By Wendy Van Sickle
Columbus, Ohio, March 12 – Bank of Nova Scotia priced $4.17 million of autocallable market-linked step-up notes due Feb. 26, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 13.3% if the index closes at or above the initial level on any annual observation date.
If the notes are not called and the index finishes above the step-up value, 130% of the initial level, the payout at maturity will be par plus the index gain.
If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 30%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% index decline beyond 15%.
BofA Securities, Inc. is the agent.
| Issuer: | Bank of Nova Scotia
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| Issue: | Autocallable market-linked step-up notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $4,174,820
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| Maturity: | Feb. 26, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index finishes above step-up level, par plus index gain; if index finishes at or above initial level but at or below step-up level, par plus 30%: par if index falls by up to 15%; 1% loss for each 1% index decline beyond 15%
|
| Call: | At par plus 13.3% per year if index closes at or above its initial level on any annual observation date
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| Initial level: | 3,682.28
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| Step-up level: | 4,790.86, 130% of initial level
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| Threshold level: | 3,132.49, 85% of initial level
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| Pricing date: | Feb. 25
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| Settlement date: | March 4
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 06417V592
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