New Issue: Scotia prices $9.49 million capped gears linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, April 2 – Bank of Nova Scotia priced $9.49 million of 0% capped gears due May 30, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 20%.

Investors will be exposed to any index decline.

Scotia Capital (USA) Inc. and UBS Financial Services Inc. are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Capped gears
Underlying index:	Russell 2000 index
Amount:	$9,491,700
Maturity:	May 30, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any index gain, capped at par plus 20%; otherwise, 1% loss per 1% index decline
Initial level:	2,074.163
Pricing date:	March 25
Settlement date:	March 28
Agents:	Scotia Capital (USA) Inc. and UBS Financial Services Inc.
Fees:	2%
Cusip:	06418H568

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