New Issue: Scotia sells $9.15 million capped buffered enhanced participation notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 19 – Bank of Nova Scotia priced $9.15 million of 0% capped buffered enhanced participation notes due Feb. 12, 2025 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 plus 210% of any gain in the index up to a maximum payout of $1,310.80 per $1,000 of notes.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

Scotia Capital (USA) Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying index:	S&P 500
Amount:	$9,147,000
Maturity:	Feb. 12, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 210% of any gain in the index up to a maximum payout of $1,310.80 per $1,000 of notes; par if index falls by up to 20%; 1.25% loss for each 1% decline beyond 20%
Initial index level:	4,019.65
Pricing date:	Dec. 13
Settlement date:	Dec. 20
Agent:	Scotia Capital (USA) Inc.
Fees:	0%
Cusip:	06417YCM9

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