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TORONTO - The Bank of Nova Scotia (NYSE:BNS) announced Tuesday the issuance of €10 million in Callable Zero Coupon Notes due June 17, 2054, under its Euro Medium Term Note Programme.
According to a press release statement, the pricing supplement for these notes is dated June 12, 2025. The notes will not pay periodic interest but instead are issued at a discount to their face value.
The callable feature gives the issuer the right to redeem the notes before the maturity date under conditions specified in the offering documentation.
The bank indicated that the notes have not been and will not be registered under the United States Securities Act of 1933. With certain exceptions, they cannot be offered, sold or delivered in or into the United States or to U.S. persons.
The target market for these notes, under UK MIFIR product governance guidelines, is limited to eligible counterparties and professional clients only.
Investors seeking complete information about the offering must review both the pricing supplement and the bank’s prospectus dated July 11, 2024, along with supplemental prospectuses dated August 27, 2024, December 10, 2024, February 25, 2025, and May 27, 2025.
The notes have been admitted to the International Securities Market (ISM), with the pricing supplement constituting admission particulars for purposes of the ISM Rulebook.
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