New Issue: Scotia prices $1.43 million Accelerated Return Notes on Vanguard Small-Cap Value ETF

By William Gullotti

Buffalo, N.Y., April 4 – Bank of Nova Scotia priced $1.43 million of 0% Accelerated Return Notes due May 31, 2024 linked to the Vanguard Small-Cap Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum return of 17.4%. Investors will be exposed to any ETF decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying fund:	Vanguard Small-Cap Value ETF
Amount:	$1,425,330
Maturity:	May 31, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any ETF gain, up to a maximum return of 17.4%; investors will be exposed to any ETF decline
Initial level:	$156.17
Pricing date:	March 30
Settlement date:	April 6
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	06418G875

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