New Issue: Scotia prices $1.21 million capped gears linked to iShares ETF

By Wendy Van Sickle

Columbus, Ohio, April 27 – Bank of Nova Scotia priced $1.21 million of 0% capped gears due June 28, 2024 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum return of par plus 20.25%.

Investors will be exposed to any losses.

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

Issuer:	Bank of Nova Scotia
Issue:	Capped gears
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$1,210,800
Maturity:	June 28, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any ETF gain, capped at par plus 20.25%; 1% loss per 1% decline
Initial level:	$38.19
Pricing date:	April 25
Settlement date:	April 28
Agents:	UBS Financial Services Inc. and Scotia Capital (USA) Inc.
Fees:	2%
Cusip:	06418A779

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