[Form 4] Seacoast Banking Corp of Florida Insider Trading Activity

Q: What is the ticker symbol for Bank of Nova Scotia’s new notes?

The CUSIP/ISIN is 06419DBP7 / US06419DBP78 ; the notes themselves are not exchange-listed.

Q: Is my principal protected on these BNS notes?

No. Principal is at risk. You could lose some or all of your investment if NVDA falls more than 20% or if BNS defaults.

Q: Are the notes insured by CDIC or FDIC?

No. The notes are unsecured obligations of BNS and are not insured by CDIC, FDIC or any government agency.

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

The Bank of Nova Scotia (BNS) is offering Autocallable Buffered Equity-Linked Notes linked to the common stock of NVIDIA Corporation (NVDA). The notes are senior, unsecured and unsubordinated obligations of BNS issued under its Senior Note Program, Series A. They do not pay periodic interest and will be issued at 100% of principal on 22 July 2025 (T+5 settlement).

Key economic terms

Principal amount: $1,000 per note; minimum investment $1,000.
Term: approximately 24 months, maturing 14 July 2027 unless automatically called.
Initial price of NVDA (strike): $164.92 (close on 11 July 2025).
Automatic call observation: 23 July 2026. If NVDA closes at or above the initial price, investors receive on 27 July 2026:
• $1,000 + ($1,000 × 21.50%) = $1,215 per note; no further payments.
If not called, payment at maturity depends on NVDA’s final price:
- Above initial price – full upside exposure (no cap).
- 0% to –20% decline – positive return equal to the absolute decline (max 20%), capped at $1,200.
- Below –20% – investor loses 1.25% for every additional 1% drop (buffer rate 125%), exposing principal to up to 100% loss.
Buffer: 20% (buffer price $131.936).
Initial estimated value: $939.21–$969.21, below issue price due to selling commissions (1.50%) and hedging costs.
Listing: none; secondary market liquidity solely at dealers’ discretion.
Issuer credit: Payments depend on BNS’s ability to pay; the notes are not CDIC or FDIC insured.

Risk highlights

Principal at risk; accelerated downside beyond 20% decline.
No interest or dividends; return limited to 21.5% if called.
Estimated value below offer price implies negative yield at issuance.
Market value may be volatile and influenced by BNS hedging, NVDA price moves, interest-rate changes and BNS credit perception.
Notes are subject to conflicts of interest: Scotia Capital (USA) Inc. (affiliate) and Goldman Sachs act as dealers and hedging counterparties.

Use of proceeds – general corporate purposes. Underwriter proceeds to BNS are 98.50% of face value.

Investors should assess suitability carefully, noting the complex payoff, potential total loss of capital and limited liquidity.

La Bank of Nova Scotia (BNS) offre Note Autocallable Buffered Equity-Linked legate alle azioni ordinarie di NVIDIA Corporation (NVDA). Le note sono obbligazioni senior, non garantite e non subordinate di BNS emesse nell'ambito del suo Programma Senior Note, Serie A. Non pagano interessi periodici e saranno emesse al 100% del capitale il 22 luglio 2025 (regolamento T+5).

Termini economici principali

Importo nominale: 1.000 $ per nota; investimento minimo 1.000 $.
Durata: circa 24 mesi, scadenza il 14 luglio 2027 salvo richiamo automatico.
Prezzo iniziale di NVDA (strike): 164,92 $ (chiusura 11 luglio 2025).
Osservazione per richiamo automatico: 23 luglio 2026. Se NVDA chiude al pari o sopra il prezzo iniziale, gli investitori riceveranno il 27 luglio 2026:
• 1.000 $ + (1.000 $ × 21,50%) = 1.215 $ per nota; nessun pagamento ulteriore.
Se non richiamate, il pagamento a scadenza dipende dal prezzo finale di NVDA:
- Superiore al prezzo iniziale – piena esposizione al rialzo (senza limite).
- Calata tra 0% e –20% – rendimento positivo pari al calo assoluto (massimo 20%), limitato a 1.200 $.
- Sotto il –20% – l’investitore perde l’1,25% per ogni ulteriore 1% di ribasso (buffer al 125%), esponendo il capitale a una perdita fino al 100%.
Buffer: 20% (prezzo buffer 131,936 $).
Valore stimato iniziale: 939,21 $–969,21 $, inferiore al prezzo di emissione a causa di commissioni di vendita (1,50%) e costi di copertura.
Quotazione: nessuna; liquidità sul mercato secondario solo a discrezione dei dealer.
Credito emittente: i pagamenti dipendono dalla capacità di BNS di pagare; le note non sono assicurate da CDIC o FDIC.

