New Issue: Scotia prices $6.35 million Accelerated Return Notes tied to S&P, Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., Dec. 29 – Bank of Nova Scotia priced $6.35 million of 0% Accelerated Return Notes due Dec. 21, 2026 linked to the performance 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.

If the best-performing index gains, the payout at maturity will be par plus 200% of the gain of that index, capped at par plus 25.86%.

Otherwise, investors will be fully exposed to any decline of the best-performing index.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying indexes:	S&P 500 index, Russell 2000 index, Nasdaq-100 index
Amount:	$6,351,770
Maturity:	Dec. 21, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any gain in best-performing index, up to a maximum return of par plus 25.86%; otherwise, lose 1% for every 1% decline of best-performing index from initial level
Initial levels:	4,746.75 for S&P, 2,017.065 for Russell, 16,757.41 for Nasdaq
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Underwriter:	BofA Securities, Inc.
Fees:	2.25%
Cusip:	06418J309

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