New Issue: Scotia sells $5.35 million autocallable bear Strategic Accelerated Redemption Securities

By Wendy Van Sickle

Columbus, Ohio, July 27 – Bank of Nova Scotia priced $5.35 million of autocallable bear Strategic Accelerated Redemption Securities due Aug. 2, 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 35.65% per year if the closing level of the index is less than or equal to its starting value on any quarterly valuation date.

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:	$5,347,530
Maturity:	Aug. 2, 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 35.65% per year if the closing level of the index is less than or equal to its starting value on any quarterly valuation date
Initial level:	4,536.34
Agent:	BofA Securities, Inc.
Pricing date:	July 21
Settlement date:	July 28
Fees:	1.25%
Cusip:	06418G453

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