Rischi principali

Capitale a rischio; perdita accelerata oltre il 20% di ribasso.
Nessun interesse o dividendi; rendimento limitato al 21,5% in caso di richiamo.
Valore stimato inferiore al prezzo di offerta implica rendimento negativo all’emissione.
Il valore di mercato può essere volatile e influenzato dalle coperture di BNS, dai movimenti del prezzo NVDA, dai tassi d’interesse e dalla percezione del credito BNS.
Note soggette a conflitti di interesse: Scotia Capital (USA) Inc. (affiliata) e Goldman Sachs agiscono come dealer e controparti di copertura.

Utilizzo dei proventi – finalità generali aziendali. I proventi per l’emittente sono il 98,50% del valore nominale.

Gli investitori devono valutare attentamente l’idoneità, considerando la complessità del payoff, il rischio di perdita totale del capitale e la limitata liquidità.

El Banco de Nueva Escocia (BNS) ofrece Notas Autollamables Vinculadas a Acciones con Protección Ligada a las acciones ordinarias de NVIDIA Corporation (NVDA). Las notas son obligaciones senior, no garantizadas y no subordinadas de BNS emitidas bajo su Programa de Notas Senior, Serie A. No pagan intereses periódicos y se emitirán al 100% del principal el 22 de julio de 2025 (liquidación T+5).

Términos económicos clave

Monto principal: 1.000 $ por nota; inversión mínima 1.000 $.
Plazo: aproximadamente 24 meses, vencimiento el 14 de julio de 2027 a menos que sea llamado automáticamente.
Precio inicial de NVDA (strike): 164,92 $ (cierre 11 de julio de 2025).
Observación para llamado automático: 23 de julio de 2026. Si NVDA cierra en o por encima del precio inicial, los inversores recibirán el 27 de julio de 2026:
• 1.000 $ + (1.000 $ × 21,50%) = 1.215 $ por nota; sin pagos adicionales.
Si no es llamado, el pago al vencimiento depende del precio final de NVDA:
- Por encima del precio inicial – exposición total al alza (sin límite).
- Caída entre 0% y –20% – retorno positivo igual a la caída absoluta (máximo 20%), limitado a 1.200 $.
- Por debajo del –20% – el inversor pierde 1,25% por cada 1% adicional de caída (tasa de protección 125%), exponiendo el principal a una pérdida de hasta el 100%.
Protección: 20% (precio de protección 131,936 $).
Valor estimado inicial: 939,21 $–969,21 $, por debajo del precio de emisión debido a comisiones de venta (1,50%) y costos de cobertura.
Listado: ninguno; liquidez en mercado secundario únicamente a discreción de los distribuidores.
Crédito del emisor: los pagos dependen de la capacidad de BNS para pagar; las notas no están aseguradas por CDIC ni FDIC.

Aspectos destacados de riesgo

Principal en riesgo; pérdida acelerada más allá del 20% de caída.
No pagan intereses ni dividendos; retorno limitado al 21,5% si es llamado.
Valor estimado por debajo del precio de oferta implica rendimiento negativo al momento de emisión.
El valor de mercado puede ser volátil y estar influenciado por la cobertura de BNS, movimientos del precio de NVDA, cambios en tasas de interés y percepción crediticia de BNS.
Las notas están sujetas a conflictos de interés: Scotia Capital (USA) Inc. (afiliada) y Goldman Sachs actúan como distribuidores y contrapartes de cobertura.

Uso de los ingresos – fines corporativos generales. Los ingresos para el emisor son el 98,50% del valor nominal.

Los inversores deben evaluar cuidadosamente la idoneidad, considerando la complejidad del pago, el riesgo de pérdida total del capital y la liquidez limitada.

노바스코샤 은행(BNS)은 NVIDIA Corporation(NVDA)의 보통주와 연계된 자동상환형 버퍼드 주식연계 노트를 제공합니다. 해당 노트는 BNS의 시니어 노트 프로그램 시리즈 A에 따라 발행된 선순위, 무담보, 비후순위 채무입니다. 이 노트는 정기 이자를 지급하지 않으며, 2025년 7월 22일(거래일 기준 T+5) 원금 100%로 발행됩니다.

