New Issue: Scotia sells $4 million capped buffer gears linked to S&P 500 Value

Chicago, April 29 – Bank of Nova Scotia priced $4 million of 0% capped buffer gears due March 31, 2025 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.25 times any index gain, capped at par plus 8.25%.

If the index falls by up to 15%, the payout will be par. Investors will lose 1% for every 1% index decline beyond 15%.

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

Issuer:	Bank of Nova Scotia
Issue:	Capped buffer gears
Underlying index:	S&P 500 Value index
Amount:	$4,000,000
Maturity:	March 31, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.25 times any index gain, capped at par plus 8.25%; par if index falls by up to 15%; 1% loss per 1% decline beyond 15%
Initial value:	1,724.374
Buffer level:	1,465.718; 85% of initial level
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agents:	UBS Financial Services Inc. and Scotia Capital (USA) Inc.
Fees:	2%
Cusip:	06418H238

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