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Published on 6/30/2021 in the Prospect News Structured Products Daily.

New Issue: Scotia prices $6.21 million Leveraged Index Return Notes on Russell 1000 Value

By Wendy Van Sickle

Columbus, Ohio, June 30 – Bank of Nova Scotia priced $6.21 million of 0% Leveraged Index Return Notes due June 26, 2026 linked to the Russell 1000 Value index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 130.06% of the index return. Investors will lose 1% for every 1% index decline.

BofA Securities, Inc. is the agent.

Issuer:Bank of Nova Scotia
Issue:Leveraged Index Return Notes
Underlying index:Russell 1000 Value index
Amount:$6,212,650
Maturity:June 26, 2026
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 130.06% of any index gain; 1% loss for every 1% that index declines
Initial level:1,560.861
Final level:Average of index’s closing levels on five trading days ending June 23, 2026
Pricing date:June 24
Settlement date:July 1
Underwriter:BofA Securities, Inc.
Fees:2.5%
Cusip:06417V253

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