New Issue: Scotiabank prices $5 million PLUS linked to S&P 500

By William Gullotti

Buffalo, N.Y., Feb. 21 – Bank of Nova Scotia priced $5 million of Performance Leveraged Upside Securities due Jan. 30, 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 200% of any index gain, capped at par plus 26.1%.

Investors will be fully exposed to any index decline.

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

Issuer:	Bank of Nova Scotia
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500 index
Amount:	$5 million
Maturity:	Jan. 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 26.1%; otherwise, full exposure to decline
Initial value:	5,021.84
Pricing date:	Feb. 12
Settlement date:	Feb. 15
Agent:	Scotia Capital (USA) Inc.
Dealer:	Morgan Stanley Wealth Management
Fees:	1.25%
Cusip:	06417YM30

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