Bank of Nova Scotia is offering $1,000 autocallable notes due October 7, 2031, linked to the least-performing shares of Amazon, Fortinet and Alphabet. Investors can receive enhanced returns if conditions are met, but the notes carry Bank Credit risk, pay no coupons and could lose up to 100.00% of principal.

Key Highlights

  • The notes can be automatically redeemed when each reference asset reaches at least 85.00% of its starting value on the review date.
  • The least-performing asset determines Maturity outcomes, including a 125.00% return Factor above the 85.00% threshold.
  • The initial estimated value is between $911.90 and $941.90 for each $1,000 principal amount.

Bank of Nova Scotia is a Banks - Diversified company. It is offering $1,000 autocallable notes due October 7, 2031, tied to the lowest-performing share among Amazon.com, Fortinet and Alphabet. The notes are unsecured, unsubordinated obligations, so payments depend on the bank’s creditworthiness.

$1,000 Notes Link Returns to Three Stocks

The notes may be redeemed before maturity if all three reference Assets reach at least 85.00% of their respective starting values on the review date. A qualifying early Redemption pays the principal amount plus the specified call premium, after which no further payments are due. If the notes remain outstanding, a least-performing asset above 85.00% produces a maturity return based on 125.00% of its performance above that level. The downside terms are more severe below the buffer. If the least-performing asset finishes at or below 85.00% but at or above its buffer value, investors receive the principal amount; below the buffer, principal declines by approximately 1.4286% for every 1% that the asset falls below its starting value beyond 30.00%, with losses potentially reaching 100.00%. The notes pay no interest or coupons.

Pricing, Settlement and Estimated Value

The minimum Investment is $1,000, in integral multiples of $1,000, and the CUSIP and ISIN are 06419TZR2 and US06419TZR21. The initial estimated value is expected to range from $911.90 to $941.90 per $1,000 principal amount, below the 100.00% original issue price.