The Bank of Nova Scotia filed a free writing prospectus on October 29, 2026, disclosing terms of Auto-Callable Trigger Performance Leveraged Upside Securities linked to the EURO STOXX 50 Index, with a stated maturity date on or about December 3, 2031.

Key Highlights

  • Issuer and program: The Bank of Nova Scotia, under its Senior Note Program, Series A, listed on NYSE:BNS, filed this offering under Registration Statement No. 333-298611.
  • Principal amount and price: Each security carries a stated principal amount of $1,000.00, sold at an issue price of $1,000.00, with a minimum investment of $1,000.00 (1 security).
  • Pricing and issuance dates: The pricing date is November 13, 2026, and the original issue date is November 18, 2026, three business days after the pricing date.
  • Leverage factor and trigger level: The securities carry a leverage factor of 150.00% on upside participation, with a trigger level set at 80.00% of the initial index value.
  • Estimated value at pricing: The filing states the estimated value on the pricing date is expected to be between $931.85 and $961.85 per security, below the $1,000.00 issue price.
  • Commission: The filing discloses a commission of $32.50 per stated principal amount.
  • Principal at risk: According to the filing, "the securities do not guarantee any return of principal at maturity and you could lose significant portion or all of your investment."

Structure and Payment Terms of the EURO STOXX 50 Linked Securities

The Bank of Nova Scotia disclosed that these securities are senior unsecured debt obligations linked to the EURO STOXX 50 Index (Bloomberg Ticker: SX5E), a broad index of large-cap eurozone equities. The CUSIP is 06419TZ43 and the ISIN is US06419TZ433. The filing notes the securities will not be listed on any securities exchange or electronic communications network, meaning secondary market liquidity is limited, and any secondary market making would be conducted by SCUSA at its discretion.

If the securities are not redeemed early and the final index value exceeds the initial index value at maturity, holders receive $1,000.00 plus a leveraged upside payment calculated as $1,000.00 multiplied by the 150.00% leverage factor and the underlying return. If the final index value is at or below the initial index value but at or above the trigger level of 80.00% of the initial index value, the filing states the payment at maturity is $1,000.00. If the final index value falls below the trigger level, the filing discloses that holders "will lose 1% for every 1% that the final index value falls below the initial index value," with potential loss of the entire investment.

The filing also describes an early redemption feature: if the index closing value on any determination date prior to the final determination date on November 28, 2031, equals or exceeds the initial index value, the securities are automatically redeemed for the applicable early redemption payment, and no further payments are made. The filing identifies reinvestment risk as one consequence of early redemption. All payments remain subject to the credit risk of The Bank of Nova Scotia, which the filing explicitly flags as a risk consideration.

What Was Disclosed

The Bank of Nova Scotia filed a free writing prospectus covering principal-at-risk structured notes tied to the EURO STOXX 50 Index, detailing payment structures, a 150.00% leverage factor, an 80.00% trigger level, a commission of $32.50 per security, and an estimated value of $931.85 to $961.85 per security at pricing.