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The Trigger Jump Securities will pay no interest and do not guarantee any return of principal at maturity.At maturity, if the final share price of the underlying stock is greater than or equal to theinitial share price, investors will receive the stated principal amount of their investmentplusthe fixed upside payment. If the final share price is less than the initial share price but greater than or equal to the trigger level, investors will receive the stated principal amount of their investment. However, if the final share price is less than the trigger level, investors will lose 1% for every 1% thatthe final share price falls below the initial share price. Under these circumstances, the payment at maturity will be significantly less than the stated principal amount and could be as low as zero.Accordingly, the securities do not guarantee any return of principal at maturity and you could lose up to your entire investment in the securities.The securities are for investors whoseek an equity stock based return and who are willing to risk their principal and forgo current income and returns above the fixed upside payment in exchange for the fixed upside payment featurethat applies to a limited range of performance of the underlying stock. The securities are senior unsecured debt securities issued by The Bank of Nova Scotia (“BNS”). The securities are notes issued as part of BNS’ Senior Note Program, Series A.All payments on the securities are subject to the credit risk of BNS. If BNS were to default on its payment obligations, you may not receive any amounts owed to you under the SUMMARY TERMS Underlying stock:Aggregate principal amount: $●Stated principal amount:$1,000.00 per security$1,000.00 per security (see “Commissions and issue price” below) Minimum investment:$1,000.00 (1 security) May 27, 2025Original issue date:May 30, 2025 (3 business days after the pricing date). Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary marketgenerally are required to settle in one business day (T+1), unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade securitiesin the secondary market on any date prior to one business day before delivery will be required, by virtue of the fact that the securities will settle in three business days (T+3), to specify alternative settlement arrangements to prevent a failed settlement of the secondary market trade.December 28, 2026, subject to postponement in the event of a market disruption event as described in the accompanying product supplement.December 31, 2026, subject to postponement in the event of a market disruption event, as described in the accompanying product supplementPayment at maturity per security:■Ifthe final share price isgreater than or equal tothe initial share price:$1,000.00 + fixed upside payment $1,000.00■Ifthe final share price isless thanthe trigger level:$1,000.00 + ($1,000.00 × underlying return) these documents on the SEC website at www.sec.gov as follows (or if that address has changed, byreviewing our filings for the relevant date on the SEC website). involve risks not associated with conventional debt securities. We urge you to consult your investment, legal, tax, accounting and other advisors concerning aninvestment in the securities in light of your particular circumstances. You may access these documents on the SEC website at www.sec.gov as follows: http://www.sec.gov/Archives/edgar/data/9631/000183988224038316/bns_424b2-21309.htm♦ProspectusSupplement dated November 8, 2024: Investment OverviewTrigger Jump Securities The TriggerJump Securities based on the Performance of the Common Stock ofRepligen Corporation due on or about December 31, 2026 can be used:As an alternative to direct exposure to the underlying stock that provides a fixed entitled to receive any dividends paid with respect to the underlying stock or anyinterest payments, and any positive return will not exceed the fixed upside payment,regardless of whether or the extent to which the final share price exceeds the initialshare price. You should carefully consider whether an investment that does notprovide for any dividends, interest payments or any return beyond the fixed upsidepayment is appropriate for you. greater than or equal to the trigger level.If the final share price is less than the trigger level, the securities are exposed on a 1:1basis to the negative performance of the underlying stock.Maturity:Approximately 19 monthsFixed upside payment:$452.00 per security (45.20% of the stated principal amount) Listing:The securities will not be listed or displayed on any securities exchange or anyelectronic communications network.Key Investment RationaleInvestors can use the securities to earn a fixed positive return equal to the fixed upsidepayment if the final share price is greater than or equal to the initial share price and share price isless thanthe initial share pricebutgreater