Chicago, Oct. 23 – Bank of Nova Scotia priced $2.43 million of market-linked securities – autocallable with contingent coupon and contingent downside due Oct. 22, 2026 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a 15.5% quarterly contingent coupon if the stock closes above its 50% coupon barrier on the related observation date.
The notes will be automatically called at par if the stock closes above its initial level on any quarterly valuation date starting after six months.
The payout at maturity will be par unless the stock falls by more than 50% in which case investors will be exposed to losses from the initial level.
Scotia Capital Inc. (USA) is the agent and Wells Fargo Securities, LLC is the dealer.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
|
| Underlying stock: | Tesla, Inc.
|
| Amount: | $2,433,000
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| Maturity: | Oct. 22, 2026
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| Coupon: | 15.5% annual rate, payable quarterly if stock closes above coupon barrier on related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par unless stock falls by more than threshold level in which case full exposure to losses
|
| Call: | Automatically at par if stock closes above initial level on any quarterly valuation date starting after six months
|
| Initial level: | $242.68
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| Coupon barrier level: | $121.34, 50% of initial level
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| Threshold level: | $121.34, 50% of initial level
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| Pricing date: | Oct. 18
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| Settlement date: | Oct. 23
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| Underwriter: | Scotia Capital (USA) Inc.
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| Dealer: | Wells Fargo Securities, LLC
|
| Fees: | 2.325%
|
| Cusip: | 06417YVK2
|
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