The Bank of Nova Scotia filed an issuer free writing prospectus on October 29, 2026, disclosing the summary terms of Trigger Jump Securities due on or about June 5, 2028, linked to shares of the First Trust Nasdaq Cybersecurity ETF (Bloomberg Ticker: CIBR UQ), issued under Registration Statement No. 333-298611.

Key Highlights

  • Stated principal amount: $1,000.00 per security, with a minimum investment of $1,000.00 (1 security).
  • Fixed upside payment: $280.10 per security (28.01% of the stated principal amount) if the final share price is greater than or equal to the initial share price at maturity.
  • Trigger level: 80.00% of the initial share price; if the final share price falls below this level, investors lose 1% for every 1% the final share price falls below the initial share price and could lose up to their entire investment.
  • Maturity date: June 5, 2028, with a valuation date of May 31, 2028, both subject to postponement for certain market disruption events.
  • Estimated value on the pricing date: Expected to be between $927.08 and $957.08 per security, below the $1,000.00 issue price.
  • Commission: $25.00 per stated principal amount.
  • Listing: The securities will not be listed or displayed on any securities exchange or any electronic communications network.

Structure and Payment Terms of the Bank of Nova Scotia CIBR-Linked Securities

According to the filing, The Bank of Nova Scotia ("BNS") is offering Trigger Jump Securities under its Senior Note Program, Series A, with a pricing date of November 13, 2026, and an original issue date of November 18, 2026. The securities carry no coupon and are senior unsecured debt obligations of BNS, meaning all payments are subject to the credit risk of BNS. The underlying reference is the closing price of shares of the First Trust Nasdaq Cybersecurity ETF on the valuation date of May 31, 2028.

The filing describes three payment outcomes at maturity. If the final share price is greater than or equal to the initial share price, the holder receives $1,000.00 plus a fixed upside payment of $280.10, for a total of $1,280.10 per security. If the final share price is below the initial share price but at or above the trigger level of 80.00% of the initial share price, the holder receives $1,000.00. If the final share price falls below the trigger level, the payment equals $1,000.00 plus $1,000.00 multiplied by the underlying return - a formula the filing states results in a loss of 1% for every 1% decline below the initial share price, up to a total loss of the investment.

The filing also discloses that BNS's initial estimated value of the securities at pricing is expected to be between $927.08 and $957.08 per security, which is lower than the $1,000.00 issue price. The securities carry CUSIP 06419TZ68 and ISIN US06419TZ680. The filing notes that the securities have limited liquidity and will not be exchange-listed.

What Was Disclosed

BNS filed an issuer free writing prospectus summarizing the terms of principal-at-risk Trigger Jump Securities linked to the First Trust Nasdaq Cybersecurity ETF, with a fixed upside payment of $280.10, an 80.00% trigger level, and a maturity date of June 5, 2028.