New Issue: Scotia prices $45.03 million Accelerated Return Notes on Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., Feb. 1 – Bank of Nova Scotia priced $45.03 million of 0% Accelerated Return Notes due March 31, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 18.63%. Investors will be exposed to any index decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying index:	Euro Stoxx 50 index
Amount:	$45,030,620
Maturity:	March 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, up to a maximum return of 18.63%; investors will be exposed to any index decline
Initial level:	4,184.97
Final level:	Average of index’s closing levels on five trading days ending March 28, 2023
Pricing date:	Jan. 27
Settlement date:	Feb. 3
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	09710F157

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