Welcome to our dedicated page for Bank Nova Scotia SEC filings (Ticker: BNS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bank of Nova Scotia files regulatory documents with the U.S. Securities and Exchange Commission as a foreign private issuer, providing investors and stakeholders with essential information about the bank's financial condition, operations, and governance. These SEC filings offer detailed disclosures that complement the bank's Canadian regulatory reporting obligations and provide transparency for U.S. investors holding Scotiabank securities traded on the New York Stock Exchange.
The primary SEC filings for Scotiabank include Form 40-F, which serves as the annual report for foreign private issuers and contains comprehensive financial statements, management discussion and analysis, and corporate governance information. The bank also files Form 6-K to report material information and interim financial results that the company makes public in Canada or files with Canadian securities regulators. These reports provide U.S. investors with timely access to the same information available to Canadian shareholders, ensuring consistent disclosure across both markets where the bank's shares trade.
Scotiabank's SEC filings contain detailed financial statements prepared in accordance with International Financial Reporting Standards, along with extensive notes that explain accounting policies, risk management practices, and segment performance across Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets divisions. The filings include quantitative disclosures about credit risk, market risk, liquidity risk, and operational risk, providing investors with insight into the bank's risk management framework and exposure across different geographies and business lines.
Management's discussion and analysis sections within the filings examine financial performance trends, business segment results, capital adequacy, and strategic priorities. These narrative discussions help investors understand the factors driving the bank's results, management's perspective on operating conditions, and forward-looking information about business plans and anticipated developments. Corporate governance disclosures detail board composition, committee structures, executive compensation, and compliance with applicable governance standards.
For investors analyzing Scotiabank, SEC filings represent essential resources for conducting due diligence, evaluating financial performance, assessing risk exposures, and understanding the bank's business model across its domestic Canadian operations and international banking activities in Latin America, the Caribbean, and other markets.
The Bank of Nova Scotia (BNS) is marketing a new Series A Equity-Linked Security (senior, unsecured notes) that references the common stock of NVIDIA Corporation (NVDA). Each security has a $1,000 face amount, is expected to price on 18 July 2025 and settle on 23 July 2025.
Income profile: Investors are eligible for a monthly contingent coupon of at least 13.65% per annum (paid three business days after each calculation day) but only when NVDA’s closing price on the relevant calculation day is at or above the Coupon Threshold = 65 % of the starting price. Missed coupons are not recoverable.
Automatic call: Beginning with the sixth calculation day (January 2026) and extending through June 2026, the notes will be automatically redeemed at par plus the final coupon if NVDA’s closing price on any calculation day equals or exceeds the starting price.
Maturity payoff: If not called, the notes mature on 23 July 2026. • If the ending price ≥ Downside Threshold (65 % of starting price), holders receive par. • Otherwise, repayment equals par × (ending price / starting price), exposing investors to full downside below the 35 % buffer, with maximum loss of 100 %.
Estimated value: If priced today, BNS estimates the fair value at $943.11–$973.11 per $1,000, implying an initial issuer/dealer discount of up to 5.7 %. Scotia Capital Inc. is calculation agent; Scotia Capital (USA) Inc. and Wells Fargo Securities will act as agents, with combined selling concessions and fees of up to 2.9 %.
Key risks disclosed include: potential loss of principal, non-fixed interest, credit risk of BNS, liquidity constraints, single-stock concentration, reinvestment risk on early call, and uncertain tax treatment. The securities are not FDIC-insured.
The term sheet is only a summary; investors should review the full preliminary pricing supplement, product supplement, prospectus supplement and base prospectus filed under SEC Registration No. 333-282565.
Bank of Nova Scotia (BNS) is offering senior unsecured Contingent Income Auto-Callable Securities linked to the common stock of Arista Networks, Inc. (ANET). The notes price on 3 Jul 2025, are issued on 9 Jul 2025 (T+3) and mature on 7 Jul 2028 unless called earlier.
Investors receive a contingent quarterly coupon of $28.70 per $1,000 note (11.48% p.a.) only if ANET’s closing price on the relevant determination date is at least 50 % of the initial share price (the “downside threshold”). Missed coupons can be recovered later through a memory feature.
The notes are auto-callable: if ANET closes at or above 100 % of the initial price on any determination date prior to maturity, holders receive the stated principal plus the applicable coupon (and any unpaid coupons) and the note terminates.
At maturity, if ANET is ≥ 50 % of the initial price, holders receive 100 % principal plus the final coupon and any unpaid coupons. If ANET is < 50 %, repayment equals principal × (final price ÷ initial price), exposing investors to a 1-for-1 loss below the 50 % barrier; recovery may be below 50 % of principal and could be zero.