주요 경제 조건

원금: 노트당 1,000달러; 최소 투자금액 1,000달러.
만기: 약 24개월, 2027년 7월 14일 만기 단 자동상환 시 제외.
NVDA 초기 가격(행사가): 164.92달러 (2025년 7월 11일 종가).
자동상환 관찰일: 2026년 7월 23일. NVDA가 초기 가격 이상으로 마감하면 투자자는 2026년 7월 27일에 다음을 수령:
• 1,000달러 + (1,000달러 × 21.50%) = 노트당 1,215달러; 이후 추가 지급 없음.
자동상환되지 않을 경우 만기 시 지급금은 NVDA 최종 가격에 따라 결정:
- 초기 가격 초과 – 상한 없는 전면 상승 수익 노출.
- 0%에서 –20% 하락 – 절대 하락률(최대 20%)에 해당하는 긍정 수익, 최대 1,200달러 한도.
- –20% 미만 – 추가 1% 하락 시 1.25% 손실 발생(버퍼율 125%), 원금 최대 100% 손실 가능성.
버퍼: 20% (버퍼 가격 131.936달러).
초기 추정 가치: 939.21~969.21달러, 판매 수수료(1.50%) 및 헤지 비용으로 인해 발행가 이하.
상장: 없음; 2차 시장 유동성은 딜러 재량에 따름.
발행자 신용도: 지급은 BNS의 지급 능력에 의존; 노트는 CDIC 또는 FDIC 보험 대상 아님.

주요 위험 사항

원금 위험; 20% 하락 초과 시 손실 가속화.
이자 또는 배당금 없음; 자동상환 시 최대 21.5% 수익 제한.
추정 가치가 제안 가격보다 낮아 발행 시 음의 수익률.
시장 가치는 BNS 헤지, NVDA 가격 변동, 금리 변화 및 BNS 신용 인식에 따라 변동 가능.
노트는 이해 상충 가능성 있음: Scotia Capital (USA) Inc.(계열사) 및 Goldman Sachs가 딜러 및 헤지 상대방으로 활동.

자금 사용처 – 일반 기업 목적. 인수자 수익은 액면가의 98.50%.

투자자는 복잡한 수익 구조, 자본 전액 손실 가능성 및 제한된 유동성을 고려하여 적합성을 신중히 평가해야 합니다.

La Banque de Nouvelle-Écosse (BNS) propose des Notes Autocallables à Effet Tampon liées aux actions ordinaires de NVIDIA Corporation (NVDA). Ces notes sont des obligations senior, non garanties et non subordonnées de BNS, émises dans le cadre de son Programme de Notes Senior, Série A. Elles ne versent pas d’intérêts périodiques et seront émises à 100 % du principal le 22 juillet 2025 (règlement T+5).

Principaux termes économiques

Montant principal : 1 000 $ par note ; investissement minimum de 1 000 $.
Durée : environ 24 mois, échéance le 14 juillet 2027 sauf rappel automatique.
Prix initial de NVDA (prix d’exercice) : 164,92 $ (clôture du 11 juillet 2025).
Observation du rappel automatique : 23 juillet 2026. Si NVDA clôture au-dessus ou à égalité du prix initial, les investisseurs recevront le 27 juillet 2026 :
• 1 000 $ + (1 000 $ × 21,50 %) = 1 215 $ par note ; aucun paiement ultérieur.
Si non rappelées, le paiement à l’échéance dépendra du prix final de NVDA :
- Au-dessus du prix initial – exposition totale à la hausse (sans plafond).
- Baisse entre 0 % et –20 % – rendement positif égal à la baisse absolue (maximum 20 %), plafonné à 1 200 $.
- En dessous de –20 % – l’investisseur perd 1,25 % pour chaque baisse supplémentaire de 1 % (taux de tampon 125 %), exposant le principal à une perte pouvant atteindre 100 %.
Effet tampon : 20 % (prix tampon 131,936 $).
Valeur estimée initiale : 939,21 $–969,21 $, inférieure au prix d’émission en raison des commissions de vente (1,50 %) et des coûts de couverture.
Cotation : aucune ; liquidité sur le marché secondaire uniquement à la discrétion des teneurs de marché.
Crédit de l’émetteur : les paiements dépendent de la capacité de BNS à payer ; les notes ne sont pas assurées par la CDIC ou la FDIC.

