Bank Nova Scotia SEC Filings

The Bank of Nova Scotia is issuing $860,000 of Autocallable Contingent Coupon Trigger Notes linked to the common stock of UnitedHealth Group Incorporated (UNH), maturing on December 24, 2026. Each $1,000 note can pay a monthly contingent coupon of $10.667 (about 12.80% per annum) if UNH’s closing price on the observation date is at least 69.00% of the initial price of $319.97.

The notes are automatically called, starting in May 2026, if UNH closes at or above the initial price on a call observation date, returning $1,000 plus the coupon for that month. If not called, at maturity you receive $1,000 plus the final coupon if UNH is at least 69.00% of the initial price; otherwise you lose 1% of principal for every 1% UNH has fallen from the initial price, up to a total loss of your investment and no coupon.

The initial estimated value is $966.97 per $1,000, below the issue price, reflecting fees, hedging and the bank’s internal funding rate. The notes are senior unsecured obligations of The Bank of Nova Scotia, are not insured, will not be listed on any exchange and expose holders to both UNH share price risk and Bank of Nova Scotia credit risk.

The Bank of Nova Scotia is offering Performance Leveraged Upside Securities (PLUS), senior unsecured notes linked to the S&P 500® Index and maturing on or about April 5, 2027. Each PLUS has a $1,000 stated principal amount, offers 300% leveraged upside on any positive index return, but is capped at a maximum payment of $1,143.50 (a 14.35% maximum gain). If the final index value is at or below the initial index value, investors lose 1% of principal for every 1% decline in the index, with no minimum payment, so the entire investment can be lost. The notes pay no coupons or dividends, are not listed on any exchange, and all payments depend on BNS’s credit, with an estimated initial value between $938.39 and $968.39 per $1,000.

The Bank of Nova Scotia is offering $12,781,000 of Contingent Income Auto-Callable Securities due November 27, 2028, linked to the American depositary receipts of Taiwan Semiconductor Manufacturing Company Limited (TSM).

Each $1,000 security can pay a quarterly contingent coupon of $25.75 (10.30% per annum) for any determination date when the TSM ADR closing price is at or above the downside threshold price of $137.53, which is 50.00% of the $275.06 initial share price. If on any non-final determination date the closing price is at or above the $275.06 call threshold price (100.00% of the initial share price), the notes are automatically redeemed at par plus that quarter’s coupon.

At maturity, if the notes have not been called and the final share price is below the downside threshold, investors receive less than 50.00% of principal, down to zero, matching TSM’s decline on a 1-to-1 basis. Investors do not participate in any upside of TSM beyond coupons, forgo dividends, face limited liquidity, and are fully exposed to BNS’ senior unsecured credit risk, with an estimated value at pricing of $962.60 per $1,000.

The Bank of Nova Scotia is offering $15,311,000 of Autocallable Contingent Coupon Trigger Notes linked to the common stock of NVIDIA Corporation, maturing on December 24, 2026. These unsecured senior notes can be automatically called starting in May 2026 if NVIDIA’s share price on a call observation date is at or above the initial price of $178.88, returning $1,000 per note plus the applicable contingent coupon.

A monthly contingent coupon of $9.875 per $1,000 (0.9875% monthly, up to 11.85% per year) is paid only when NVIDIA’s closing price on an observation date is at or above 59% of the initial price; otherwise no coupon is paid. If the notes are not called and the final price is at or above this 59% trigger, holders receive $1,000 in cash per note plus the final contingent coupon. If the final price is below the trigger, holders receive NVIDIA shares worth less than 59% of principal and no final coupon, meaning a loss of all or a substantial portion of the investment.

The notes are not listed on any exchange and all payments depend on the creditworthiness of The Bank of Nova Scotia. The original issue price is 100% of principal, while the bank’s initial estimated value is $965.15 per $1,000, reflecting embedded fees, commissions and hedging costs.

The Bank of Nova Scotia is offering unsecured Buffered Index-Linked Notes tied to the S&P 500® Index, maturing on March 24, 2027. Each note has a principal amount of $1,000, pays no interest and is designed for investors willing to trade current income for equity-linked payoff at maturity.

