New Issue: Scotia prices $5.84 million trigger gears linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 27 – Bank of Nova Scotia priced $5.84 million of 0% trigger gears due March 31, 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 of $10 plus 1.255 times any index gain.

If the index finishes flat or falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the index declines below the initial level.

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

Issuer:	Bank of Nova Scotia
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$5,843,170
Maturity:	March 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.255 times any index gain; par if index finishes flat or falls by up to 25%; otherwise, full exposure to any index decline
Initial level:	2,630.07
Downside threshold:	1,972.55, 75% of initial level
Pricing date:	March 26
Settlement date:	March 31
Agents:	UBS Financial Services Inc. and Scotia Capital (USA) Inc.
Fees:	0%
Cusip:	06417Q163

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