New Issue: Scotiabank prices $5.49 million PLUS linked an equally weighted stock basket

By William Gullotti

Buffalo, N.Y., May 23 – Bank of Nova Scotia priced $5.49 million of Performance Leveraged Upside Securities due Oct. 31, 2024 linked to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the stocks of Amazon.com, Inc., Charles Schwab Corp., Tesla, Inc. and Uber Technologies, Inc.

The payout at maturity will be par plus 300% of any basket gain, capped at par plus 37.35%.

Investors will be fully exposed to any basket decline.

Scotia Capital (USA) Inc. is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:	Bank of Nova Scotia
Issue:	Performance Leveraged Upside Securities
Underlying basket:	Amazon.com, Inc., Charles Schwab Corp., Tesla, Inc., Uber Technologies, Inc.; equal weights
Amount:	$5,494,000
Maturity:	Oct. 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any basket gain, capped at par plus 37.35%; otherwise, full exposure to decline
Initial levels:	$105.45 for Amazon, $52.24 for Schwab, $164.31 for Tesla, $31.05 for Uber
Pricing date:	April 28
Settlement date:	May 3
Agent:	Scotia Capital (USA) Inc.
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	06417YHA0

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