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Published on 6/29/2021 in the Prospect News Structured Products Daily.

New Issue: Scotia prices $36.62 million Leveraged Index Return Notes on Stoxx 50

By Marisa Wong

Los Angeles, June 29 – Bank of Nova Scotia priced $36.62 million of 0% Leveraged Index Return Notes due June 26, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 139.1% of the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

BofA Securities, Inc. is the agent.

Issuer:Bank of Nova Scotia
Issue:Leveraged Index Return Notes
Underlying index:Euro Stoxx 50 index
Amount:$36,620,580
Maturity:June 26, 2026
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 139.1% of any index gain; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial level:4,122.43
Threshold level:3,297.94, or 80% of initial level
Final level:Average of index’s closing levels on five trading days ending June 23, 2026
Pricing date:June 24
Settlement date:July 1
Underwriter:BofA Securities, Inc.
Fees:2.5%
Cusip:06417V287

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