Key structural points: unsecured credit exposure to BNS; estimated value on pricing date $931.69 – $961.69 (below issue price); sales commission $17.50 and structuring fee $5.00 per note; not listed on any exchange, limiting liquidity; CUSIP 06418VZV9.
These notes suit investors seeking high conditional income and willing to accept equity, issuer-credit, call and liquidity risks, and potential loss of principal.
The Bank of Nova Scotia (BNS) is marketing senior unsecured Market-Linked Securities (Series A) that are auto-callable, pay a monthly contingent coupon and expose investors to contingent downside linked to NVIDIA Corporation common stock.
Key economic terms: Face amount $1,000; pricing date 18 Jul 2025; maturity 23 Jul 2026. The contingent coupon rate will be set on the pricing date at ≥ 13.65% p.a. and is paid only if the NVIDIA closing price on the relevant monthly calculation day is ≥ 65 % of the starting price (the “coupon threshold”). If the threshold is breached on a given month, no coupon is paid for that month.
Automatic call: On any calculation day from Jan-2026 through Jun-2026, if the NVIDIA closing price is ≥ the starting price, the notes are called at par plus the final coupon, ending the trade early.
Principal repayment: If not called, investors receive par at maturity only if the NVIDIA closing price on the final calculation day is ≥ 65 % of the starting price (the “downside threshold”). Otherwise, the maturity payment equals par multiplied by the performance factor (ending ÷ starting price), resulting in a loss of > 35 % and up to 100 % of principal.
Valuation & fees: Indicative estimated value is 94.311 %-97.311 % of face. Agent discount is up to 1.825 % and selling concessions may total 1.175 %. Payments are subject to BNS credit risk; the notes are not FDIC or CDIC insured and will not be listed on any exchange.
Investor considerations: Investors are compensated with a high potential coupon and early-call upside, but accept i) full downside below a 35 % buffer, ii) no participation in NVIDIA upside beyond coupons, iii) issuer credit risk and iv) limited secondary liquidity.
The Bank of Nova Scotia (BNS) has filed an issuer free writing prospectus for Contingent Income Auto-Callable Securities linked to the common stock of Tesla, Inc. (TSLA). Each unlisted note has a $1,000 stated principal, a 3-year tenor (pricing date 3 Jul 2025, maturity 7 Jul 2028) and is issued under BNS’s Senior Note Program, Series A.
Coupon mechanics: Investors may receive a quarterly contingent coupon of $41.625 (≈ 16.65% p.a.) if, on the relevant determination date, Tesla’s closing price is at or above the 50 % downside threshold. Missed coupons “roll forward” under a memory feature and are paid if a later observation meets the threshold. Should Tesla close at or above the 100 % call threshold on any quarterly date (other than the final date), the note is automatically redeemed at par plus the due coupon(s).
Principal repayment: At maturity, if Tesla is ≥ 50 % of the initial price, holders receive par plus the final coupon (and any unpaid coupons). If Tesla is < 50 %, repayment equals par multiplied by the share-performance factor, exposing investors to losses down to 0 % of principal.
Other key terms:
- Estimated value on pricing date: $932.55 – $962.55 (93.3 %–96.3 % of issue price)
- Commission: $22.50 per note
- Listing: None; secondary liquidity expected to be limited and at dealer discretion
- Credit risk: Payments depend on BNS’s ability to pay.
The prospectus highlights extensive risk factors, including loss of principal, coupon non-payment, limited upside, issuer credit exposure, valuation discount, and uncertain tax treatment.
The Bank of Nova Scotia (NYSE: BNS) has filed a preliminary 424(b)(2) pricing supplement for a new structured product: Autocallable Contingent Coupon Buffered Notes linked to Meta Platforms, Inc. Class A shares (META). Key provisional terms follow:
- Issue / Maturity: Expected trade date 22 Jul 2025; maturity 27 Aug 2026 (≈13 months) unless called earlier.
- Contingent Coupon: $5.834 per $1,000 principal (0.5834% monthly, up to ~7.0% p.a.) paid only if META closes ≥ 75% of initial price on the relevant monthly observation date.
- Automatic Call: Notes are redeemed at par plus coupon if META closes ≥ initial price on any monthly observation date from Jan-2026 through Jul-2026.
- Down-side Buffer: 25%. If not called and META’s final price ≥ 75% of initial, investors receive par plus final coupon. If final price < 75%, investors receive $250 cash plus META shares worth 25% of par, exposing them to up to 75% principal loss.
