The Bank of Nova Scotia filed a free writing prospectus on November 12, 2026, disclosing the summary terms of Trigger Performance Leveraged Upside Securities linked to an unequally weighted basket of five international indices, with a maturity date on or about December 5, 2029.

Key Highlights

  • Five-index basket: The basket is composed of EURO STOXX 50 (40.00%), TOPIX (25.00%), FTSE 100 (17.50%), Swiss Market Index (10.00%), and S&P/ASX 200 (7.50%).
  • Leverage factor: According to the filing, the leverage factor is 154.25%, applied to any positive basket return at maturity.
  • Trigger level: The trigger level is 80.00% of the initial basket value; losses below the trigger are 1% for every 1% decline from the initial basket value, up to total loss of investment.
  • Estimated value at pricing: The filing states the estimated value on the pricing date is expected to be between $915.26 and $945.26 per Trigger PLUS, against an issue price of $1,000.00.
  • Pricing and maturity dates: The pricing date is November 30, 2026; the original issue date is December 3, 2026; and the maturity date is December 5, 2029.
  • No coupon, no listing: The securities pay no interest and will not be listed on any securities exchange or electronic communications network.
  • CUSIP/ISIN: 06419UEQ4 / US06419UEQ40, with a commission of $30.00 per stated principal amount.

Bank of Nova Scotia's Five-Index Trigger PLUS: Structure and Payment Terms

The Bank of Nova Scotia (Registration Statement No. 333-298611) disclosed the terms of its Trigger Performance Leveraged Upside Securities through a free writing prospectus filed pursuant to Rule 433. The securities are senior unsecured debt obligations of BNS, with all payments subject to the credit risk of the issuer. The stated principal amount and issue price are each $1,000.00 per Trigger PLUS, with a minimum investment of $1,000.00. The filing notes that final basket component values and multipliers will be determined on the pricing date of November 30, 2026.

According to the filing, payment at maturity depends on the final basket value relative to the initial basket value and trigger level. If the final basket value exceeds the initial basket value, the holder receives $1,000.00 plus a leveraged upside payment calculated as $1,000.00 multiplied by the 154.25% leverage factor and the basket return. If the final basket value falls at or below the initial basket value but at or above the trigger level of 80.00%, the holder receives $1,000.00. If the final basket value falls below the trigger level, the holder receives $1,000.00 plus the product of $1,000.00 and the basket return, meaning losses are unprotected below the trigger and "you could lose up to your entire investment," as the filing states.

The filing identifies multiple risk factors. It notes that the basket components reflect price return, not total return, and that the Trigger PLUS will not be adjusted for changes in exchange rates. BNS's initial estimated value is disclosed as lower than the issue price, and the filing states the securities "have limited liquidity." The preliminary pricing supplement, product supplement, underlier supplement, prospectus supplement, and prospectus are referenced for complete disclosure and are available on the SEC's EDGAR system under CIK 0000009631.

What Was Disclosed

The Bank of Nova Scotia filed a free writing prospectus summarizing the terms of Trigger PLUS securities linked to a five-index international basket, with a leverage factor of 154.25%, a trigger level of 80.00%, a $1,000.00 issue price, an estimated value between $915.26 and $945.26, and a maturity date of December 5, 2029.