New Issue: Scotia prices $2.04 million capped gears linked to weighted index basket

By William Gullotti

Buffalo, N.Y., Oct. 31 – Bank of Nova Scotia priced $2.04 million of 0% capped gears due Dec. 31, 2024 linked to a weighted basket of equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of par plus 24.3%.

Investors will be fully exposed to any basket decline.

UBS Financial Services Inc. and Scotia Capital (USA) Inc. are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Capped gears
Underlying indexes:	Euro Stoxx 50 (40% weight), Nikkei 225 (25% weight), FTSE 100 (17.5% weight), Swiss Market (10% weight), S&P/ASX 200 (7.5% weight)
Amount:	$2,036,400
Maturity:	Dec. 31, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any basket gain, capped at par plus 24.3%; otherwise, 1% loss per 1% decline from initial level
Initial index levels:	4,014.36 for Euro Stoxx 50, 30,991.69 for Nikkei 225, 7,291.28 for FTSE 100, 10,323.71 for Swiss Market, 6,826.859 for S&P/ASX 200
Pricing date:	Oct. 27
Settlement date:	Oct. 31
Agents:	UBS Financial Services Inc. and Scotia Capital (USA) Inc.
Fees:	2%
Cusip:	06418E581

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