By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – Bank of Nova Scotia priced $1.8 million of 0% contingent barrier return enhanced notes due Feb. 23, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level is greater than the initial level, the payout at maturity will be par plus 1.1465 times the gain.
If the index finishes flat or declines up to 30%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% of index decline from its initial level.
Scotia Capital (USA) Inc. is the agent with J.P. Morgan Securities LLC as placement agent.
| Issuer: | Bank of Nova Scotia
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| Issue: | Contingent barrier return enhanced notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.8 million
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| Maturity: | Feb. 23, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.1465 times any index gain; if index finishes flat or declines no more than 30%, par; otherwise, full exposure to index decline from initial level
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| Initial level: | 4,117.86
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| Barrier level: | 2,882.5; 70% of initial level
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| Pricing date: | Feb. 10
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| Settlement date: | Feb. 15
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| Agent: | Scotia Capital (USA) Inc. with J.P. Morgan Securities LLC as placement agent
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| Fees: | 2%
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| Cusip: | 06417YEE5
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