New Issue: Scotiabank prices $2.5 million digital notes linked to SPDR S&P Regional Banking ETF

By Wendy Van Sickle

Columbus, Ohio, May 4 – Bank of Nova Scotia priced $2.5 million of 0% digital notes due May 30, 2024 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF finishes at or above its 90% threshold level, the payout at maturity will be $1,207.50 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying ETF:	SPDR S&P Regional Banking ETF
Amount:	$2.5 million
Maturity:	May 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF finishes at or above threshold level, $1,207.50 per $1,000 principal amount; otherwise, 1.1111% loss for each 1% beyond 10%
Initial ETF level:	$40.91
Threshold value:	90% of initial level
Pricing date:	April 27
Settlement date:	May 4
Agent:	Scotia Capital (USA) Inc.
Fees:	1.09%
Cusip:	06417YHP7

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