Bank of Nova Scotia Finalizes Terms for New S&P 500-Linked Digital Notes Offering

summarizeSummary

The Bank of Nova Scotia has finalized the terms for its new offering of Digital Notes linked to the S&P 500 Index, which provide a capped return and buffered downside protection.

check_boxKey Events

• Finalizes Digital Notes Offering

  The Bank of Nova Scotia has finalized the terms for its Digital Notes linked to the S&P 500 Index, following a preliminary pricing supplement from January 26, 2026.

• Note Structure and Returns

  The notes offer a capped maximum payment (expected $1,080.40-$1,094.40 per $1,000 principal) if the S&P 500 Index is at or above 90% of its initial level, with principal at risk for declines exceeding 10%.

• Offering Price and Proceeds

  The notes have an original issue price of 100% of the principal amount, with 0.88% underwriting commissions, yielding 99.12% of proceeds to the Bank.

• Credit Risk Disclosure

  Payments on the notes, including principal repayment, are subject to the creditworthiness of The Bank of Nova Scotia.

auto_awesomeAnalysis

This 424B3 filing from The Bank of Nova Scotia finalizes the terms for its offering of Digital Notes linked to the S&P 500 Index. This follows a preliminary pricing supplement filed yesterday, January 26, 2026. The notes offer a capped maximum payment amount (expected between $1,080.40 and $1,094.40 per $1,000 principal) if the S&P 500 Index performs at or above 90% of its initial level, with investors facing principal loss if the index declines by more than 10%. The original issue price is 100% of the principal amount, with 0.88% underwriting commissions, resulting in 99.12% proceeds to the Bank. While the aggregate principal amount of the offering is not specified, the issuance of structured notes is a routine financing activity for a large financial institution like Bank of Nova Scotia. The finalization of terms provides definitive details for investors considering these S&P 500-linked notes.