New Issue: Scotia prices $4.15 million barrier return notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., Feb. 23 – Bank of Nova Scotia priced $4.15 million of 0% barrier return notes due Feb. 20, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes positive, the payout at maturity will be par plus the index return.

Investors will receive par if the index declines but finishes at or above its 73.8% barrier and will lose 1% for each 1% decline if it finishes below the barrier.

Scotia Capital (USA) Inc. is the agent with J.P. Morgan Securities LLC acting as the placement agent.

Issuer:	Bank of Nova Scotia
Issue:	Barrier return notes
Underlying index:	S&P 500 index
Amount:	$4.15 million
Maturity:	Feb. 20, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; if index declines but finishes at or above barrier level, par; otherwise, full exposure to index decline from initial level
Initial level:	4,953.17
Barrier level:	3,878.33; 73.8% of initial level
Strike date:	Feb. 13
Pricing date:	Feb. 16
Settlement date:	Feb. 22
Agents:	Scotia Capital (USA) Inc. with J.P. Morgan Securities LLC as placement agent
Fees:	1.5%
Cusip:	06417YM97

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