By Wendy Van Sickle
Columbus, Ohio, Feb. 10 – Bank of Nova Scotia priced $22 million of 0% capped buffered index-linked notes due June 17, 2027 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 141% of the initial index level, the payout at maturity will be 44.625% plus (ii) the product of (a) 3.2063 times (b) the index return minus 41%, subject to the maximum payment amount of $1,831.006 for each $1,000 principal amount.
If the final index level is between 91% and 141% of the initial index level, the payout will be par plus the product of 0.8925 times the sum of the index return plus 9%.
Investors will lose 1% per 1% drop beyond the 9% buffer.
Scotia Capital (USA) Inc. is the agent. Goldman Sachs & Co. LLC is the dealer.
| Issuer: | Bank of Nova Scotia
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| Issue: | Capped buffered index-linked notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $22 million
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| Maturity: | June 17, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is at least 141% of initial level, 44.625% plus (ii) product of (a) 3.2063 times (b) index return minus 41%, subject to maximum payment of $1,831.006 for each $1,000 principal amount; if final index level is between 91% and 141% of initial index level, par plus product of 0.8925 times sum of index return plus 9%; 1% loss per 1% drop beyond 9% buffer
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| Initial level: | Average of closing levels from Feb. 3 through Feb. 15
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| Final level: | Average of closing levels from March 16, 2027 through June 14, 2027
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 14
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| Agent: | Scotia Capital (USA) Inc.
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| Dealer: | Goldman Sachs & Co. LLC
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| Fees: | 0.4%
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| Cusip: | 0641597V2
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