New Issue: Scotia prices $6.18 million capped gears linked to Russell 2000

By William Gullotti

Buffalo, N.Y., Jan. 24 – Bank of Nova Scotia priced $6.18 million of 0% capped gears due Feb. 29, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of par plus 25.4%.

Investors will be exposed to any losses.

UBS Financial Services Inc. and Scotia Capital (USA) Inc. are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Capped gears
Underlying index:	Russell 2000 index
Amount:	$6,180,960
Maturity:	Feb. 29, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any index gain, capped at par plus 25.4%; otherwise, 1% loss per 1% decline
Initial level:	1,722.021
Pricing date:	Dec. 28
Settlement date:	Dec. 30
Agents:	UBS Financial Services Inc. and Scotia Capital (USA) Inc.
Fees:	2%
Cusip:	06418A142

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