New Issue: Scotia prices $5.58 million accelerated return notes on Gold Miners

By Wendy Van Sickle

Columbus, Ohio, Dec. 31 – Bank of Nova Scotia priced $5.58 million of 0% Accelerated Return Notes due Feb. 25, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 37%. Investors will be exposed to any fund decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying fund:	VanEck Vectors Gold Miners ETF
Amount:	$5.58 million
Maturity:	Feb. 25, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any fund gain, up to a maximum return of 37%; investors will be exposed to any fund decline
Initial level:	$35.92
Final level:	Average of index’s closing levels on five trading days ending Feb. 22, 2022
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	06417R187

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