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Published on 4/9/2024 in the Prospect News Structured Products Daily.

New Issue: Scotia prices $21.51 million Trigger PLUS linked to Russell 2000

New York, April 9 – Bank of Nova Scotia priced $21.51 million of 0% Trigger PLUS due Oct. 8, 2026 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 150% of the index return subject to a maximum return of par plus 41.5%. Investors will receive par if the index return is negative but ends at or above the 90% trigger and will lose 1% for every 1% decline if it ends below the trigger level.

Scotia Capital is the agent.

Issuer:Bank of Nova Scotia
Issue:Trigger PLUS
Underlying index:Russell 2000 index
Amount:$21,505,000
Maturity:Oct. 8, 2026
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 150% of index return subject to a maximum return of par plus 41.5%; par if index declines but finishes at or above trigger level; 1% loss for every 1% that index declines if it finishes below trigger level
Initial level:2,053.828
Trigger level:1,848.4452, 90% of initial level
Upside leverage:150%
Cap:41.5%
Pricing date:April 4
Settlement date:April 9
Agent:Scotia Capital
Fees:3%
Cusip:06417Y2K4

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