Points clés de risque

Capital à risque ; perte accélérée au-delà d’une baisse de 20 %.
Pas d’intérêts ni de dividendes ; rendement limité à 21,5 % en cas de rappel.
Valeur estimée inférieure au prix d’offre impliquant un rendement négatif à l’émission.
La valeur de marché peut être volatile et influencée par la couverture de BNS, les mouvements du prix de NVDA, les variations des taux d’intérêt et la perception du crédit de BNS.
Les notes sont soumises à des conflits d’intérêts : Scotia Capital (USA) Inc. (filiale) et Goldman Sachs agissent en tant que teneurs de marché et contreparties de couverture.

Utilisation des fonds – objectifs généraux de l’entreprise. Les produits nets pour l’émetteur représentent 98,50 % de la valeur nominale.

Les investisseurs doivent évaluer soigneusement l’adéquation, en tenant compte de la complexité du paiement, du risque de perte totale du capital et de la liquidité limitée.

Die Bank of Nova Scotia (BNS) bietet Autocallable Buffered Equity-Linked Notes, die an die Stammaktien der NVIDIA Corporation (NVDA) gebunden sind. Die Notes sind vorrangige, unbesicherte und nicht nachrangige Verbindlichkeiten von BNS, ausgegeben im Rahmen ihres Senior Note Programms, Serie A. Sie zahlen keine periodischen Zinsen und werden am 22. Juli 2025 (T+5 Abwicklung) zum Nennwert von 100 % ausgegeben.

Wichtige wirtschaftliche Bedingungen

Nennbetrag: 1.000 $ pro Note; Mindestanlage 1.000 $.
Laufzeit: ca. 24 Monate, Fälligkeit am 14. Juli 2027 sofern nicht automatisch zurückgerufen.
Ausgangskurs NVDA (Strike): 164,92 $ (Schlusskurs am 11. Juli 2025).
Automatische Rückrufbeobachtung: 23. Juli 2026. Schließt NVDA auf oder über dem Anfangskurs, erhalten Anleger am 27. Juli 2026:
• 1.000 $ + (1.000 $ × 21,50 %) = 1.215 $ pro Note; keine weiteren Zahlungen.
Wenn nicht zurückgerufen, hängt die Zahlung bei Fälligkeit vom Endkurs von NVDA ab:
- Über dem Anfangskurs – volle Aufwärtsbeteiligung (ohne Begrenzung).
- Rückgang zwischen 0 % und –20 % – positive Rendite entsprechend dem absoluten Rückgang (max. 20 %), begrenzt auf 1.200 $.
- Unter –20 % – Anleger verliert 1,25 % für jeden weiteren 1 % Kursrückgang (Buffer-Rate 125 %), wodurch das Kapital einem Verlust von bis zu 100 % ausgesetzt ist.
Buffer: 20 % (Buffer-Preis 131,936 $).
Geschätzter Anfangswert: 939,21 $–969,21 $, unter dem Ausgabepreis aufgrund von Verkaufsprovisionen (1,50 %) und Absicherungskosten.
Notierung: keine; Sekundärmarktliquidität liegt ausschließlich im Ermessen der Händler.
Emittenten-Kreditrisiko: Zahlungen hängen von der Zahlungsfähigkeit der BNS ab; die Notes sind weder durch CDIC noch FDIC versichert.

Risikohighlights

Kapital ist gefährdet; beschleunigte Verluste bei einem Rückgang von mehr als 20 %.
Keine Zinsen oder Dividenden; Rendite auf 21,5 % begrenzt, falls zurückgerufen.
Geschätzter Wert unter dem Angebotspreis bedeutet negative Rendite bei Emission.
Marktwert kann volatil sein und wird beeinflusst durch BNS-Absicherungen, NVDA-Kursbewegungen, Zinsänderungen und BNS-Kreditwahrnehmung.
Notes unterliegen Interessenkonflikten: Scotia Capital (USA) Inc. (Tochtergesellschaft) und Goldman Sachs fungieren als Händler und Absicherungsgegenseite.

Verwendung der Erlöse – allgemeine Unternehmenszwecke. Die Erlöse für den Emittenten betragen 98,50 % des Nennwerts.

Anleger sollten die Eignung sorgfältig prüfen und die komplexe Auszahlungsstruktur, das Risiko eines Totalverlusts sowie die eingeschränkte Liquidität berücksichtigen.

Positive

21.50% call premium payable after roughly 12 months if NVDA closes at or above the strike price.
20% downside buffer shields principal against moderate declines in NVDA.
Participation in unlimited upside if notes are not called and NVDA appreciates by maturity.
Absolute return feature offers positive payout on moderate declines (0% to –20%).

