The Bank of Nova Scotia filed a 424B2 pricing supplement on August 4, 2026, disclosing the terms of $8,745,000 in Contingent Income Auto-Callable Securities due August 5, 2027, linked to the worst-performing of NVIDIA Corporation common stock and Taiwan Semiconductor Manufacturing Company Limited American depositary receipts.

Key Highlights

  • Total offering size: $8,745,000 aggregate principal amount, priced at $1,000.00 per security with a minimum investment of $1,000.00 (1 security).
  • Contingent quarterly coupon: $48.30 per security per determination date (equivalent to 19.32% per annum) is payable only if all underlying stocks close at or above 60.00% of their respective initial share prices on that date.
  • Initial share prices: $200.75 for NVDA Stock and $404.25 for TSM Stock, each set as of the pricing date of July 31, 2026.
  • Auto-call trigger: Securities are automatically redeemed if all underlying stocks close at or above 100.00% of their initial share prices on any determination date prior to the final determination date.
  • Downside threshold: If any underlying stock closes below 60.00% of its initial share price at final determination, repayment is less than 60.00% of stated principal and could be as low as zero.
  • Credit risk: All payments are subject to the credit risk of BNS; the securities are senior unsecured obligations and are not listed on any exchange.

Structure and Risk Terms of BNS Auto-Callable Securities Linked to NVDA and TSM

According to the pricing supplement, the securities were priced on July 31, 2026, with an original issue date of August 5, 2026, and a maturity date of August 5, 2027. The filing identifies four determination dates: November 2, 2026; February 1, 2027; April 30, 2027; and August 2, 2027, which is also the final determination date. Corresponding contingent coupon payment dates are November 5, 2026; February 4, 2027; May 5, 2027; and the maturity date.

The filing states that the contingent quarterly coupon of $48.30 per security is paid only when all underlying stocks close at or above their coupon threshold prices on the applicable determination date. Those thresholds are set at 60.00% of each stock's initial share price: $120.45 for NVDA Stock and $242.55 for TSM Stock. The call threshold prices are set at 100.00% of initial share prices, meaning $200.75 for NVDA Stock and $404.25 for TSM Stock. Early redemption, if triggered, returns the stated principal amount plus the applicable contingent quarterly coupon.

The filing discloses that all payments are based on the worst-performing underlying stock, defined as the stock with the lowest underlying return calculated as (final share price minus initial share price) divided by initial share price. If the final share price of any underlying stock falls below its downside threshold price, the filing states that "the payment at maturity will be less than 60.00% of the stated principal amount and could be as low as zero." The filing further notes that investors will not participate in any appreciation of the underlying stocks. The CUSIP is 063941FD5 and the ISIN is US063941FD59. The calculation agent is Scotia Capital Inc. and the agent is Scotia Capital (USA) Inc., described as an affiliate of BNS.

What Was Disclosed

BNS disclosed the full pricing terms of $8,745,000 in principal-at-risk, auto-callable structured notes linked to NVDA and TSM stocks, including coupon rates, threshold prices, determination dates, payment mechanics, and credit risk disclosures, via a 424B2 filing dated July 31, 2026.