New Issue: Scotiabank prices $7.94 million digital notes linked to S&P 500 index

By William Gullotti

Buffalo, N.Y., May 13 – Bank of Nova Scotia priced $7.94 million of 0% digital notes due Jan. 18, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold level, the payout at maturity will be $1,172.50 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$7,941,000
Maturity:	Jan. 18, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above threshold level, $1,172.50 per $1,000 principal amount; otherwise,1.1765% loss for each 1% beyond 15%
Initial index level:	4,001.05
Threshold value:	85% of initial level
Pricing date:	May 10
Settlement date:	May 17
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	06416DAX4

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