New Issue: Scotiabank prices $10.56 million capped buffer gears linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 31 – Bank of Nova Scotia priced $10.56 million of 0% capped buffer gears due Oct. 31, 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 double any index gain, capped at par plus 24.3%.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

Scotia Capital (USA) Inc. is the agent. UBS Financial Services Inc. is the selling agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffer gears
Underlying index:	S&P 500 index
Amount:	$10,564,120
Maturity:	Oct. 31, 2025
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus two times any index gain, capped at par plus 24.3%; par if index falls by up to 15%; otherwise, 1% loss for every 1% decline beyond buffer
Initial level:	4,137.23
Downside threshold:	3,516.65; 85% of initial level
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	Scotia Capital (USA) Inc.
Selling agent:	UBS Financial Services Inc.
Fees:	2%
Cusip:	06418E599

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