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Published on 10/26/2023 in the Prospect News Structured Products Daily.

New Issue: Scotia prices $2.51 million PLUS linked to Russell 2000

Chicago, Oct. 26 – Bank of Nova Scotia priced $2.51 million of 0% PLUS due Feb. 5, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return subject to a maximum return of par plus 22.2%. Investors will lose 1% for every 1% that it declines.

Scotia Capital Inc. is the agent. Morgan Stanley Wealth Management is the underwriter.

Issuer:Bank of Nova Scotia
Issue:PLUS
Underlying index:Russell 2000 index
Amount:$2,509,000
Maturity:Feb. 5, 2025
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 300% of index return subject to a maximum return of par plus 22.2%; 1% loss for every 1% that index declines
Initial level:1,728.809
Upside leverage:300%
Cap:22.2%
Pricing date:Oct. 18
Settlement date:Oct. 23
Agent:Scotia Capital Inc.
Underwriter:Morgan Stanley Wealth Management
Fees:2.25%
Cusip:06417YVF3

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