New Issue: Scotiabank prices $11.25 million digital notes linked to Euro Stoxx Banks index

By Wendy Van Sickle

Columbus, Ohio, June 1 – Bank of Nova Scotia priced $11.25 million of 0% digital notes due June 26, 2024 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 80% threshold level, the payout at maturity will be $1,131 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.

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

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	Euro Stoxx Banks index
Amount:	$10,133,000
Maturity:	June 26, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above threshold level, $1,131 per $1,000 principal amount; otherwise, 1.25% loss for each 1% beyond 20%
Initial index level:	101.87
Threshold value:	80% of initial level
Pricing date:	May 24
Settlement date:	June 1
Agent:	Scotia Capital (USA) Inc. with Goldman Sachs & Co. LLC as dealer
Fees:	1.06%
Cusip:	06417YJK6

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