New Issue: Scotiabank prices $6.84 million notes due 2025 tied to the Dow

By Wendy Van Sickle

Columbus, Ohio, June 2 – Bank of Nova Scotia priced $6.84 million of 0% notes due May 30, 2025 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain up to 56.5%.

If the index declines by up to 20%, the payout will be par.

Investors will lose 1% for each 1% decline beyond 20%.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Notes
Underlying index:	Dow Jones industrial average
Amount:	$6,837,130
Maturity:	May 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain up to 56.5%; if the index declines by up to 20%, par; 1% loss for each 1% decline beyond 20%
Initial level:	25,400.64
Buffer level:	20,320.51, 80% of initial level
Pricing date:	May 28
Settlement date:	June 4
Underwriter:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06417R799

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