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Published on 11/14/2023 in the Prospect News Structured Products Daily.

New Issue: Scotia prices $4.55 million capped buffered enhanced participation notes on S&P

Chicago, Oct. 27 – Bank of Nova Scotia priced $4.55 million of 0% capped buffered enhanced participation notes due Jan. 8, 2026 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 200% of the index return, subject to a maximum settlement amount of $1,270 per $1,000 principal amount of notes.

Investors will receive par if the index finishes flat or falls by up to 20% and will lose 1.25% for each 1% index decline beyond 20%.

Scotia Capital (USA) Inc. is the underwriter.

Issuer:Bank of Nova Scotia
Issue:Capped buffered enhanced participation notes
Underlying index:S&P 500 index
Amount:$4,551,000
Maturity:Jan. 8, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any index gain, up to maximum payout of $1,270 per $1,000 principal amount of notes; par if index finishes flat or falls by up to 20%; 1.25% loss for each 1% index decline beyond 20%
Initial index level:4,347.35
Buffer level:80% of initial level
Pricing date:Nov. 9
Settlement date:Nov. 16
Agent:Scotia Capital (USA) Inc.
Fees:0%
Cusip:06417YB32

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