By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – Bank of Nova Scotia priced $25 million of floating-rate notes due Feb. 6, 2029, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to the two-year U.S. dollar SOFR ICE swap rate plus 91 basis points. Interest will be payable monthly and cannot be less than 0%.
The payout at maturity will be par.
Scotia Capital (USA) Inc. is the agent.
| Issuer: | Bank of Nova Scotia
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| Issue: | Floating-rate notes
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| Amount: | $25 million
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| Maturity: | Feb. 6, 2029
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| Coupon: | Two-year U.S. dollar SOFR ICE swap rate plus 91 bps, subject to a floor of 0%; payable monthly
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| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | Jan. 30
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| Settlement date: | Feb. 6
|
| Agent: | Scotia Capital (USA) Inc.
|
| Fees: | 0.8%
|
| Cusip: | 06417YK32
|
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