New Issue: Scotia prices $12.69 million capped gears linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 2 – Bank of Nova Scotia priced $12.69 million of 0% capped gears due Nov. 29, 2024 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 of $10 plus triple any index gain, up to a maximum return of 16.5%.

Investors will be exposed to any index decline.

Scotia Capital (USA) Inc. and UBS Financial Services Inc. are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Capped gears
Underlying index:	S&P 500 index
Amount:	$12,690,190
Maturity:	Nov. 29, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any index gain, capped at par plus 16.5%; otherwise, 1% loss per 1% index decline
Initial level:	4,273.53
Pricing date:	Sept. 26
Settlement date:	Sept. 29
Agents:	Scotia Capital (USA) Inc. and UBS Financial Services Inc.
Fees:	2%
Cusip:	06418E516

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