New Issue: Scotia sells $5.85 million capped buffer gears linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 18 – Bank of Nova Scotia priced $5.85 million of 0% capped buffer gears due April 16, 2026 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 of $10 plus double any index gain, capped at par plus 21.29%.

If the index falls by up to 10%, the payout will be par. Investors will lose 1% for every 1% index decline beyond 10%.

Scotia Capital (USA) Inc. and UBS Financial Services Inc. are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffer gears
Underlying index:	S&P 500 index
Amount:	$5,849,350
Maturity:	April 16, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus two times any index gain, capped at par plus 21.29%; par if index falls by up to 10%; 1% loss per 1% decline beyond 10%
Initial value:	5,123.41
Downside threshold:	4,611.07; 90% of initial level
Pricing date:	April 12
Settlement date:	April 17
Agents:	UBS Financial Services Inc. and Scotia Capital (USA) Inc.
Fees:	2%
Cusip:	06418H667

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