By Wendy Van Sickle
Columbus, Ohio, Feb. 26 – Bank of Nova Scotia priced $965,000 of 0% market-linked securities – leveraged upside participation and contingent downside due Aug. 17, 2023 linked to the Energy Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the ETF.
Investors will receive par if the ETF falls by up to 30%
Otherwise, investors will lose 1% for every 1% that the ETF declines from its initial level.
Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Market-linked securities – leveraged upside participation and contingent downside
|
| Underlying: | Energy Select Sector SPDR fund
|
| Amount: | $965,000
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| Maturity: | Aug. 17, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 150% of any ETF gain; par if ETF falls by up to 30%; otherwise, 1% loss for every 1% decline of ETF from initial level
|
| Initial level: | $44.67
|
| Buffer level: | $31.269, 70% of initial level
|
| Pricing date: | Feb. 12
|
| Settlement date: | Feb. 17
|
| Agents: | Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC
|
| Fees: | 2.56%
|
| Cusip: | 064159R99
|
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