New Issue: Scotia sells $11.06 million autocallable bear Strategic Accelerated Redemption Securities

By William Gullotti

Buffalo, N.Y., June 21 – Bank of Nova Scotia priced $11.06 million of autocallable bear Strategic Accelerated Redemption Securities due June 28, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 34.3% per year if the closing level of the index is less than or equal to its starting value on any quarterly valuation date after six months.

If the notes are not called at maturity, investors lose 1% for each 1% gain in the index.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Autocallable bear Strategic Accelerated Redemption Securities
Underlying index:	S&P 500 index
Amount:	$11,055,800
Maturity:	June 28, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If not called, lose 1% for each 1% gain of the index
Call:	At par plus 34.3% per year if the closing level of the index is less than or equal to its starting value on any quarterly valuation date after six months
Initial level:	4,425.84
Agent:	BofA Securities, Inc.
Pricing date:	June 15
Settlement date:	June 23
Fees:	1.25%
Cusip:	06418G594

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