New Issue: Scotia prices $12.65 million capped notes linked to Dow

By Wendy Van Sickle

Columbus, Ohio, March 29 – Bank of Nova Scotia priced $12.65 million of 0% capped notes due March 31, 2028 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, up to a maximum return of 71.5%.

Investors will receive par if the index falls by up to 20% and will be exposed to any index decline beyond 20%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped notes
Underlying index:	Dow Jones industrial average
Amount:	$12,652,570
Maturity:	March 31, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any index gain, capped at 71.5%; par if index falls by up to 20%; exposure to any index decline beyond 20%
Initial level:	34,707.94
Threshold value:	27,766.35, 80% of initial value
Pricing date:	March 24
Settlement date:	March 31
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06417X150

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