New Issue: Scotia sells $2.75 million contingent market-linked autocalls on VanEck Gold

Chicago, Dec. 10 – Bank of Nova Scotia priced $2.75 million of market-linked securities – autocallable with contingent downside and principal at risk – due April 5, 2024 linked to the performance of the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 11.75% annualized premium if the ETF closes at or above its initial level on any annual observation date.

If the ETF finishes at or above its initial level, the payout at maturity will be par plus 35.25%. If the ETF falls by up to 75%, investors will receive par. Otherwise, investors will be fully exposed to losses.

Scotia Capital (USA) Inc. is the agent with Wells Fargo Securities, LLC acting as distributor.

Issuer:	Bank of Nova Scotia
Issue:	Market linked securities – autocallable with contingent downside and principal at risk
Underlying ETF:	VanEck Vectors Gold Miners ETF
Amount:	$2,747,000
Maturity:	April 5, 2024
Price:	Par
Payout at maturity:	If the ETF finishes flat or above initial levels, par plus 35.25%; if the ETF falls by up to 25%, par; otherwise, 1% loss per 1% decline
Call:	At par plus 11.75% annualized premium if the ETF closes at or above its initial level on any annual observation date
Initial level:	$31.83
Downside threshold level:	$23.8725; 75% of initial levels
Pricing date:	March 30
Settlement date:	April 5
Agent:	Scotia Capital (USA) Inc. with Wells Fargo Securities, LLC as distributor
Fees:	2.425%
Cusip:	064159U53

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