New Issue: Scotia sells $4.91 million market-linked autocalls with buffered downside on S&P 500

By Kiku Steinfeld

Chicago, April 19 – Bank of Nova Scotia priced $4.91 million of 0% market-linked securities – autocallable with fixed percentage buffered downside due April 7, 2025 linked to the S&P 500 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 5% if the index closes at or above the initial level on any annual observation date.

If the notes are not called and the index finishes above its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline beyond 10%.

Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Market-linked securities – autocallable with fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$4,913,000
Maturity:	April 7, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above buffer level, par; 1% loss for each 1% index decline beyond 10%
Call:	At par plus 5% per year if index closes at or above its initial level on any annual observation date
Initial level:	3,972.89
Buffer level:	3,575.601, 90% of initial level
Pricing date:	March 31
Settlement date:	April 6
Agents:	Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC
Fees:	2.825%
Cusip:	064159T30

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