New York, July 10 – Bank of Nova Scotia priced $13.25 million of contingent income autocallable securities due July 6, 2026 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.4%, paid quarterly, if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date.
The securities will be called automatically if the stock closes at or above its initial level on any quarterly observation date.
At maturity the payout will be par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline of the stock.
Scotia Capital (USA) Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Bank of Nova Scotia
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Nvidia Corp.
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| Amount: | $13.25 million
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| Maturity: | July 6, 2026
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| Coupon: | 14.4%, paid quarterly, if the underlying stock closes at or above its downside threshold on the related quarterly observation date
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| Price: | $1,000 per security
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| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically if stock closes at or above initial level on any quarterly observation date
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| Initial level: | $423.02
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| Downside threshold: | $211.51, 50% of initial level
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | Scotia Capital (USA) Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25% including a structuring fee of 0.5%
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| Cusip: | 06417YKV0
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