New Issue: Scotia prices $1.65 million buffered PLUS tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 27 – Bank of Nova Scotia priced $1.65 million of 0% buffered Performance Leveraged Upside Securities due Jan. 25, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payout of par plus 20.1%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500 index
Amount:	$1.65 million
Maturity:	Jan. 25, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at 20.1%; investors will receive par if the index declines by 10% or less; otherwise, 1% loss for every 1% decline beyond 10%
Initial level:	3,852.36
Buffer level:	90% of initial level
Pricing date:	Dec. 19
Settlement date:	Dec. 21
Agents:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	06417YCU1

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