New Issue: Scotiabank prices $515,000 buffered PLUS linked to S&P 500

Chicago, Oct. 16 – Bank of Nova Scotia priced $515,000 of 0% buffered Performance Leveraged Upside Securities due Dec. 15, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, capped at par plus 22.7%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500 index
Amount:	$515,000
Maturity:	Dec. 15, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 22.7%; par if index declines by up to 10%; otherwise, 1% loss per 1% decline beyond 10%
Initial value:	3,919.29
Buffer level:	90% of initial value
Pricing date:	Sept. 30, 2022
Settlement date:	Oct. 3, 2022
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	06417YAW9

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