Negative

Principal at full risk; losses accelerate 1.25× beyond 20% drop, up to 100% loss.
No periodic interest or dividends; negative carry versus conventional debt.
Initial estimated value (≤ $969.21) is below issue price, implying upfront value loss.
Illiquid; not listed, secondary trading solely at dealer discretion, potential wide bid-ask spread.
Return is capped at 21.5% if automatically called, limiting upside relative to owning NVDA shares.
Unsecured exposure to BNS credit risk; no CDIC/FDIC insurance.

Insights

TL;DR Two-year Nvidia-linked note offers 21.5% call premium and 20% buffer but carries full principal risk, illiquidity and pricing below par.

The note provides an attractive 21.5% fixed return if NVDA merely holds its initial level after 12 months. The 20% downside buffer plus absolute-return feature on small declines may appeal to investors seeking conditional protection. However, once the buffer is breached, losses accelerate at 1.25×, exposing buyers to a total loss if NVDA falls 100%. The lack of periodic coupons, combined with an initial estimated value up to 6.1% below issue price, embeds a negative carry from day one. Absence of listing and dealer discretion over secondary markets restrict exit options. Overall risk/return looks balanced but suitable only for investors comfortable with both BNS credit exposure and Nvidia share volatility.

TL;DR Note adds immaterial funding for BNS; credit risk for holders remains senior unsecured exposure to AA- rated bank.

For Bank of Nova Scotia the transaction represents routine structured-note funding: size unspecified but likely de minimis relative to its C$1 trn balance sheet. The notes rank pari passu with other senior debt and are not bail-inable under Canadian rules. From a credit standpoint investors rely entirely on BNS; any deterioration in its credit spreads would pressure secondary pricing. There is no material impact on BNS’s leverage or capital metrics.

Termini economici principali

Importo nominale: 1.000 $ per nota; investimento minimo 1.000 $.
Durata: circa 24 mesi, scadenza il 14 luglio 2027 salvo richiamo automatico.
Prezzo iniziale di NVDA (strike): 164,92 $ (chiusura 11 luglio 2025).
Osservazione per richiamo automatico: 23 luglio 2026. Se NVDA chiude al pari o sopra il prezzo iniziale, gli investitori riceveranno il 27 luglio 2026:
• 1.000 $ + (1.000 $ × 21,50%) = 1.215 $ per nota; nessun pagamento ulteriore.
Se non richiamate, il pagamento a scadenza dipende dal prezzo finale di NVDA:
- Superiore al prezzo iniziale – piena esposizione al rialzo (senza limite).
- Calata tra 0% e –20% – rendimento positivo pari al calo assoluto (massimo 20%), limitato a 1.200 $.
- Sotto il –20% – l’investitore perde l’1,25% per ogni ulteriore 1% di ribasso (buffer al 125%), esponendo il capitale a una perdita fino al 100%.
Buffer: 20% (prezzo buffer 131,936 $).
Valore stimato iniziale: 939,21 $–969,21 $, inferiore al prezzo di emissione a causa di commissioni di vendita (1,50%) e costi di copertura.
Quotazione: nessuna; liquidità sul mercato secondario solo a discrezione dei dealer.
Credito emittente: i pagamenti dipendono dalla capacità di BNS di pagare; le note non sono assicurate da CDIC o FDIC.

Rischi principali

Capitale a rischio; perdita accelerata oltre il 20% di ribasso.
Nessun interesse o dividendi; rendimento limitato al 21,5% in caso di richiamo.
Valore stimato inferiore al prezzo di offerta implica rendimento negativo all’emissione.
Il valore di mercato può essere volatile e influenzato dalle coperture di BNS, dai movimenti del prezzo NVDA, dai tassi d’interesse e dalla percezione del credito BNS.
Note soggette a conflitti di interesse: Scotia Capital (USA) Inc. (affiliata) e Goldman Sachs agiscono come dealer e controparti di copertura.

Utilizzo dei proventi – finalità generali aziendali. I proventi per l’emittente sono il 98,50% del valore nominale.

Gli investitori devono valutare attentamente l’idoneità, considerando la complessità del payoff, il rischio di perdita totale del capitale e la limitata liquidità.

