Bank of Nova Scotia Finalizes Terms for Autocallable Contingent Coupon Notes Linked to JPMorgan Chase Stock
BNS sits 70% above its 52-week low of $44.09 on light trading volume (0.2× avg).
Summary
The Bank of Nova Scotia has filed a pricing supplement for autocallable contingent coupon notes, finalizing the terms for this structured debt offering linked to the performance of JPMorgan Chase & Co. common stock.
Key Events · Financing and Capital Events · BNS
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Finalizes Structured Note Offering
The Bank of Nova Scotia has finalized the terms for autocallable contingent coupon notes, which are unsubordinated and unsecured debt securities of the Bank, under its Senior Note Program, Series A.
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Linked to JPMorgan Chase Stock
Payments on the notes, including contingent coupons and principal at maturity, are based on the performance of JPMorgan Chase & Co. common stock, introducing market risk tied to the reference asset.
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Contingent Coupon Feature
Notes offer contingent coupons of at least 8.30% per annum if JPMorgan Chase & Co. stock is at or above 70% of its initial value on specified observation dates.
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Principal at Risk
Investors may lose up to 100% of the principal amount if the notes are not automatically called and JPMorgan Chase & Co. stock's final value is less than 70% of its initial value.
Analysis · BNS · Finance
This 424B8 filing provides the definitive terms for a new series of autocallable contingent coupon notes, which are unsubordinated and unsecured debt securities of The Bank of Nova Scotia. These notes are part of the bank's Senior Note Program, Series A, and follow the preliminary offering announcement on January 23, 2026. While the notes represent a capital raise for the bank, their performance for investors is tied to the common stock of JPMorgan Chase & Co., offering contingent coupons and potential principal repayment based on JPM's stock performance relative to specified barrier values. Investors face the credit risk of The Bank of Nova Scotia and market risk related to JPMorgan Chase & Co. stock, with potential for significant loss of principal.
At the time of this filing, BNS was trading at $74.93 on NYSE in the Finance sector, with a market capitalization of approximately $92.6B. The 52-week trading range was $44.09 to $75.47. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.