New Issue: Scotiabank prices $3.75 million digital notes linked to S&P

By Kiku Steinfeld

Chicago, July 24 – Bank of Nova Scotia priced $3.75 million of 0% digital notes due Sept. 28, 2022 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 or equal to 85% of the initial index level, the payout at maturity will be $1,148 for each $1,000 principal amount of your notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$3,749,000
Maturity:	Sept. 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 85% of initial index level, $1,148 per $1,000 of notes; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	3,226.56
Threshold level:	85% of initial level
Pricing date:	July 15
Settlement date:	July 22
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	064159UY0

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