Términos económicos clave

Monto principal: 1.000 $ por nota; inversión mínima 1.000 $.
Plazo: aproximadamente 24 meses, vencimiento el 14 de julio de 2027 a menos que sea llamado automáticamente.
Precio inicial de NVDA (strike): 164,92 $ (cierre 11 de julio de 2025).
Observación para llamado automático: 23 de julio de 2026. Si NVDA cierra en o por encima del precio inicial, los inversores recibirán el 27 de julio de 2026:
• 1.000 $ + (1.000 $ × 21,50%) = 1.215 $ por nota; sin pagos adicionales.
Si no es llamado, el pago al vencimiento depende del precio final de NVDA:
- Por encima del precio inicial – exposición total al alza (sin límite).
- Caída entre 0% y –20% – retorno positivo igual a la caída absoluta (máximo 20%), limitado a 1.200 $.
- Por debajo del –20% – el inversor pierde 1,25% por cada 1% adicional de caída (tasa de protección 125%), exponiendo el principal a una pérdida de hasta el 100%.
Protección: 20% (precio de protección 131,936 $).
Valor estimado inicial: 939,21 $–969,21 $, por debajo del precio de emisión debido a comisiones de venta (1,50%) y costos de cobertura.
Listado: ninguno; liquidez en mercado secundario únicamente a discreción de los distribuidores.
Crédito del emisor: los pagos dependen de la capacidad de BNS para pagar; las notas no están aseguradas por CDIC ni FDIC.

Aspectos destacados de riesgo

Principal en riesgo; pérdida acelerada más allá del 20% de caída.
No pagan intereses ni dividendos; retorno limitado al 21,5% si es llamado.
Valor estimado por debajo del precio de oferta implica rendimiento negativo al momento de emisión.
El valor de mercado puede ser volátil y estar influenciado por la cobertura de BNS, movimientos del precio de NVDA, cambios en tasas de interés y percepción crediticia de BNS.
Las notas están sujetas a conflictos de interés: Scotia Capital (USA) Inc. (afiliada) y Goldman Sachs actúan como distribuidores y contrapartes de cobertura.

Uso de los ingresos – fines corporativos generales. Los ingresos para el emisor son el 98,50% del valor nominal.

Los inversores deben evaluar cuidadosamente la idoneidad, considerando la complejidad del pago, el riesgo de pérdida total del capital y la liquidez limitada.

주요 경제 조건

원금: 노트당 1,000달러; 최소 투자금액 1,000달러.
만기: 약 24개월, 2027년 7월 14일 만기 단 자동상환 시 제외.
NVDA 초기 가격(행사가): 164.92달러 (2025년 7월 11일 종가).
자동상환 관찰일: 2026년 7월 23일. NVDA가 초기 가격 이상으로 마감하면 투자자는 2026년 7월 27일에 다음을 수령:
• 1,000달러 + (1,000달러 × 21.50%) = 노트당 1,215달러; 이후 추가 지급 없음.
자동상환되지 않을 경우 만기 시 지급금은 NVDA 최종 가격에 따라 결정:
- 초기 가격 초과 – 상한 없는 전면 상승 수익 노출.
- 0%에서 –20% 하락 – 절대 하락률(최대 20%)에 해당하는 긍정 수익, 최대 1,200달러 한도.
- –20% 미만 – 추가 1% 하락 시 1.25% 손실 발생(버퍼율 125%), 원금 최대 100% 손실 가능성.
버퍼: 20% (버퍼 가격 131.936달러).
초기 추정 가치: 939.21~969.21달러, 판매 수수료(1.50%) 및 헤지 비용으로 인해 발행가 이하.
상장: 없음; 2차 시장 유동성은 딜러 재량에 따름.
발행자 신용도: 지급은 BNS의 지급 능력에 의존; 노트는 CDIC 또는 FDIC 보험 대상 아님.

주요 위험 사항

원금 위험; 20% 하락 초과 시 손실 가속화.
이자 또는 배당금 없음; 자동상환 시 최대 21.5% 수익 제한.
추정 가치가 제안 가격보다 낮아 발행 시 음의 수익률.
시장 가치는 BNS 헤지, NVDA 가격 변동, 금리 변화 및 BNS 신용 인식에 따라 변동 가능.
노트는 이해 상충 가능성 있음: Scotia Capital (USA) Inc.(계열사) 및 Goldman Sachs가 딜러 및 헤지 상대방으로 활동.

자금 사용처 – 일반 기업 목적. 인수자 수익은 액면가의 98.50%.

투자자는 복잡한 수익 구조, 자본 전액 손실 가능성 및 제한된 유동성을 고려하여 적합성을 신중히 평가해야 합니다.

