New Issue: Scotia sells $4.16 million capped buffered enhanced participation notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 29 – Bank of Nova Scotia priced $4.16 million of 0% capped buffered enhanced participation notes due Feb. 26, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,260 per $1,000 principal amount of notes.

Investors will receive par if the index finishes flat or falls by up to 17.5% and will lose 1.2121% for each 1% index decline beyond 17.5%.

Scotia Capital (USA) Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying index:	S&P 500
Amount:	$4,162,000
Maturity:	Feb. 26, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, up to maximum payout of $1,260 per $1,000 principal amount of notes; par if index finishes flat or falls by up to 17.5%; 1.2121% loss for each 1% index decline beyond 17.5%
Initial index level:	3,936.97
Buffer level:	82.5% of initial level
Pricing date:	March 22
Settlement date:	March 29
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	06417YFQ7

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