Scotiabank to price Accelerated Return Notes tied to best of indexes

By Emma Trincal

New York, Dec. 13 – Bank of Nova Scotia plans to price 0% Accelerated Return Notes due December 2026 linked to the best performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, 424B2 filing with Securities and Exchange Commission.

The payout at maturity will be par plus 200% of the return of the best-performing index, subject to a capped return of 25% to 29%. The exact capped return will be set at pricing.

Investors will be fully exposed to the decline of the best-performing index.

BofA Securities, Inc. is the agent.

The notes will price and settle in December.

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