ONEOK Stock - Featured in New Bank of Nova Scotia Autocallable Notes
17.06.2026 - 15:34:07 | ad-hoc-news.de
Edited by ad hoc news Operations & Strategy Desk. Verified prior to publication on 06/17/2026, 15:31 CET. Details in the imprint.
ONEOK (US6826801036) appears as one of three underlying stocks in a new structured product from Bank of Nova Scotia. The Canadian bank tied fresh five-year autocallable contingent buffered notes partly to ONEOK's common shares, according to a recent SEC filing.
All news and data on ONEOK stock
Key filings, price data and background on ONEOK can be found in our dedicated topic section and on the company’s investor relations page.
What the new notes involve
The Bank of Nova Scotia is issuing $1,429,000 in “Autocallable Contingent Buffered Return Enhanced Notes” linked to Fortinet, GE Vernova and ONEOK as reference assets. The notes carry a principal amount of $1,000 per note and no periodic interest.
According to the pricing supplement, the product offers a 200.00% participation rate in the upside of the least performing reference asset above its initial value, together with a fixed $250 call premium if all three stocks meet or exceed their call values on the review date.
The notes include a 40.00% buffer on the downside with a leveraged loss factor of approximately 1.6667 if the least performing stock finishes below the buffer at maturity. Investors are therefore exposed to both the credit risk of Bank of Nova Scotia and the equity risk of the three underlying shares.
Key dates and structure details
The trade date for the notes was June 12, 2026, with the original issue and settlement date set at June 17, 2026. The single review date, relevant for automatic call and payment of the call premium, falls on September 14, 2026.
If the notes are not called on that review date, they continue until the scheduled maturity on June 17, 2031. At that point, the payoff will depend on the final performance of the least performing of Fortinet, GE Vernova and ONEOK relative to its initial level.
Operational backdrop for ONEOK
ONEOK operates as a large North American midstream company with a focus on natural gas liquids (NGL) gathering, fractionation and transportation, as well as natural gas pipelines and related services for producers and utilities. The business model generates substantial fee-based revenue.
Recent commentary has highlighted the stock’s performance in 2026, with one analysis noting that ONEOK shares were up about 18% year-to-date by early June and offering a dividend yield near 4.8%. That combination of income and exposure to US energy infrastructure keeps the name on institutional radar.
Analyst and market perspective
ONEOK is widely followed on Wall Street, with several brokerages rating the stock positively on the back of stable cash flows and dividend capacity. One recent summary cited a forward price-to-earnings multiple around 16.2x and about 50 hedge fund holders in the name.
In that context, inclusion as a reference asset in a structured note can be read as another example of how banks package midstream exposure for yield-focused clients, alongside more growth-oriented technology or industrial names.
The product behind the stock
ONEOK primarily earns money by transporting and processing natural gas liquids and natural gas through an extensive pipeline and gathering network across key US basins, charging volume-linked and fee-based tariffs to producers, processors and utilities.
Where the stock trades today
ONEOK shares (US6826801036) last traded on the New York Stock Exchange at approximately $86.22 on 06/16/2026, 15:59 Eastern Time, according to recent market data.
Key facts on ONEOK stock
- Company: ONEOK Inc.
- ISIN: US6826801036
- WKN: 911060
- Ticker: OKE
- Venue: NYSE
- Price (as of 06/16/2026, 15:59 Eastern Time): 86.22 USD
- Market cap: approximately 50.0 billion USD (as of mid-June 2026)
- Sector / Industry: Energy - Oil & Gas Midstream
- Index membership: S&P 500
- Next earnings date: not officially scheduled
This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.
