Chicago, April 29 – Bank of Nova Scotia priced $1.63 million of contingent income autocallable securities due Jan. 29, 2026 linked to the worst performing of the Euro Stoxx 50 index and the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a 10% quarterly contingent coupon if both stocks close above 70% of their initial levels on the related determination date.
The notes will be automatically called if both indexes close above their initial levels on any quarterly determination date starting after six months.
At maturity, if the worst performing index closes above 70% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the index.
Scotia Capital (USA) Inc. is the agent and Morgan Stanley Smith Barney LLC is a distributor.
| Issuer: | Bank of Nova Scotia
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Euro Stoxx 50 index and Euro Stoxx Banks index
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| Amount: | $1,625,000
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| Maturity: | Jan. 29, 2026
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| Coupon: | 10% annual rate, payable quarterly if both indexes close above coupon barrier levels
|
| Price: | Par
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| Payout at maturity: | Par if both indexes close above final barrier levels; otherwise, 1% loss for each 1% decline of worst performer from initial level
|
| Call: | Automatically at par if both indexes close above initial levels on any quarterly determination date starting after six months
|
| Initial levels: | 4,635.47 for Stoxx 50, 119.87 for Stoxx Banks
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| Coupon barrier levels: | 3,244.829 for Stoxx 50, 83.909 for Stoxx Banks; 70% of initial levels
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| Final barrier levels: | 3,244.829 for Stoxx 50, 83.909 for Stoxx Banks; 70% of initial levels
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Scotia Capital (USA) Inc.
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| Distributor: | Morgan Stanley Smith Barney LLC
|
| Fees: | 2.25%
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| Cusip: | 06417YH69
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