New York, Feb. 20 – Bank of Nova Scotia priced $13.84 million of 0% dual directional buffered PLUS due Feb. 4, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 200% of the index return subject to a maximum return of par plus 23.9%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 10% buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
The securities are non-callable.
Scotia Capital is the agent.
| Issuer: | Bank of Nova Scotia
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| Issue: | Dual directional buffered PLUS
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| Underlying index: | Russell 2000 index
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| Amount: | $13,842,000
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| Maturity: | Feb. 4, 2026
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| Coupon: | 0%
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| Price: | $1,000.00 per Buffered PLUS (see Commissions and issue price below)
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| Payout at maturity: | If index gains par plus 200% of index return subject to a maximum return of par plus 23.9%; par plus absolute value of index return if index declines but by no more than the 10% buffer; 1% loss for every 1% that index declines beyond buffer
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| Upside leverage: | 200%
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| Cap: | 23.9%
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| Buffer: | 10%
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| Call: | Non-callable
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| Initial level: | 1,947.342
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | Scotia Capital
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| Fees: | 3%
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| Cusip: | 06417YG37
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