New Issue: Scotiabank prices $5.23 million capped notes linked to the Dow

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – Bank of Nova Scotia priced $5.23 million of 0% capped notes due Oct. 31, 2025 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus the index return, subject to a maximum payout of par plus 51.7%. Investors will be fully exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped notes
Underlying index:	Dow Jones industrial average
Amount:	$5,226,520
Maturity:	Oct. 31, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any index gain, capped at par plus 51.7%; full exposure to losses
Initial level:	26,659.11
Final level:	Average of index’s closing levels on five trading days ending Oct. 28, 2025
Pricing date:	Oct. 29
Settlement date:	Nov. 5
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06417R310

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