New Issue: Scotiabank prices $16.26 million autocallable Leveraged Index Return Notes on Russell

By William Gullotti

Buffalo, N.Y., April 1 – Bank of Nova Scotia priced $16.26 million of 0% autocallable Leveraged Index Return Notes due March 29, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called automatically at par plus a 10% call premium if the index closes at or above its initial level on April 4, 2025.

The payout at maturity will be par plus 226% of any index gain.

Investors will be fully exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Autocallable Leveraged Index Return Notes
Underlying index:	Russell 2000 index
Amount:	$16,258,630
Maturity:	March 29, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 226% of any index gain; otherwise, full exposure to loss
Call:	Automatically at par plus a 10% call premium if the index closes at or above initial level on April 4, 2025
Initial level:	2,114.349
Pricing date:	March 27
Settlement date:	April 4
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06418H402

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