Bank Nova Scotia SEC Filings

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.

The Bank of Nova Scotia (BNS) is offering US$4.9 million of Trigger Autocallable GEARS linked to the EURO STOXX 50 Index, maturing 27 June 2030. These senior unsecured notes carry no periodic interest and expose holders to the credit risk of BNS plus market risk of the index.

Key economic terms:

• Issue price: $10.00 per note; minimum investment 100 notes.
• Initial estimated value: $9.67 (reflects fees/hedging costs).
• Autocall barrier: 100 % of the initial level (5,297.07).
• Call observation: 1 July 2026; if met, investor receives principal plus an 18 % call return and the note terminates.
• Upside gearing: 1.72× participation in positive index performance at maturity (if not called).
• Downside threshold: 75 % of initial level (3,972.80). If final index level is below this, loss of principal is 1-for-1 with index decline, up to total loss.

Settlement is T+3 on 27 June 2025; secondary trades will normally settle T+1. Notes will not be listed; liquidity is expected to be limited and pricing will reflect dealer spreads and hedging.

Risk highlights: Investors face full market downside below the threshold, no interim coupons, an initial value below par, and reliance on BNS creditworthiness. The product is suitable only for investors who can tolerate significant loss and who believe the index will stay at or above the autocall barrier within one year or exceed the initial level by maturity.

Bank of Nova Scotia (BNS) is offering US$7.58 million of Contingent Income Auto-Callable Securities due 23 June 2028, linked to CrowdStrike Holdings (CRWD) common stock. The notes are senior unsecured obligations under BNS’s Senior Note Program, Series A, but principal repayment is NOT guaranteed and all payments depend on BNS’s creditworthiness.

Key commercial terms:

• Issue price: US$1,000 per note; minimum investment one note.
• Estimated value at pricing: US$964.50 (3.55% below issue price).
• Quarterly contingent coupon: US$28.225 (11.29% p.a.) paid only if CRWD closes ≥ 50% of initial price (US$238.15) on a determination date; missed coupons can be “made up” later via a memory feature.
• Automatic call: if CRWD closes ≥ 100% of initial price (US$476.30) on any determination date other than final, investors receive principal plus the applicable coupon(s) and the note terminates early.
• Downside risk: if final price < 50% of initial, repayment is principal × (final ÷ initial); loss of > 50% (up to total loss) is possible.
• Maturity: 23 June 2028 unless earlier called; 12 scheduled determination dates beginning 22 Sep 2025.
• Distribution costs: total selling concession and structuring fee equal to US$22.50 (2.25%) per note.
• No listing; secondary liquidity, if any, will be limited and at prices set by dealers.

These securities suit investors seeking potentially high income and willing to accept: (i) equity-level downside, (ii) the possibility of zero coupons, (iii) credit risk of BNS, and (iv) limited liquidity. The small issuance size makes the transaction immaterial to BNS’s overall capital structure.

Bank of Nova Scotia (BNS) is offering $15.269 million of Contingent Income Auto-Callable Securities linked to the American Depositary Receipts of Arm Holdings plc (ARM UW). The notes are senior unsecured obligations issued under BNS’s Senior Note Program, Series A, and mature on 23 June 2028 unless called earlier.

Key economic terms

• Issue price / principal: $1,000 per note; minimum investment one note.
• Contingent coupon: $40.00 per quarter (16.0% p.a.) paid only if the ARM closing price on a determination date is ≥ 50% of the initial share price ($72.52). A memory feature allows previously missed coupons to be paid if a later observation meets the condition.
• Auto-call: If ARM closes ≥ 100% of the initial share price ($145.04) on any observation date prior to maturity, the notes are redeemed at par plus the current and any unpaid coupons.
• Principal repayment: • If final price ≥ $72.52: par plus any due coupons. • If final price < $72.52: repayment equals par × (final/initial). Principal loss is one-for-one with ARM’s decline below the 50% threshold and can reach 100%.
• Observation / payment dates: Quarterly from Sept 2025 through maturity (12 in total).
• Estimated value: $959.50 (≈ 4.0% below issue price) reflecting dealer discount and hedging costs.
• Fees: $22.50 per note (2.25%) split between a $17.50 sales commission and a $5.00 structuring fee payable to Morgan Stanley Wealth Management.
• Settlement: Pricing 20 June 2025 (T+3); original issue 25 June 2025.
• Listing: None; liquidity only via over-the-counter trading.

Risk highlights

• Principal at risk: Investors may lose more than 50%—up to their entire investment—if ARM falls below the downside threshold at maturity.
• Coupon uncertainty: Coupons are contingent; investors could receive no income for the full term.
• Credit exposure: All payments rely on BNS; the notes are not CDIC or FDIC insured.
• Market, liquidity and valuation risk: The notes are unlisted, include embedded fees and their secondary value may be well below issue price.

These securities suit investors comfortable with single-stock risk, potential loss of principal and uncertain income in exchange for a high conditional coupon and possible early redemption.

Bank of Nova Scotia (NYSE:BNS) filed a Rule 424(b)(2) prospectus supplement for a $36.266 million securities offering titled “Contingent Income Auto-Callable Securities due June 23 2028” linked to the common stock of NVIDIA Corporation (NVDA).

The senior unsecured notes are part of BNS’ Senior Note Program, Series A and carry principal-at-risk. Key terms include:

• Contingent quarterly coupon: $27.625 per $1,000 note (11.05% p.a.) paid only when NVDA’s closing price on a determination date is ≥ 50% of the initial share price ($71.925). Missed coupons may be “caught up” later via the memory feature.
• Automatic redemption: If NVDA closes ≥ 100% of the initial share price ($143.85) on any quarterly determination date before maturity, investors receive the stated principal plus the applicable coupon and any unpaid coupons; no further payments follow.
• Maturity payment: At maturity on June 23 2028, holders get principal plus coupon if NVDA is ≥ 50% of initial price; otherwise they receive principal multiplied by the share-performance factor, potentially down to zero.
• Estimated value: $964.53 per $1,000, below the $1,000 issue price.
• Distribution costs: $17.50 sales commission and $5.00 structuring fee per $1,000, leaving net proceeds of $977.50 to BNS.
• Liquidity & listing: The notes will not be listed on any exchange; secondary trading may be limited.

All payments depend on BNS creditworthiness; the notes are not insured by CDIC or FDIC. The filing emphasizes risks such as loss of principal, coupon non-payment, valuation discounts, and lack of liquidity.