New Issue: Scotiabank prices $18.83 million digital notes linked to Euro Stoxx Banks

By Wendy Van Sickle

Columbus, Ohio, April 9 – Bank of Nova Scotia priced $18.83 million of 0% digital notes due April 9, 2026 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 85% threshold level, the payout at maturity will be $1,253 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

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

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	Euro Stoxx Banks index
Amount:	$18,825,000
Maturity:	April 9, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above threshold level, $1,253 per $1,000 principal amount; otherwise, 1.1765% loss for each 1% decline beyond 15%
Initial index level:	142.53
Threshold value:	85% of initial level
Pricing date:	April 4
Settlement date:	April 11
Agent:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	1.5%
Cusip:	06417Y2Z1

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