Scotia is offering $1,960,000 in Autocallable Trigger Notes linked to the Nasdaq-100 Index and the Russell 2000 Index, maturing on December 23, 2027. The notes pay no interest and may be automatically called on December 21, 2026 if both indices are at or above their initial levels, in which case holders receive $1,150 per $1,000 note (a 15% call premium) on December 24, 2026.
If not called, at maturity investors get enhanced upside of 250% of the gain of the worst-performing index if both indices finish above their initial levels. If any index ends below its initial level but at or above 75% of it, only principal is returned. If any index closes below 75% of its initial level, repayment is reduced one-for-one with the loss in that index and up to the entire principal can be lost. The initial estimated value is $975.07 per $1,000, and the notes are unsecured obligations exposed to BNS credit risk with no stockholder rights or deposit insurance.