By Wendy Van Sickle
Columbus, Ohio, Feb. 24 – Bank of Nova Scotia priced $43 million of 0% capped buffer in-gears due Dec. 2, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above 150% of the initial level, the payout at maturity will be par plus 72.2%.
If the index finishes between 117% and 150% of the initial level, the payout will be par plus 1.7152 times the index gain in excess of 117% plus 15.6%.
If the index finishes between 91% and 117% of its initial level, the payout will be par plus 0.6 times the index return in excess of 91%.
If the index finishes below the 91% downside threshold, investors will lose 1% for every 1% index decline beyond 9%.
Scotia Capital (USA) Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Bank of Nova Scotia
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| Issue: | Capped buffer in-gears
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| Underlying index: | Russell 2000
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| Amount: | $43 million
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| Maturity: | Dec. 2, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index finishes above 150% of the initial level, par plus 72.2%; if final index level is between 117% and 150% of initial level, par plus 1.7152 times index gain in excess of 117% plus 15.6%; if final index level is between 91% and 117% of initial level, par plus 0.6 times the index return in excess of 91%; 1% loss for every 1% index decline beyond 9%
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| Initial level: | Average of index closing levels over three-month period from Feb. 16 to and including March 1
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| Final level: | Average of index closing levels over the three-month period from Sept. 11, 2026 to and including Dec. 9, 2026
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| Pricing date: | Feb. 18
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| Settlement date: | Feb. 23
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| Agents: | Scotia Capital (USA) Inc. and UBS Financial Services Inc.
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| Fees: | 0.25%
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| Cusip: | 06417T886
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