New Issue: Scotia prices $1.07 million dual directional capped buffered notes tied to S&P

Chicago, Nov. 28 – Bank of Nova Scotia priced $1.07 million of 0% dual directional capped buffered notes due Nov. 28, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout will be par plus the index return, capped at par plus 26%.

The payout will be par plus the absolute value of the index return if the index declines by no more than 19.5%.

Otherwise, investors will lose 1% for every 1% that the index declines beyond 19.5%.

Scotia Capital (USA) Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Dual directional capped buffered notes
Underlying index:	S&P 500 index
Amount:	$1,070,000
Maturity:	Nov. 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus index return, capped at par plus 26%; par plus absolute value of index return if index declines by no more than 19.5%; otherwise, 1% for every 1% that the index declines beyond 19.5%
Initial level:	1,783.263
Buffer level:	1,435.527, 80.5% of initial level
Strike date:	Nov. 21
Pricing date:	Nov. 22
Settlement date:	Nov. 28
Agents:	Scotia Capital (USA) Inc. and J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	06417YXF1

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