Principaux termes économiques

Montant principal : 1 000 $ par note ; investissement minimum de 1 000 $.
Durée : environ 24 mois, échéance le 14 juillet 2027 sauf rappel automatique.
Prix initial de NVDA (prix d’exercice) : 164,92 $ (clôture du 11 juillet 2025).
Observation du rappel automatique : 23 juillet 2026. Si NVDA clôture au-dessus ou à égalité du prix initial, les investisseurs recevront le 27 juillet 2026 :
• 1 000 $ + (1 000 $ × 21,50 %) = 1 215 $ par note ; aucun paiement ultérieur.
Si non rappelées, le paiement à l’échéance dépendra du prix final de NVDA :
- Au-dessus du prix initial – exposition totale à la hausse (sans plafond).
- Baisse entre 0 % et –20 % – rendement positif égal à la baisse absolue (maximum 20 %), plafonné à 1 200 $.
- En dessous de –20 % – l’investisseur perd 1,25 % pour chaque baisse supplémentaire de 1 % (taux de tampon 125 %), exposant le principal à une perte pouvant atteindre 100 %.
Effet tampon : 20 % (prix tampon 131,936 $).
Valeur estimée initiale : 939,21 $–969,21 $, inférieure au prix d’émission en raison des commissions de vente (1,50 %) et des coûts de couverture.
Cotation : aucune ; liquidité sur le marché secondaire uniquement à la discrétion des teneurs de marché.
Crédit de l’émetteur : les paiements dépendent de la capacité de BNS à payer ; les notes ne sont pas assurées par la CDIC ou la FDIC.

Points clés de risque

Capital à risque ; perte accélérée au-delà d’une baisse de 20 %.
Pas d’intérêts ni de dividendes ; rendement limité à 21,5 % en cas de rappel.
Valeur estimée inférieure au prix d’offre impliquant un rendement négatif à l’émission.
La valeur de marché peut être volatile et influencée par la couverture de BNS, les mouvements du prix de NVDA, les variations des taux d’intérêt et la perception du crédit de BNS.
Les notes sont soumises à des conflits d’intérêts : Scotia Capital (USA) Inc. (filiale) et Goldman Sachs agissent en tant que teneurs de marché et contreparties de couverture.

Utilisation des fonds – objectifs généraux de l’entreprise. Les produits nets pour l’émetteur représentent 98,50 % de la valeur nominale.

Les investisseurs doivent évaluer soigneusement l’adéquation, en tenant compte de la complexité du paiement, du risque de perte totale du capital et de la liquidité limitée.

Wichtige wirtschaftliche Bedingungen

Nennbetrag: 1.000 $ pro Note; Mindestanlage 1.000 $.
Laufzeit: ca. 24 Monate, Fälligkeit am 14. Juli 2027 sofern nicht automatisch zurückgerufen.
Ausgangskurs NVDA (Strike): 164,92 $ (Schlusskurs am 11. Juli 2025).
Automatische Rückrufbeobachtung: 23. Juli 2026. Schließt NVDA auf oder über dem Anfangskurs, erhalten Anleger am 27. Juli 2026:
• 1.000 $ + (1.000 $ × 21,50 %) = 1.215 $ pro Note; keine weiteren Zahlungen.
Wenn nicht zurückgerufen, hängt die Zahlung bei Fälligkeit vom Endkurs von NVDA ab:
- Über dem Anfangskurs – volle Aufwärtsbeteiligung (ohne Begrenzung).
- Rückgang zwischen 0 % und –20 % – positive Rendite entsprechend dem absoluten Rückgang (max. 20 %), begrenzt auf 1.200 $.
- Unter –20 % – Anleger verliert 1,25 % für jeden weiteren 1 % Kursrückgang (Buffer-Rate 125 %), wodurch das Kapital einem Verlust von bis zu 100 % ausgesetzt ist.
Buffer: 20 % (Buffer-Preis 131,936 $).
Geschätzter Anfangswert: 939,21 $–969,21 $, unter dem Ausgabepreis aufgrund von Verkaufsprovisionen (1,50 %) und Absicherungskosten.
Notierung: keine; Sekundärmarktliquidität liegt ausschließlich im Ermessen der Händler.
Emittenten-Kreditrisiko: Zahlungen hängen von der Zahlungsfähigkeit der BNS ab; die Notes sind weder durch CDIC noch FDIC versichert.

