New Issue: Scotiabank prices $430,000 trigger index-linked notes tied to Stoxx

By Kiku Steinfeld

Chicago, Oct. 9 – Bank of Nova Scotia priced $430,000 of 0% trigger index-linked notes due March 29, 2029 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 153% of the index return.

If the index finishes flat or falls by up to 40%, 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:	$430,000
Maturity:	March 29, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above its initial level, par plus 153% of the index return; if the index finishes flat or falls by up to 40%, 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:	4,130.62
Trigger level:	60% of the initial level
Pricing date:	March 24, 2023
Settlement date:	March 29, 2023
Agents:	Scotia Capital (USA) Inc. is the agent with Goldman Sachs & Co. LLC as dealer
Fees:	3.25%
Cusip:	06417YFA2

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