New Issue: Scotia sells $5.16 million contingent market-linked autocalls on three indexes

Chicago, March 28 – Bank of Nova Scotia priced $5.16 million of market-linked securities due April 29, 2025 – autocallable with contingent coupon and contingent downside linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.25% if each index closes at or above its 70% coupon threshold on the observation date for that period.

The notes will be called at par plus the coupon if each index closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par plus the final coupon unless any index finishes below its 70% downside threshold, in which case the payout will be par plus the return of the worst performing index with full exposure to any losses.

Scotia Capital (USA) Inc. is the agent with Wells Fargo Securities, LLC acting as the agent for distribution.

Issuer:	Bank of Nova Scotia
Issue:	Market linked securities – autocallable with contingent coupon and contingent downside
Underlying indexes:	Euro Stoxx 50 index, Russell 2000 index, S&P 500 index
Amount:	$5,164,000
Maturity:	April 29, 2025
Coupon:	6.25% annualized, payable quarterly if each index closes at or above coupon threshold on observation date for that period
Price:	Par
Payout at maturity:	Par plus final coupon unless any index falls by more than downside threshold, in which case 1% loss per 1% decline of worst performing index
Call:	At par plus coupon if each index closes at or above its initial level on any quarterly interest payment date after six months
Initial levels:	3,996.9 for Stoxx, 2,295.456 for Russell, 4,211.47 for S&P
Coupon threshold levels:	2,797.83 for Stoxx, 1,606.8192 for Russell, 2,948.029 for S&P; 70% of initial levels
Downside threshold levels:	2,797.83 for Stoxx, 1,606.8192 for Russell, 2,948.029 for S&P; 70% of initial levels
Pricing date:	April 29, 2021
Settlement date:	May 4, 2021
Agent:	Scotia Capital (USA) Inc. with Wells Fargo Securities, LLC as agent for distribution
Fees:	2.175%
Cusip:	0641592B1

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