Risikohighlights

Kapital ist gefährdet; beschleunigte Verluste bei einem Rückgang von mehr als 20 %.
Keine Zinsen oder Dividenden; Rendite auf 21,5 % begrenzt, falls zurückgerufen.
Geschätzter Wert unter dem Angebotspreis bedeutet negative Rendite bei Emission.
Marktwert kann volatil sein und wird beeinflusst durch BNS-Absicherungen, NVDA-Kursbewegungen, Zinsänderungen und BNS-Kreditwahrnehmung.
Notes unterliegen Interessenkonflikten: Scotia Capital (USA) Inc. (Tochtergesellschaft) und Goldman Sachs fungieren als Händler und Absicherungsgegenseite.

Verwendung der Erlöse – allgemeine Unternehmenszwecke. Die Erlöse für den Emittenten betragen 98,50 % des Nennwerts.

Anleger sollten die Eignung sorgfältig prüfen und die komplexe Auszahlungsstruktur, das Risiko eines Totalverlusts sowie die eingeschränkte Liquidität berücksichtigen.

07/14/2025 - 05:26 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CULBRETH H GILBERT JR

(Last)

(First)

(Middle)

SEACOAST BANKING CORPORATION

P. O. BOX 9012

(Street)

STUART

34995

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SEACOAST BANKING CORP OF FLORIDA [ SBCF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/10/2025		A		522	A	$28.69	44,787.87	D⁽¹⁾
Common Stock								1,672	D
Common Stock								10,000	D⁽²⁾
Common Stock								10,328	D⁽³⁾
Common Stock								500	D⁽⁴⁾
Common Stock								500	D⁽⁵⁾
Common Stock								26,000	I	Held in family limited liability company
Common Stock								8,200	I	Held in family sub-S corporation

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Right to Buy⁽⁶⁾	$22.65							02/06/2017	02/05/2027	Common Stock	2,142		2,142	D

Explanation of Responses:

1. Held in Seacoast's Non-employee Directors Deferred Compensation Plan.

2. Held in IRA.

3. Held jointly with spouse

4. Held jointly with son

5. Held jointly with daughter.

6. Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan

Remarks:

	/s/ Kathy L. Hsu as Power of Attorney for H. Gilbert Culbreth, Jr.	07/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What is the ticker symbol for Bank of Nova Scotia’s new notes?

The CUSIP/ISIN is 06419DBP7 / US06419DBP78; the notes themselves are not exchange-listed.

How much can I earn if the notes are automatically called?

If NVDA closes at or above $164.92 on 23 Jul 2026, you receive $1,215 per $1,000 note on 27 Jul 2026 (21.5% return).

What happens at maturity if NVIDIA stock falls 30%?

A 30% decline breaches the 20% buffer; payout equals $1,000 + $1,000 × 125% × (–30% + 20%) = $875, a 12.5% loss.

Is my principal protected on these BNS notes?

No. Principal is at risk. You could lose some or all of your investment if NVDA falls more than 20% or if BNS defaults.

Are the notes insured by CDIC or FDIC?

No. The notes are unsecured obligations of BNS and are not insured by CDIC, FDIC or any government agency.

Why is the initial estimated value below the $1,000 issue price?

The $939.21–$969.21 estimate reflects selling commissions, hedging costs and BNS’s internal funding rate, reducing investor value at issuance.

Can I sell the notes before maturity?

Possibly, but liquidity is limited. Dealers are not obligated to make a market, and sale prices may be substantially below face value.

[Form 4] Seacoast Banking Corp of Florida Insider Trading Activity

Insights

FAQ

What is the ticker symbol for Bank of Nova Scotia’s new notes?

How much can I earn if the notes are automatically called?

What happens at maturity if NVIDIA stock falls 30%?

Is my principal protected on these BNS notes?

Are the notes insured by CDIC or FDIC?

Why is the initial estimated value below the $1,000 issue price?

Can I sell the notes before maturity?

NASDAQ:SBCF

SBCF Rankings

SBCF Latest News

SBCF Latest SEC Filings

SBCF Stock Data

Trending News

[Form 4] Seacoast Banking Corp of Florida Insider Trading Activity

Insights

Structured Products Analyst neutral

Credit Analyst neutral

FAQ

What is the ticker symbol for Bank of Nova Scotia’s new notes?

How much can I earn if the notes are automatically called?

What happens at maturity if NVIDIA stock falls 30%?

Is my principal protected on these BNS notes?

Are the notes insured by CDIC or FDIC?

Why is the initial estimated value below the $1,000 issue price?

Can I sell the notes before maturity?

NASDAQ:SBCF

SBCF Rankings

SBCF Latest News

SBCF Latest SEC Filings

SBCF Stock Data