New Issue: Scotia sells $1.89 million market-linked autocalls with buffered downside on S&P 500

By William Gullotti

Buffalo, N.Y., June 8 – Bank of Nova Scotia priced $1.89 million of 0% market-linked securities – autocallable with fixed percentage buffered downside due June 2, 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 par plus an annualized call premium of 8% 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 at or above its 90% buffer 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:	$1,885,000
Maturity:	June 2, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above buffer level, par; otherwise, 1% loss for each 1% index decline beyond 10%
Call:	At par plus 8% per year if index closes at or above its initial level on any annual observation date
Initial level:	4,158.24
Buffer level:	3,742.416; 90% of initial level
Pricing date:	May 27
Settlement date:	June 2
Agents:	Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC
Fees:	2.825%
Cusip:	06416DAS5

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