At maturity, investors participate in S&P 500 price gains one-for-one up to a maximum upside payment amount expected to be at least $1,120 per $1,000. If the index is flat or down by up to 10%, the payoff is based on the absolute move, so a 5% decline would return 105% of principal. If the index falls by more than 10%, losses resume beyond a 10% buffer and investors can lose up to 90% of principal.

The notes are not insured by the CDIC or FDIC, will not be listed, and all payments depend on the creditworthiness of The Bank of Nova Scotia. The initial estimated value is expected between $925 and $965 per $1,000, below the 100% issue price, reflecting structuring fees (including up to 0.50% to dealers) and hedging costs that may depress any secondary market price.

The Bank of Nova Scotia is offering unsecured Autocallable Digital Trigger Notes linked to the Russell 2000 and S&P 500, maturing in December 2028. The notes pay no interest and are backed only by the bank’s credit. On the December 2026 call observation date, if both indices are at or above their initial levels, the notes are automatically redeemed for $1,000 plus at least a 9.00% call premium per $1,000.

If not called, the maturity payment depends on the worst-performing index. If both final index levels are at or above their initial levels, investors receive the greater of $1,400 per $1,000 or $1,000 plus leveraged upside to the weaker index. If any index finishes below its initial level but both stay at or above 85% of initial, only principal is returned. If either index ends below 85% of its initial level, repayment falls one-for-one with the loss in the weaker index, up to a total loss of principal. The bank’s initial estimated value is between $925 and $965 per $1,000, reflecting embedded costs, and the notes will not be listed, so liquidity may be limited.

The Bank of Nova Scotia is offering senior unsecured Market Linked Securities tied to the common stock of Oklo Inc. These $1,000 face amount notes pay a contingent monthly coupon at a rate of at least 36.15% per annum only if Oklo’s stock closes at or above a coupon threshold equal to 50% of the starting price on the relevant calculation day, with a memory feature that can repay previously missed coupons when the condition is later met.

From June 2026 to November 2026, if Oklo’s stock closes at or above the starting price on any monthly calculation day, the notes are automatically called for 100% of face value plus the applicable coupon and any unpaid coupons. If not called, principal at maturity is fully protected only if the final stock price is at or above a downside threshold set at 50% of the starting price; below that level, repayment is reduced in proportion to the stock’s decline and can result in losing most or all of principal.

The notes do not participate in any upside of Oklo’s stock and pay no dividends. They are not listed on any exchange and all payments are subject to the credit risk of The Bank of Nova Scotia. The Bank’s estimated value is between $894.73 and $924.73 per $1,000 note, reflecting selling costs and hedging profits. Agent discount is up to $15.75 per note, with proceeds to the Bank of $984.25 per note before hedging profits.

The Bank of Nova Scotia is offering senior unsecured Market Linked Securities tied to the EURO STOXX 50® Index, with a face amount of $1,000 per security and total offering of $649,000. These notes mature on May 30, 2029 and pay no interest. At maturity, holders receive $1,000 plus 120.50% of any positive index return; if the index falls by up to the 25% buffer, investors get back the face amount.

If the index declines by more than 25%, investors have 1‑to‑1 downside exposure beyond the buffer and can lose up to 75% of principal. The starting index level is 5,528.67 and the threshold level is 75% of that. The Bank’s estimated value is $952.92 (95.292%) per $1,000 security, reflecting selling costs and hedging. The securities are not listed, carry the credit risk of Bank of Nova Scotia, and are not insured by Canadian or U.S. deposit insurance schemes.

The Bank of Nova Scotia is offering unsecured Capped Trigger Participation Notes linked to the worst performer of the Russell 2000® and S&P 500® indices, maturing in December 2028. The notes pay no interest and all returns come at maturity based on index performance.

If both indices finish above their observation-period lows, you participate in the upside of the weaker index, capped by a maximum payment amount expected to be at least 142.50% of principal. If any index finishes below 80.00% of its initial level, repayment is reduced one-for-one with the loss of the worst index, which can result in a full loss of principal.

The initial estimated value is expected between $925.00 and $965.00 per $1,000, reflecting fees, hedging costs and the bank’s internal funding rate. The notes are not insured, will not be listed on an exchange, and their value is subject to the credit risk of The Bank of Nova Scotia and to market, liquidity and structural risks described in the risk sections.