New Issue: Scotia prices $17.75 million autocallable Stars tied to Russell 2000

By William Gullotti

Buffalo, N.Y., Oct. 31 – Bank of Nova Scotia priced $17.75 million of autocallable Strategic Accelerated Redemption Securities due Oct. 27, 2028 linked to the performance of 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 10.05% if the closing level of the index is equal to or greater than its initial level on any yearly observation date.

If the notes are not called at maturity and the index finishes at or above its 85% buffer level, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index beyond 15%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Autocallable Strategic Accelerated Redemption Securities
Underlying index:	Russell 2000
Amount:	$17,752,670
Maturity:	Oct. 27, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index declines by no more than 15%, par; otherwise, lose 1% for each 1% decline beyond 15%
Call:	Par plus 10.05% annualized call premium if the closing level of the index is equal to or greater than its initial level on any yearly observation date
Initial level:	1,657.003
Buffer level:	1,408.453; 85% of initial level
Pricing date:	Oct. 26
Settlement date:	Nov. 2
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06418G230

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