- Credit & Liquidity: Senior unsecured obligations of BNS; not CDIC/FDIC insured; no exchange listing; market-making only on a best-efforts basis.
- Pricing Economics: Initial estimated value $900-$930 (9-10% below issue price) reflecting up to 2.15% underwriting commission, 0.65% structuring fee and hedging costs. Scotia Capital (USA) and Goldman Sachs act as dealers.
- Risk Highlights: contingent, non-guaranteed coupons; limited upside (no equity participation); potential share delivery and adverse tax timing; valuation driven by BNS internal funding rate; conflicts of interest in hedging and secondary pricing.
Overall, the note targets investors seeking enhanced income relative to conventional short-dated debt, willing to accept both issuer credit risk and single-stock downside risk on META, in exchange for a capped return profile and reduced (but not eliminated) loss exposure through a 25% buffer.
The Bank of Nova Scotia (BNS) has filed a Preliminary Pricing Supplement (Form 424B2) for an offering of Contingent Coupon Trigger Notes linked to the common stock of ConocoPhillips (COP).
Key economic terms:
- Principal: $10,000 per note; minimum purchase $10,000.
- Tenor: Approximately 18-month term; maturity expected two business days after the final valuation date.
- Contingent Coupon: $303–$355 per quarter (3.03%–3.55%), equating to 12.12%–14.20% annualized, paid only if COP’s closing price on the relevant observation date is ≥ 80% of the initial price (the “coupon barrier”).
- Observation schedule: Quarterly, beginning three months after trade date and ending on the final valuation date.
- Redemption at maturity: • If COP ≥ 80% of initial price, holders receive $10,000 plus the final contingent coupon. • If COP < 80% of initial price, holders receive COP shares valued at <80% of principal; no coupon is paid, resulting in a potential substantial or total loss of principal.
- Initial estimated value: $9,356–$9,656 per $10,000 note—3.4%–6.4% below issue price—reflecting BNS’s internal funding rate and hedging costs.
- Underwriting commission: 1.49% of principal; net proceeds to BNS ≈ 98.51%.
Risk considerations:
- Unsecured, unsubordinated obligations of BNS; repayment subject to the bank’s creditworthiness.
- Exposure to COP share price; negative performance below the 80% threshold delivers shares, not cash.
- No listing; secondary market liquidity depends on Scotia Capital (USA) Inc., which is not obligated to make a market.
- Estimated value is below issue price; purchasers face an immediate economic loss at issuance.
- Contingent coupons are not guaranteed and can be missed on any observation date if the barrier is breached.
The notes offer a high potential coupon in exchange for equity downside risk and credit risk. Investors must weigh the attractive yield against the possibility of receiving depreciated COP shares and the limited liquidity of the instrument.
Instrument: Bank of Nova Scotia Senior Note Program Series A – Autocallable Contingent Coupon Trigger Notes linked to Advanced Micro Devices, Inc. (AMD) common stock.
Size & Terms: Aggregate principal of $4.601 million, $1,000 denominations, issued at 100% of par (CUSIP 06418VWH3), trade date 24 Jun 2025, issue date 27 Jun 2025 (T+3), maturity 29 Jul 2026.
Contingent Coupon: $10.834 per $1,000 note (1.0834% monthly, ≈13.0% p.a.) paid only when AMD closes at or above 60% of the $138.43 initial price on each monthly observation date; no payment otherwise.
Automatic Call: From Dec 2025 to Jun 2026, the notes are redeemed at par plus coupon if AMD closes at or above the initial price on any observation date.
Principal Repayment: At maturity investors receive par plus coupon if AMD ≥60% of initial; if AMD <60%, holders receive AMD shares worth <60% of par, resulting in a substantial to total loss of principal.
Risk Disclosure: Notes are unsubordinated, unsecured obligations of BNS, not CDIC/FDIC insured. Initial estimated value $975.54 (97.554% of par) reflects the bank’s internal funding rate, 2.15% underwriting commission, structuring costs and hedging. Secondary‐market liquidity is not assured and GS&Co. bid/ask spread amortises to zero by 24 Sep 2025.
Distribution & Proceeds: Scotia Capital (USA) Inc. and Goldman Sachs & Co. LLC act as dealers; proceeds to BNS total $4.502 million (97.85% of par). Notes will not be listed on any exchange.
Investor Considerations: Product offers above-market income potential and early-call upside, balanced by issuer credit exposure, AMD equity risk below the 60% barrier, and limited liquidity.
Bank of Nova Scotia (BNS) is offering Contingent Income Auto-Callable Securities linked to the common stock of Tesla, Inc. (TSLA). The senior unsecured notes, issued under BNS’ Senior Note Program, Series A, will mature on or about 7 July 2028 unless automatically redeemed earlier.
