The Bank of Nova Scotia (BNS) issued senior unsecured market-linked securities tied to Oklo Inc.'s common stock. The notes mature on January 22, 2027.
The securities offer a potential contingent coupon of 30.00% per year, paid monthly. Payment requires Oklo stock to close at or above 50% of its initial price of $94.95.
The notes are auto-callable starting July 2026 if Oklo stock is at or above the starting price. If the notes are not called, principal is at risk if the final stock price falls more than 50% below the initial price at maturity.