By Wendy Van Sickle
Columbus, Ohio, March 3 – Bank of Nova Scotia priced $19.45 million market index Target-Term Securities due Feb. 24, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 111.26% of any index gain.
Otherwise, investors will have exposure to first 10% of losses with a floor of 90% par.
The ending value is the average of the five consecutive market days ending Feb. 21, 2023.
BofA Securities, Inc. is the agent.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Market index Target-Term securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $19,450,110
|
| Maturity: | Feb. 24, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 111.26% of index return; exposure to first 10% of losses with floor of 90% par
|
| Initial level: | 3,455.92
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 5
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2.25%
|
| Cusip: | 06417Q387
|
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