The Bank of Nova Scotia filed a free writing prospectus on October 30, 2026, disclosing the term sheet for Market Linked Securities linked to the lowest performing of three major U.S. equity indices, with a stated maturity of November 4, 2031.

Key Highlights

  • Pricing date: October 30, 2026, with an issue date of November 4, 2026, according to the filing.
  • Face amount: $1,000 per security, in denominations of $1,000 and any integral multiple of $1,000.
  • Contingent coupon rate: At least 9.45% per annum, to be determined on the pricing date, paid quarterly only if the lowest performing Index closes at or above 75.00% of its starting level.
  • Downside threshold: 75.00% of each Index's starting level; if breached at final calculation, investors receive $1,000 multiplied by the performance factor of the lowest performing Index.
  • Estimated value: Between $921.22 (92.122%) and $951.22 (95.122%) per security if the securities priced on the filing date, per the filing.
  • Agent discounts: Wells Fargo Securities, LLC may receive a discount of up to 2.825%; dealers including Wells Fargo Advisors, LLC may receive a selling concession of up to 2.00% and a distribution expense fee of 0.075%.
  • CUSIP / ISIN: 06419UAE5 / US06419UAE55, as stated in the filing.

Structure and Payout Terms of the Linked Securities

According to the filing, The Bank of Nova Scotia (NYSE:BNS) disclosed terms for auto-callable securities under its Senior Note Program, Series A. The three reference indices are the Dow Jones Industrial Average, the Nasdaq-100 Index, and the Russell 2000 Index. For each quarterly calculation day, the lowest performing Index is defined as the one with the lowest performance factor, calculated as its closing level divided by its starting level. Coupon payments are contingent: investors receive a quarterly payment only when the lowest performing Index closes at or above 75.00% of its starting level on the relevant calculation day.

The filing states that automatic call provisions apply from the second calculation day, approximately six months after issuance, through July 2031. If the lowest performing Index closes at or above its starting level on any eligible quarterly calculation day, the securities are automatically called and investors receive the face amount plus a final contingent coupon. If the securities reach stated maturity without being called and the lowest performing Index finishes below the 75.00% downside threshold, the filing discloses that investors "will lose more than 25.00%, and possibly all, of the face amount." The filing further states that "any return on the securities will be limited to the sum of your contingent coupon payments, if any," with no participation in index appreciation.

Scotia Capital Inc., an affiliate of the Bank, is named as the calculation agent. Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are listed as agents for the distribution. The filing references the preliminary pricing supplement for full material Canadian and U.S. tax consequence disclosures. These securities are described in the filing as carrying "complex features" and risks beyond those of conventional debt securities.

What Was Disclosed

The Bank of Nova Scotia filed a free writing prospectus dated October 29, 2026, presenting the term sheet for principal-at-risk, auto-callable securities linked to three equity indices, maturing November 4, 2031, with a contingent coupon rate of at least 9.45% per annum and a 75.00% downside threshold.