New Issue: Scotia prices $8.61 million capped buffer gears linked to S&P 500

By William Gullotti

Buffalo, N.Y., Nov. 18 – Bank of Nova Scotia priced $8.61 million of 0% capped buffer gears due Nov. 20, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum return of par plus 27.2%.

If the index finishes flat or declines up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 15%.

UBS Financial Services Inc. and Scotia Capital (USA) Inc. are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffer gears
Underlying index:	S&P 500 index
Amount:	$8,606,450
Maturity:	Nov. 20, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 27.2%; if the index finishes flat or declines no more than 15%, par; otherwise, 1% loss for every 1% decline beyond 15%
Initial level:	3,991.73
Buffer level:	3,392.97; 85% of initial level
Pricing date:	Nov. 15
Settlement date:	Nov. 18
Agents:	UBS Financial Services Inc. and Scotia Capital (USA) Inc.
Fees:	2%
Cusip:	06417U628

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