New Issue: Scotia sells $1.59 million contingent market-linked autocalls on Nasdaq, Russell, S&P

By William Gullotti

Buffalo, N.Y., Aug. 13 – Bank of Nova Scotia priced $1.59 million of market-linked securities due June 19, 2025 – autocallable with contingent coupon and contingent downside linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.5% if each index closes at or above its 70% coupon threshold on the observation date for that period.

The notes will be called at par plus coupon if each index closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par plus the final coupon unless any index finishes below its 70% downside threshold, in which case investors will be fully exposed to the decline of the worst performer from its initial level.

Scotia Capital (USA) Inc. is the agent with Wells Fargo Securities, LLC acting as the agent for distribution.

Issuer:	Bank of Nova Scotia
Issue:	Market linked securities – autocallable with contingent coupon and contingent downside
Underlying indexes:	S&P 500 index, Russell 2000 index, Nasdaq-100 index
Amount:	$1,594,000
Maturity:	June 19, 2025
Coupon:	6.5% annualized, payable quarterly if each index closes at or above coupon threshold on observation date for that period
Price:	Par
Payout at maturity:	Par plus the final coupon unless any index falls by more than 30%, in which case 1% loss per 1% decline of worst performing index
Call:	At par plus coupon if each index closes at or above its initial level on any interest payment date after six months
Initial levels:	4,223.7 for S&P, 2,314.691 for Russell, 13,983.01 for Nasdaq
Coupon thresholds:	2,956.59 for S&P, 1,620.2837 for Russell, 9,788.107 for Nasdaq; 70% of initial levels
Downside thresholds:	2,956.59 for S&P, 1,620.2837 for Russell, 9,788.107 for Nasdaq; 70% of initial levels
Pricing date:	June 16
Settlement date:	June 21
Agent:	Scotia Capital (USA) Inc. with Wells Fargo Securities, LLC as agent for distribution
Fees:	2.175%
Cusip:	064159W44

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