New Issue: Scotiabank sells $3.5 million capped notes on Vanguard FTSE Pacific ETF

By Marisa Wong

Los Angeles, April 8 – Bank of Nova Scotia priced $3.5 million of 0% capped notes due April 26, 2024 linked to the Vanguard FTSE Pacific exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 200% of the ETF return, subject to a maximum payout of par plus 81.12%. Investors will be fully exposed to any ETF decline.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped notes
Underlying ETF:	Vanguard FTSE Pacific ETF
Amount:	$3.5 million
Maturity:	April 26, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any ETF gain, capped at par plus 81.12%; full exposure to losses
Initial value:	$83.37
Final level:	Average of ETF’s closing prices on five trading days ending April 23, 2024
Pricing date:	April 5
Settlement date:	April 12
Agent:	BofA Securities, Inc.
Fees:	0.6%
Cusip:	06417V386

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