New Issue: Scotia sells $67.52 million capped enhanced participation notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 6 – Bank of Nova Scotia priced $67.52 million of 0% capped enhanced participation notes due Feb. 6, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of $1,195.60 per $1,000 principal amount of notes.

Investors will be fully exposed to any index decline.

Scotia Capital (USA) Inc. is the underwriter with Goldman Sachs & Co. LLC as a dealer.

Issuer:	Bank of Nova Scotia
Issue:	Capped enhanced participation notes
Underlying index:	S&P 500
Amount:	$67,515,000
Maturity:	Feb. 6, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, up to maximum payout of $1,195.60 per $1,000 principal amount of notes; full exposure to loss
Initial index level:	4,237.86
Pricing date:	Nov. 1
Settlement date:	Nov. 8
Agent:	Scotia Capital (USA) Inc. with Goldman Sachs & Co. LLC as dealer
Fees:	0.94%
Cusip:	06417YVV8

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