The Bank of Nova Scotia filed a free writing prospectus on November 10, 2026, disclosing terms for Market Linked Securities auto-callable with contingent coupon and memory feature linked to the lowest performing of Amazon.com, Alphabet Class A, and Netflix common stock, due May 16, 2030.

Key Highlights

  • Face amount: $1,000 per security, with denominations in $1,000 and any integral multiple thereof.
  • Contingent coupon rate: At least 14.30% per annum, to be determined on the pricing date of November 11, 2026.
  • Coupon and downside threshold price: 60.00% of each Underlying Stock's starting price, based on closing prices on the strike date of November 9, 2026.
  • Automatic call feature: Securities may be called on any monthly calculation day from May 2027 to April 2030 if the lowest performing stock closes at or above its starting price.
  • Estimated value at pricing: Between $911.29 (91.129%) and $941.29 (94.129%) per security, according to the filing.
  • Principal at risk: If not called and the lowest performer ends below its downside threshold, investors "will lose more than 40.00%, and possibly all, of the face amount," according to the filing.
  • CUSIP / ISIN: 06419UDU6 / US06419UDU60.

Terms and Structure of the Bank of Nova Scotia's Linked Securities Due 2030

According to the filing, The Bank of Nova Scotia is offering Principal at Risk Securities under its Senior Note Program, Series A. The securities are linked to the lowest performing of three underlying stocks: the common stock of Amazon.com, Inc., the Class A common stock of Alphabet Inc., and the common stock of Netflix, Inc. The stated maturity date is May 16, 2030, subject to postponement. The issue date is expected to be November 16, 2026.

The filing discloses that contingent coupon payments are made monthly, calculated as ($1,000 multiplied by the contingent coupon rate) divided by 12, rounded to the nearest cent. Coupon payments are only made if the closing price of the lowest performing Underlying Stock on a given calculation day is greater than or equal to its coupon threshold price, set at 60.00% of the starting price. A memory feature applies: if one or more coupon payments are missed and a subsequent calculation day qualifies, all previously unpaid contingent coupons are paid together with the current coupon, without interest on amounts previously unpaid.

Agents for the offering are Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC. The filing states Wells Fargo Securities, LLC will receive a discount of up to 2.325%, dealers including Wells Fargo Advisors, LLC may receive a selling concession of up to 1.75%, and Wells Fargo Advisors, LLC may also receive a distribution expense fee of 0.075%. The calculation agent is Scotia Capital Inc., described as an affiliate of the Bank. The filing notes that the Bank's estimated value of the securities at pricing would be between $911.29 and $941.29 per security, below the $1,000 face amount.

What Was Disclosed

The Bank of Nova Scotia disclosed a term sheet for auto-callable, contingent coupon securities linked to the worst-performing of three equity underlyings, maturing May 16, 2030, with principal at risk if the lowest performer falls below 60.00% of its starting price at final maturity.