New Issue: Scotiabank sells $10.05 million capped notes linked to the Dow

By Marisa Wong

Los Angeles, Aug. 10 – Bank of Nova Scotia priced $10,047,600 of 0% capped notes due July 25, 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 of $10 plus any index gain, capped at par plus 53.1%.

If the index finishes flat or falls by up to 20%, investors will receive par. Investors will be exposed to any losses beyond 20%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped notes
Underlying index:	Dow Jones industrial average
Amount:	$10,047,600
Maturity:	July 25, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any index gain, capped at 53.1%; par if index falls by up to 20%; exposure to any losses beyond 20%
Initial value:	26,313.65
Threshold value:	21,050.92, 80% of initial value
Final value:	Average of index’s closing levels on five trading days ending July 22, 2025
Pricing date:	July 30
Settlement date:	Aug. 6
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06417R534

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