New Issue: Scotia prices $13.49 million Mitts linked to the Dow

By Sarah Lizee

Olympia, Wash., June 5 – Bank of Nova Scotia priced $13.49 million of 0% Market Index Target-Term Securities due May 30, 2025 linked to the Dow Jones industrial average, according to a 424B2 filing 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 return of 47.15%. If the index return is zero or negative, the payout will be par.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Market Index Target-Term Securities
Underlying index:	Dow Jones industrial average
Amount:	$13,490,230
Maturity:	May 30, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus index return, subject to 47.15% maximum return; if index return is zero or negative, par
Initial index level:	25,169.88
Final index level:	Average of index’s closing levels on five trading days ending May 27, 2025
Pricing date:	May 30
Settlement date:	June 6
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	06417P330

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