Bank of Nova Scotia has outlined preliminary terms for autocallable barrier notes offering a 10.45% annual return rate and linked to the weakest of three indexes. Investors face the bank’s Credit risk, receive no coupons before Maturity and may lose up to 100% of principal if the least-performing index falls below its 75.00% barrier.

Key Highlights

  • The notes are tied to the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index.
  • Automatic Redemption can occur when each reference asset reaches its applicable call value.
  • The notes are expected to mature on October 14, 2032 if not called earlier.

Bank of Nova Scotia is a diversified bank. It has outlined preliminary terms for autocallable barrier review notes linked to the weakest performer among the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, with a 10.45% annual return rate used to determine call payments.

$1,000 Notes Carry Index-Linked Risk

Each note has a $1,000 principal amount, with purchases available in integral multiples of $1,000. The securities are unsubordinated and unsecured obligations of Bank of Nova Scotia, so payments depend on the bank’s creditworthiness. The notes can be automatically redeemed if all three reference Assets meet their applicable call values on an observation date. Those call values initially equal 100.00% of each asset’s initial value and begin declining from the fourth observation date. If the notes remain outstanding through maturity and every reference asset finishes at or above 75.00% of its initial value, investors receive the principal amount. A result below that barrier for any asset exposes investors to the negative performance of the least-performing reference asset, with potential losses of up to 100% of principal.

October Pricing and Settlement Dates

The notes do not pay interest or coupons before maturity. Pricing is expected on October 9, 2026, with settlement expected on October 19, 2026, and maturity on October 14, 2032 if no automatic call occurs. The initial estimated value is expected to range from $941.35 to $971.35 per $1,000 principal amount, below the original issue price of 100.00%. All payments will be made in cash.