New Issue: Scotiabank sells $2.65 million strategic accelerated redemption securities on S&P

By Taylor Fox

New York, Nov. 2 – Bank of Nova Scotia priced $2.65 million of strategic accelerated redemption securities due Sept. 25, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at a premium of 10.1% per year if the closing level of the index is greater than its starting value on any of the six annual observation dates.

If the notes are not called, investors lose 1% for each 1% decline in the index.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$2,592,100
Maturity:	Sept. 25, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If not called, full exposure to loss
Call:	At par of $10 plus 10.1% a year if the closing level of the index is greater than its starting value on any of six annual observation dates
Initial level:	3,335.47
Agent:	BofA Securities, Inc.
Pricing date:	Sept. 29
Settlement date:	Oct. 6
Fees:	2%
Cusip:	06417R294

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