New Issue: Scotiabank prices $2.63 million buffered PLUS linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 22 – Bank of Nova Scotia priced $2.63 million of 0% buffered Performance Leveraged Upside Securities due May 21, 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 200% of any index gain, capped at par plus 28%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Scotia Capital (USA) Inc. is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:	Bank of Nova Scotia
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500 index
Amount:	$2,628,000
Maturity:	May 21, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 28%; par if index declines by up to 10%; otherwise, 1% loss per 1% decline beyond 10%
Initial value:	4,158.77
Buffer level:	90% of initial value
Pricing date:	May 18
Settlement date:	May 25
Agent:	Scotia Capital (USA) Inc.
Dealer:	Morgan Stanley Wealth Management
Fees:	0%
Cusip:	06417YJF7

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