By Kiku Steinfeld
Chicago, Jan. 7 – Bank of Nova Scotia priced $65,000 of 0% buffered enhanced participation notes due Jan. 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 102% of the index return.
Investors will receive par if the index finishes flat or falls by up to 20% and will lose 1% for each 1% index decline beyond 20%.
Scotia Capital (USA) Inc. is the agent. Goldman Sachs & Co. LLC is the dealer.
| Issuer: | Bank of Nova Scotia
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| Issue: | Buffered enhanced participation notes
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| Underlying index: | S&P 500
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| Amount: | $65,000
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| Maturity: | Jan. 6, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 102% of any index gain; par if index finishes flat or falls by 20%; 1% loss for each 1% index decline beyond 20%
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| Initial index level: | 3,257.85
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| Buffer level: | 80% of initial level
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| Pricing date: | Jan. 2
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| Settlement date: | Jan. 7
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| Agent: | Scotia Capital (USA) Inc.
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| Dealer: | Goldman Sachs & Co. LLC
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| Fees: | 0.9%
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| Cusip: | 064159RD0
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