Bank Nova Scotia SEC Filings

Bank of Nova Scotia (BNS) plans to issue “Buffered Performance Leveraged Upside Securities” (Buffered PLUS) linked to the EURO STOXX 50® Index. The senior unsecured notes carry $1,000 stated principal per unit, price at par on 22 Jul 2025, and mature on 3 Feb 2028. Investors receive no periodic interest; returns are determined entirely at maturity.

Upside mechanics: the notes offer a 200% leverage on any positive index performance, but gains are capped at 32.00%, limiting maximum payment to $1,320. Downside protection: the first 15% decline is buffered; if the index ends ≤15% below its initial level, investors still receive full principal. Beyond that buffer, holders lose 1% of principal for each additional 1% decline, exposing them to losses of up to 85%.

Key structural features and risks: • No listing or secondary-market obligation, so liquidity may be limited. • The issuer’s initial estimated value (≈$930–$960) sits below issue price, reflecting embedded fees (≈$30 per unit) and hedging costs. • All payments depend on BNS’s creditworthiness. • The payout references only the index level on the single valuation date (31 Jan 2028); interim movements are irrelevant. • Investors face typical structured-note risks—including market, currency (euro-zone equities in USD terms), tax uncertainty, and conflicts arising from BNS/SCUSA hedging activities.

In short, the Buffered PLUS combine moderate downside cushioning with leveraged yet capped upside. They suit investors with a moderately bullish 2½-year view on the EURO STOXX 50 who can tolerate principal risk, illiquidity, and issuer credit exposure.

The Bank of Nova Scotia (BNS) has filed an Issuer Free Writing Prospectus for a new structured note offering, the Performance Leveraged Upside SecuritiesSM (PLUS), linked to the EURO STOXX 50® Index (SX5E). The notes are senior unsecured debt under the bank’s Senior Note Program, Series A. Each PLUS has a stated principal of $1,000, an issue price of $1,000, and requires a minimum purchase of one unit. They are expected to price on 17 July 2025, settle on 22 July 2025, and mature on 4 November 2026 (≈ 16-month tenor), subject to standard market-disruption adjustments.

Payment at maturity is entirely contingent on the index performance:

• Upside: 300% leveraged participation when the final index value exceeds the initial value, capped at a 21.40 % maximum gain (maximum payment = $1,214).
• Downside: full 1-for-1 exposure to negative index moves; investors can lose up to their entire principal.

The filing highlights extensive risk factors, including: lack of principal protection, liquidity constraints, limited secondary market making, potential conflicts of interest from BNS/SCUSA hedging, sensitivity to non-U.S. market movements, and uncertain Canadian & U.S. tax treatment. Investors are directed to review the preliminary pricing supplement and related prospectus documents on the SEC’s EDGAR site (CIK 0000009631) before investing.

The Bank of Nova Scotia (BNS) is offering Performance Leveraged Upside Securities (PLUS) linked to the EURO STOXX 50® Index. The notes are senior unsecured obligations under BNS’s Senior Note Program, Series A, priced at $1,000 per note with a minimum investment of one note.

Key economic terms:

• Maturity: approximately 15 months (Pricing Date 7/17/2025; Maturity 11/4/2026).
• Leverage Factor: 300% on positive index performance.
• Maximum Gain: 21.40%; thus maximum payment is $1,214 (121.40% of principal).
• Downside Exposure: investors lose 1% of principal for every 1% decline in the EURO STOXX 50®; no downside buffer.
• No coupon or dividend pass-through; notes will not be listed on any exchange.
• Estimated value at pricing is $941 – $971, below the issue price, reflecting embedded distribution fees of $22.50 per $1,000 (sales commission $17.50, structuring fee $5.00).
• All payments are subject to BNS’s credit risk and the notes are not CDIC/FDIC insured.

The PLUS suit investors expecting moderate appreciation in the EURO STOXX 50® within 15 months and who are willing to accept full downside risk and a hard cap on upside. Illiquidity, valuation discount, and lack of current income are important considerations.

Bank of Nova Scotia has filed a prospectus supplement for Buffered Performance Leveraged Upside Securities (Buffered PLUS) linked to the EURO STOXX 50® Index, due February 3, 2028. These structured notes offer:

• Leveraged Returns: 200% upside participation in index gains, capped at maximum payment of 132% of principal ($1,320 per $1,000 note)
• Downside Protection: 15% buffer against initial losses; if index falls more than 15%, investors lose 1% for each 1% decline beyond buffer
• Key Terms: No periodic interest payments, 30-month maturity, minimum investment of $1,000, minimum payment at maturity of 15% of principal
• Pricing Details: Expected to price July 17, 2025, with estimated value between $929.91-$959.91 per note, below issue price of $1,000

Notes are senior unsecured obligations of Bank of Nova Scotia, subject to credit risk. Not listed on exchanges, not CDIC insured, and investors could lose up to 85% of principal. Designed for investors seeking enhanced index returns with partial downside protection.

JPMorgan Chase Financial Company LLC plans to issue Callable Contingent Interest Notes maturing on July 6, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked individually (not as a basket) to the Dow Jones Industrial Average®, Nasdaq-100 Index® and EURO STOXX 50® Index.

Contingent Coupon. Investors will receive a quarterly Contingent Interest Payment of at least $20.00 per $1,000 principal (≥8.00% p.a.) only if, on the applicable Review Date, the closing level of each index is at or above 70 % of its initial value (the Interest Barrier). If any index breaches that barrier, the coupon for that quarter is forfeited.

