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Published on 11/7/2023 in the Prospect News Structured Products Daily.

New Issue: Scotia prices $2.55 million Buffered PLUS linked to iShares Silver

New York, Nov. 7 – Bank of Nova Scotia priced $2.55 million of 0% Buffered PLUS due Nov. 4, 2026 linked to the common stocks of iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the ETF is positive, the payout at maturity will be par plus 300% of the return subject to a maximum return of par plus 53%. Investors will receive par if the ETF declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

Scotia Capital (USA) Inc. is the agent. Morgan Stanley Wealth Management is distributor.

Issuer:Bank of Nova Scotia
Issue:Buffered PLUS
Underlying ETF:iShares Silver Trust
Amount:$2,546,000
Maturity:Nov. 4, 2026
Coupon:0%
Price:Par
Payout at maturity:If return of ETF is positive, par plus 300% of return subject to a maximum return of par plus 53%; par if ETF declines by 15% or less; 1% loss for every 1% that ETF declines beyond 15%
Initial level:$20.98
Buffer level:85% of initial level
Upside leverage:300%
Cap:53%
Pricing date:Oct. 31
Settlement date:Nov. 3
Agent:Scotia Capital (USA) Inc.
Distributor:Morgan Stanley Wealth Management
Fees:3%
Cusip:06417YWH8

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