By William Gullotti
Buffalo, N.Y., Dec. 6 – Bank of Nova Scotia priced $13.97 million of autocallable Strategic Accelerated Redemption Securities due Nov. 20, 2026 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 12% 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, investors will be fully exposed to the decline of the index from its initial level.
BofA Securities, Inc. is the agent.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Autocallable Strategic Accelerated Redemption Securities
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| Underlying index: | Russell 2000
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| Amount: | $13,973,190
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| Maturity: | Nov. 20, 2026
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | Full exposure to loss if index declines
|
| Call: | Par plus 12% 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: | 1,809.02
|
| Pricing date: | Nov. 30
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| Settlement date: | Dec. 7
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 06418F836
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