Issuer Call Feature. The issuer may redeem the notes in whole (not in part) on any interest payment date beginning January 5, 2026 for $1,000 plus any earned coupon, exposing holders to reinvestment risk if the notes are called when market yields are lower.

Principal Repayment. At maturity, if not previously called, investors receive: (i) $1,000 plus the final coupon if the final level of each index is ≥80 % of its initial level (the Buffer Threshold); or (ii) downside-buffered principal equal to $1,000 + [$1,000 × (Least Performing Index Return + 20 %)]. Because the buffer is only 20 %, a decline of more than 20 % in the worst-performing index results in loss of principal, up to 80 %.

Key Dates & Terms.

• Pricing Date: on/about June 30 2025
• Settlement: on/about July 3 2025
• Review Dates: quarterly, beginning Sept 30 2025; 12 dates total
• Denomination: $1,000
• Estimated value if priced today: $977.40 (≈97.7 % of face); final estimate will not be below $950.

Risk Highlights. Notes are unsecured, subject to JPMorgan credit risk, pay no fixed coupon or dividends, and can lose up to 80 % of principal. Missing any single index barrier on any Review Date eliminates that quarter’s interest. Early redemption is at issuer discretion only.

Bank of Nova Scotia has filed a prospectus supplement for Auto-Callable Trigger PLUS securities linked to the EURO STOXX 50® Index, due August 5, 2030. The securities, priced at $1,000 per unit, offer potential early redemption and conditional principal protection.

Key features include:

• Automatic early redemption payment of $1,158.50 if index closes above initial value on July 24, 2026
• 150% leveraged upside participation if index rises at maturity (if not previously redeemed)
• Principal protection if final index value is above 75% trigger level
• 1:1 downside exposure if index falls below trigger level, with potential for total loss

The securities' estimated value ($924-$954) is below issue price, reflecting embedded costs. Morgan Stanley Wealth Management receives $32.50 per security in combined fees. These unsecured notes carry BNS credit risk and offer no regular interest payments.

Bank of Nova Scotia (BNS) has filed a Rule 424(b)(2) pricing supplement for a new structured note offering under its Senior Note Program, Series A. The Market Linked Securities are auto-callable, principal-at-risk instruments tied to the worst-performing of three megacap U.S. technology stocks—Apple, Amazon and Alphabet—over a term ending 29 June 2028.

Key economic terms:

• Face amount: $1,000 per security; issue price 100%.
• Estimated value: $956.85 (95.685% of face), highlighting a built-in dealer margin and hedging costs.
• Contingent coupon: 18.00% p.a. paid monthly if the lowest-performing stock closes ≥ 80% of its starting price on the relevant calculation day. Missed coupons may be recaptured later via the note’s “memory” feature.
• Automatic call: Beginning September 2025, the note is redeemed at par plus accrued coupons on any monthly observation where the worst-performing stock is ≥ its starting price.
• Downside protection: Protection only down to 70% of starting price. If, at final valuation, the worst-performing stock is < 70%, holders suffer a 1-for-1 loss on the entire decline from the initial level—exposing capital to losses greater than 30% and up to 100%.
• Liquidity / listing: No exchange listing; intended to be held to maturity. Secondary prices likely below face due to a 2.325% selling concession and dealer hedging spread.
• Credit risk: Senior unsecured obligation of BNS; not insured by CDIC or FDIC.

The structure offers an attractive headline yield and early-call potential, but investors assume significant issuer credit risk, equity downside risk and lack any upside participation if the reference shares rally. The note may suit yield-seeking investors with a constructive but not strongly bullish view on the three stocks and a willingness to absorb potential principal loss.

Bank of Nova Scotia has filed a 424B2 for Autocallable Contingent Buffered Return Enhanced Notes linked to an equally weighted basket of 7 equity securities, due June 30, 2027. Key features include:

• Principal Amount: $1,000 per note with $10,000 minimum investment
• 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
• Return Structure: If not called and final basket value exceeds initial value, return = 125% of basket's positive performance
• Downside Protection: 20% buffer; losses of 1.25% for each 1% decline beyond buffer
• Underlying Basket: Equal-weighted exposure to Constellation Energy, Meta, Marvell Technology, Microsoft, NVIDIA, Vertiv Holdings, and Vistra

Initial estimated value between $936.25-$966.25 per $1,000 principal amount. Notes are unsubordinated, unsecured obligations subject to Bank of Nova Scotia's credit risk. No interest payments or dividends. Not CDIC or FDIC insured.

Bank of Nova Scotia has announced Autocallable Fixed Coupon Trigger Notes linked to NVIDIA Corporation stock, due August 11, 2026. The notes offer monthly coupon payments of $9.00 per $1,000 principal (0.90% monthly, up to 10.80% annually).

Key features include:

• Automatic call feature if NVIDIA stock closes at or above initial price on observation dates from January-July 2026
• Principal protection if final stock price is ≥60% of initial price
• Risk of substantial loss if stock falls below 60% threshold
• Initial estimated value between $900-$930 per $1,000 principal

The offering includes underwriting commissions up to 2.15% with minimum bank proceeds of 97.85%. The notes are unsubordinated, unsecured obligations of Bank of Nova Scotia and not insured by CDIC or FDIC. Trading will begin around July 11, 2025 under CUSIP: 06418VWQ3.