New Issue: Scotia prices $15.95 million autocallable Strategic Accelerated Redemption Securities on S&P

By Wendy Van Sickle

Columbus, Ohio, Sept. 7 – Bank of Nova Scotia priced $15.95 million of autocallable Strategic Accelerated Redemption Securities due Aug. 31, 2028 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 9.38% if the closing level of the index is equal to or greater than its initial level on any yearly observation date.

If the notes are not called at maturity, investors will have full exposure to the index decline.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Autocallable Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$15,950,470
Maturity:	Aug. 31, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Full exposure to loss of index
Call:	Par plus 9.38% annualized call premium if the closing level of the index is equal to or greater than its initial level on any yearly observation date
Initial level:	4,507.66
Pricing date:	Aug. 31
Settlement date:	Sept. 8
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06418G438

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