New Issue: Scotiabank prices $1.95 million partial principal at risk securities linked to S&P 500

By William Gullotti

Buffalo, N.Y., Jan. 8 – Bank of Nova Scotia priced $1.95 million of partial principal at risk securities due Jan. 6, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, capped at par plus 20%.

Investors will lose 1% for every 1% decline of the index, subject to a minimum payout of 90% of par.

Scotia Capital (USA) Inc. is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:	Bank of Nova Scotia
Issue:	Partial principal at risk securities
Underlying index:	S&P 500 index
Amount:	$1,954,000
Maturity:	Jan. 6, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index gain, capped at par plus 20%; otherwise, 1% loss for every 1% decline to minimum payout of 90% of par
Initial value:	4,783.35
Principal protection:	90%
Pricing date:	Dec. 28
Settlement date:	Jan. 3
Agent:	Scotia Capital (USA) Inc.
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	06417YYQ6

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