New Issue: Scotia prices $2.36 million market-linked autocalls with buffered downside on Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 27 – Bank of Nova Scotia priced $2.36 million of market-linked securities – autocallable with fixed percentage buffered downside due Jan. 23, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 5.15% if the index closes at or above the initial level on any annual observation date.

If the notes are not called and the index finishes above 90% of the initial level, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% index decline beyond 10%.

Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Market-linked securities – autocallable with fixed percentage buffered downside
Underlying index:	Russell 2000 index
Amount:	$2,355,000
Maturity:	Jan. 23, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above buffer level, par; 1% loss for each 1% index decline beyond 10%
Call:	At par plus 5.15% per year if index closes at or above its initial level on any annual observation date
Initial level:	2,123.201
Buffer level:	1,910.8809, 90% of initial level
Pricing date:	Jan. 15
Settlement date:	Jan. 21
Agents:	Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC
Fees:	2.825%
Cusip:	064159P34

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