New Issue: Scotia prices $10.73 million Accelerated Return Notes on index basket

Chicago, Aug. 30 – Bank of Nova Scotia priced $10.73 million of 0% Accelerated Return Notes due Oct. 27, 2023 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the FTSE China 50 index with a 5% weight.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payout of par plus 23.25%. Investors will be exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying basket:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and FTSE China 50 index (5% weight)
Amount:	$10,732,250
Maturity:	Oct. 27, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at par plus 23.25%; exposure to any index decline
Initial index levels:	3,674.54 for Stoxx, 7,479.74 for FTSE, 28,479.01 for Nikkei, 11,063.88 for Swiss, 7,048.126 for S&P/ASX, 13,587.38 for FTSE
Final index level:	Average of index’s closing levels on five trading days ending Oct. 24, 2023
Pricing date:	Aug. 25
Settlement date:	Sept. 1
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	06418B520

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