Coupon mechanics. Investors may receive a quarterly contingent coupon of US$41.625 per US$1,000 principal (16.65% p.a.) on each determination date where TSLA’s closing price is at least 50% of the initial share price (the downside threshold). Missed coupons can be recovered later under the “memory” feature.
Auto-call. If on any non-final determination date TSLA closes at or above 100% of the initial share price (call threshold), the note is redeemed at par plus the applicable coupon (and any unpaid coupons). After redemption, no further payments are made.
Principal risk. At maturity, if TSLA is below the 50% downside threshold, repayment equals the principal multiplied by the share performance factor (final price/initial price), exposing investors to a 1-for-1 loss below the threshold and possibly complete loss of principal. If TSLA is at or above the threshold, investors receive par plus any due coupons.
Issue economics. • Issue price: US$1,000 per note. • Estimated value: US$932.55–US$962.55 (below issue price). • Sales commission: US$17.50 and structuring fee: US$5.00 per US$1,000, paid to Morgan Stanley Wealth Management. • Minimum investment: US$1,000. • Notes will not be listed on any exchange and are subject to BNS credit risk.
Key dates. Pricing: 3 July 2025. Issue: 9 July 2025 (T+3). Twelve quarterly determination dates run from 3 Oct 2025 to 3 Jul 2028; payment dates follow five business days later.
Risk disclosures. The notes do not guarantee principal, interest, or secondary-market liquidity. Investors bear issuer credit risk, TSLA market risk, and may receive no coupons.
Bank of Nova Scotia (BNS) is marketing an 18-month, unsecured structured note that pays a fixed quarterly coupon but exposes principal to Tesla, Inc. (TSLA) share performance. The Fixed Coupon Trigger Notes are offered at par in $10,000 denominations and promise quarterly cash coupons of $441-$518 per note (4.41%-5.18% quarterly, up to 17.64%-20.72% p.a.), beginning roughly three months after trade date and ending at maturity. Principal repayment is contingent on TSLA holding at or above an 80% downside ‘trigger’ relative to the yet-to-be-set initial price on the valuation date. If TSLA closes below that level, investors receive a physical share delivery amount worth less than 80% of par, incurring substantial loss. The notes will not be listed, and secondary liquidity depends solely on Scotia Capital (USA) Inc., which is not obliged to make a market. The preliminary estimated value is $9,353-$9,653 per $10,000, reflecting BNS’s internal funding rate and built-in dealer compensation, meaning investors pay a premium to intrinsic value. In addition to equity risk, holders face credit risk of BNS; the notes are senior but unsecured and are not insured by CDIC or FDIC. Underwriting commissions total 1.49% of principal, and proceeds to BNS are 98.51%. Settlement will occur on a T+5 basis, creating potential trading frictions. Investors forgo dividends, voting rights and other direct benefits of TSLA ownership.
The Bank of Nova Scotia (BNS) is marketing Contingent Income Auto-Callable Securities (senior unsecured notes) linked to the common stock of Palantir Technologies Inc. (ticker: PLTR UW). Each $1,000 note may be automatically called quarterly if PLTR’s closing price on a determination date is at least its initial price. Upon an early call, investors receive the stated principal plus the applicable contingent coupon and any previously unpaid coupons.
Income mechanics: The note pays a contingent coupon of $47.875 per quarter (19.15% p.a.) only when PLTR closes on or above the 50 % downside threshold; missed coupons can be recovered later through a “memory” feature if the threshold is met on a subsequent date.
Maturity outcomes (July 7 2028):
- If PLTR’s final price is ≥ 50 % of its initial price, investors receive full principal plus any due coupons.
- If the final price is < 50 %, repayment is proportional to share performance, exposing investors to losses of more than 50 % and potentially total loss.
Key structural terms: Pricing date July 3 2025; issue date July 9 2025; CUSIP 06418VZW7; not exchange-listed. Estimated value at pricing is $934.70–$964.70, below the $1,000 issue price, reflecting built-in fees (including a $22.50 commission).
Principal risks outlined: loss of principal if PLTR drops below the 50 % threshold; possibility of receiving no coupons; reinvestment risk upon early call; limited liquidity and secondary pricing based on Scotia Capital (USA)’s valuations; payments subject to BNS credit risk; complex tax treatment; potential conflicts from hedging and market-making activities by BNS and its affiliates.
FAQ
What is the current stock price of Bank Nova Scotia (BNS)?
What is the market cap of Bank Nova Scotia (BNS)?
