New Issue: Scotiabank prices $9.76 million capped notes linked to the Dow

By Wendy Van Sickle

Columbus, Ohio, March 2 – Bank of Nova Scotia priced $9.76 million of 0% capped notes due Feb. 27, 2026 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus the index return, subject to a maximum payout of par plus 52.8%. Investors will receive par if the index falls by up to 15% and will be exposed to any index decline beyond 15%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped notes
Underlying index:	Dow Jones industrial average
Amount:	$9,756,735
Maturity:	Feb. 27, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any index gain, capped at par plus 52.8%; par if index falls by up to 15%; exposure to losses beyond 15%
Initial level:	31,402.01
Threshold level:	26,691.71, 85% of initial level
Final level:	Average of index’s closing levels on five trading days ending Feb. 24, 2026
Pricing date:	Feb. 25
Settlement date:	March 4
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06417V873

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