New Issue: Scotia prices $6.16 million Accelerated Return Notes on Occidental Petroleum

By Wendy Van Sickle

Columbus, Ohio, June 18 – Bank of Nova Scotia priced $6.16 million of 0% Accelerated Return Notes due Aug. 26, 2022 linked to the shares of Occidental Petroleum Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any stock gain, up to a maximum return of 53.55%. Investors will be exposed to any stock decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying stock:	Occidental Petroleum Corp.
Amount:	$6,159,990
Maturity:	Aug. 26, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any stock gain, up to a maximum return of 53.55%; investors will be exposed to any stock decline
Initial level:	$28.59
Final level:	Average of stock’s closing levels on five trading days ending Feb. 21, 2022
Pricing date:	June 10
Settlement date:	June 17
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	06417V220

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