New Issue: Scotia prices $30.45 million accelerated return notes linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Dec. 31 – Bank of Nova Scotia priced $30.45 million of 0% Accelerated Return Notes due Feb. 25, 2022 linked to an international equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a weight of 40%, the FTSE 100 index and the Nikkei 225 index each with a weight of 20%, the Swiss Market index and the S&P/ASX 200 index each with a weight of 7.5% and the Hang Seng index with a weight of 5%.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 14.62%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 and Nikkei Stock (20% weight each), Swiss Market and S&P/ASX 200 (7.5% weight each) and Hang Seng (5% weight)
Amount:	$30,449,580
Maturity:	Feb. 25, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, up to a maximum return of 14.62%; investors will be exposed to any basket decline
Initial index levels:	3,539.26 for Stoxx, 6,5495.75 for FTSE, 26,524.79 for Nikkei, 10,411.92 for Swiss, 6,643.135 for S&P/ASX, 26,343.1 for Hang Seng
Final level:	Average of index’s closing levels on five trading days ending Feb. 22, 2022
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	06417R195

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