New Issue: Scotia sells $17.53 million contingent buffer digital notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 5 – Bank of Nova Scotia priced $17.53 million of 0% contingent buffer digital notes due Sept. 30, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the buffer level, 80% of the initial index level, the payout at maturity will be par plus 12.26%.

If the final index level is less than the buffer level, investors will lose 1.25% for every 1% that the index declines beyond 20% of the initial index level.

Scotia Capital (USA) Inc. is the agent with J.P. Morgan Securities LLC acting as the placement agents.

Issuer:	Bank of Nova Scotia
Issue:	Contingent buffer digital notes
Underlying index:	S&P 500
Amount:	$17,496,000
Maturity:	Sept. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is greater than or equal to buffer level, par plus 12.26%; if final index level is less than buffer value, 1.25% loss for every 1% that index declines beyond 20%
Initial level:	3,971.27
Buffer level:	3,177.02, or 80% of initial level
Pricing date:	March 28
Settlement date:	March 31
Agents:	Scotia Capital (USA) Inc. with J.P. Morgan Securities LLC as placement agent
Fees:	1.25%
Cusip:	06417YET2

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