New Issue: Scotia prices $2.08 million Trigger PLUS linked to iShares Silver Trust

By William Gullotti

Buffalo, N.Y., Jan. 8 – Bank of Nova Scotia priced $2.08 million of 0% Trigger PLUS due Jan. 6, 2027 linked to the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 300% of the ETF return, capped at par plus 58%.

Investors will receive par if the ETF return is negative but ends at or above the 80% trigger and will lose 1% for every 1% decline if it ends below the trigger level.

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

Issuer:	Bank of Nova Scotia
Issue:	Trigger PLUS
Underlying ETF:	iShares Silver Trust
Amount:	$2,084,000
Maturity:	Jan. 6, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 300% of ETF return, capped at par plus 58%; par if ETF declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that ETF declines from initial level
Initial level:	$21.99
Trigger level:	80% of initial level
Pricing date:	Dec. 28
Settlement date:	Jan. 3
Agent:	Scotia Capital (USA) Inc.
Dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	06417YYL7

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