New Issue: Scotia sells $520,000 market-linked autocalls with buffered downside on PayPal

Chicago, Sept. 21 – Bank of Nova Scotia priced $520,000 of 0% market-linked autocallable securities with fixed percentage buffered downside due Sept. 22, 2025 linked to the common stock of PayPal Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 17.5% per year if the stock closes at or above the initial stock level on any semiannual call observation date starting after one year.

The payout at maturity will be par unless the stock falls by more than 15% in which case investors will be exposed to losses beyond the 15% buffer.

Scotia Capital Inc. (USA) is the agent and Wells Fargo Securities, LLC is the dealer.

Issuer:	Bank of Nova Scotia
Issue:	Market-linked autocallable securities with fixed-percentage buffered downside
Underlying stock:	PayPal Holdings, Inc.
Amount:	$520,000
Maturity:	Sept. 22, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless stock falls by more than 15% in which case exposure to losses beyond 15%
Call:	Automatically at par plus 17.5% per year call premium if the stock closes at or above the initial level on any semiannual call observation date starting after one year
Initial level:	$95.03
Threshold level:	$80.7755, 85% of initial level
Pricing date:	Sept. 19, 2022
Settlement date:	Sept. 22, 2022
Underwriter:	Scotia Capital (USA) Inc.
Dealer:	Wells Fargo Securities, LLC
Fees:	2.725%
Cusip:	06416DCB0

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