BANK OF NOVA SCOTIA (BNS) Form 424B3 — Oct 7, 2026
The Bank of Nova Scotia filed a pricing addendum for $10 million of Capped In-GEARS senior unsecured notes linked to the S&P 500 Index, due May 6, 2032. The notes offer a maximum gain of 94.162% at maturity, with the initial level set at 7,684.30. The notes carry full downside exposure: investors lose 2% of principal for each 1% the S&P 500 underperforms a 96% threshold, and can lose their entire investment if the index falls more than 8% below the initial level. The notes pay no interest and are unlisted.
Key figures
- Gross Proceeds
- 10000000
- Offering Price
- 10
- Shares Offered
- 1000000
- Issue size
- $10,000,000
- Maximum gain
- 94.162%
- Maturity date
- May 6, 2032
- Proceeds to bns
- $9,975,000
- Minimum investment
- $1,000 (100 securities)
- Underwriting discount total
- $25,000
- Maximum payment per security
- $19.4162
- Estimated value at trade date
- $9.719 per security
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.