By Wendy Van Sickle
Columbus, Ohio, Feb. 15 – Bank of Nova Scotia priced $15.55 million of contingent income autocallable securities due Feb. 13, 2026 linked to the common stock of Rivian Automotive, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 33.8% if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date.
The securities will be called automatically starting May 10 at par if the price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity the payout will be par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline of the stock.
Scotia Capital is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Bank of Nova Scotia
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Rivian Automotive, Inc.
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| Amount: | $15,546,300
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| Maturity: | Feb. 13, 2026
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| Coupon: | 33.8% if the underlying stock closes at or above its downside threshold on related quarterly observation date
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| Price: | $10.00 per security
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| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically starting May 10 at par if the price of the underlying stock is greater than or equal to its initial price on any quarterly review date
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| Initial level: | $18.85
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| Downside threshold: | $9.425, 50% 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 with Morgan Stanley Wealth Management as dealer
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| Fees: | 2.25%
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| Cusip: | 06418A381
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