New Issue: Scotia prices $104.26 million capped Leveraged Index Return Notes on S&P

By William Gullotti

Buffalo, N.Y., Oct. 4 – Bank of Nova Scotia priced $104.26 million of 0% capped Leveraged Index Return Notes due Sept. 27, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum payout of par plus 28.98%.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P 500 index
Amount:	$104,261,860
Maturity:	Sept. 27, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 28.98%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial level:	3,640.47
Threshold level:	3,276.42; 90% of initial level
Final level:	Average of index’s closing levels on five trading days ending Sept. 24, 2024
Pricing date:	Sept. 29
Settlement date:	Oct. 6
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06418B298

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