New Issue: Scotiabank prices $2.23 million digital notes linked to S&P 500 index

Chicago, Jan. 23 – Bank of Nova Scotia priced $2.23 million of 0% digital notes due Feb. 12, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 90% threshold level, the payout at maturity will be $1,083.70 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$2,232,000
Maturity:	Feb. 12, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above threshold level, $1,083.70 per $1,000 principal amount; otherwise, 1.1111% loss for each 1% decline beyond 10%
Initial index level:	4,763.54
Buffer level:	90% of initial level
Pricing date:	Jan. 8
Settlement date:	Jan. 16
Agent:	Scotia Capital (USA) Inc.
Fees:	1.09%
Cusip:	06417YYY9

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