BANK OF NOVA SCOTIA (BNS) Form 424B3 — Aug 18, 2026
The Bank of Nova Scotia filed an amended preliminary pricing supplement for Autocallable Contingent Coupon Notes due August 23, 2029, linked to the common stock of Tesla, Inc. The $1,000-denominated senior unsecured notes are expected to price August 18, 2026 and settle August 21, 2026, with aggregate size not yet disclosed. The notes pay a contingent coupon of at least $37.50 per quarter (at least 15.00% per annum) only if Tesla closes at or above 57.50% of its initial value on the quarterly observation dates, and are automatically called at par plus the coupon if Tesla is at or above its initial value on any call observation date.
Key figures
- Interest Rate
- At least 15.00% per annum (contingent coupon of at least $37.50 per quarter; not guaranteed)
- Maturity Date
- August 23, 2029
- Offering Price
- $1,000 per Note (100% of Principal Amount)
- Cusip
- 063941JB5 / US063941JB57
- Tenor
- approximately 3 years (Trade Date August 18, 2026 to Maturity August 23, 2029)
- Barrier Value
- 57.50% of Initial Value
- Proceeds To Bank
- 97.90% of Principal Amount
- Reference Asset
- Tesla, Inc. common stock (TSLA)
- Maximum Downside
- up to 100% of Principal Amount if Final Value is below Barrier Value
- Minimum Investment
- $1,000 and integral multiples thereof
- Original Issue Date
- August 21, 2026
- Underwriting Commission
- 2.10% ($21.00 per Note)
- Contingent Coupon Barrier
- 57.50% of Initial Value
- Contingent Coupon Per Period
- at least $37.50 per Note
- Initial Estimated Value Range
- $939.88 to $969.88 per $1,000 Principal Amount
AI analysis
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