New Issue: Scotia prices $2.02 million trigger index-linked notes tied to Euro Stoxx

By William Gullotti

Buffalo, N.Y., Feb. 24 – Bank of Nova Scotia priced $2.02 million of 0% trigger index-linked notes due April 30, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout will be par plus 155% of the index return.

If the index finishes flat or falls by up to 30%, the payout will be par plus the absolute value of the return of the index.

Otherwise, investors will be fully exposed to the decline of the index from its initial level.

Scotia Capital (USA) Inc. is the agent and Goldman Sachs & Co. LLC is the dealer.

Issuer:	Bank of Nova Scotia
Issue:	Trigger index-linked notes
Underlying index:	Euro Stoxx 50 index
Amount:	$2,019,000
Maturity:	April 30, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above its initial level, par plus 155% of the index return; if the index finishes flat or falls by up to 30%, par plus the absolute value of the return of the index; otherwise, investors will be fully exposed to the decline of the index from its initial level
Initial index level:	4,013.34
Trigger level:	70% of the initial level
Pricing date:	April 23, 2021
Settlement date:	April 28, 2021
Agents:	Scotia Capital (USA) Inc. is the agent with Goldman Sachs & Co. LLC as dealer
Fees:	3.25%
Cusip:	0641592F2

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