New Issue: Scotiabank prices $1.58 million participation notes on stock basket

By Wendy Van Sickle

Columbus, Ohio, Aug. 28 – Bank of Nova Scotia priced $1.58 million of 0% participation notes due Feb. 20, 2025 linked to an unequally weighted basket of 28 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Apple Inc. (2.86% weight), Applied Materials, Inc. (2.09% weight), Advanced Micro Devices, Inc. (3.07% weight), Amazon.com, Inc. (3.39% weight), Arista Networks, Inc. (3.34% weight), Broadcom Inc. (3.33% weight), Baidu, Inc. (2.3% weight), Cadence Design Systems, Inc. (2.29% weight), Salesforce, Inc. (2.89% weight), CrowdStrike Holdings, Inc. (2.9% weight), Datadog, Inc. (2.88% weight), Alphabet Inc. (10.56% weight), Intel Corp. (2.98% weight), KLA Corp. (2.14% weight), Lam Research Corp. (2.24% weight), Meta Platforms, Inc. (3.98% weight), Marvell Technology, Inc. (3.24% weight), Microsoft Corp. (9.57% weight), Micron Technology, Inc. (2.73% weight), Cloudflare, Inc. (2.5% weight), Nvidia Corp. (9.7% weight), Palo Alto Networks, Inc. (2.9% weight), Super Micro Computer, Inc. (4.02% weight), Snap Inc. (2.04% weight), Snowflake Inc. (2.25% weight), Synopsys, Inc. (2.98% weight), Seagate Technology Holdings plc (1.69% weight) and Taiwan Semiconductor Manufacturing Co. Ltd. (2.51% weight).

A barrier event will occur if on any trading day during the notes’ life the basket closing level is greater than 130% of its initial level. If a barrier event occurs, the payout at maturity will be par plus 5%. If a barrier event has not occurred, the payout will be par plus the basket return (minimum payout of par.

Scotia Capital (USA) Inc. is the agent. Goldman Sachs & Co. LLC is the dealer.

Issuer:	Bank of Nova Scotia
Issue:	Participation basket-linked notes
Underlying stocks:	Apple Inc. (2.86% weight), Applied Materials, Inc. (2.09% weight), Advanced Micro Devices, Inc. (3.07% weight), Amazon.com, Inc. (3.39% weight), Arista Networks, Inc. (3.34% weight), Broadcom Inc. (3.33% weight), Baidu, Inc. (2.3% weight), Cadence Design Systems, Inc. (2.29% weight), Salesforce, Inc. (2.89% weight), CrowdStrike Holdings, Inc. (2.9% weight), Datadog, Inc. (2.88% weight), Alphabet Inc. (10.56% weight), Intel Corp. (2.98% weight), KLA Corp. (2.14% weight), Lam Research Corp. (2.24% weight), Meta Platforms, Inc. (3.98% weight), Marvell Technology, Inc. (3.24% weight), Microsoft Corp. (9.57% weight), Micron Technology, Inc. (2.73% weight), Cloudflare, Inc. (2.5% weight), Nvidia Corp. (9.7% weight), Palo Alto Networks, Inc. (2.9% weight), Super Micro Computer, Inc. (4.02% weight), Snap Inc. (2.04% weight), Snowflake Inc. (2.25% weight), Synopsys, Inc. (2.98% weight), Seagate Technology Holdings plc (1.69% weight) and Taiwan Semiconductor Manufacturing Co. Ltd. (2.51% weight)
Amount:	$1,575,000
Maturity:	Feb. 20, 2025
Coupon:	0%
Price:	Par
Barrier event:	If basket closes at or above 130% of initial level during life of notes
Payout at maturity:	If barrier event has occurred, par plus 5%; otherwise, par plus basket return with minimum of par
Initial share prices:	$174.49 for Apple, $142.66 for Applied Materials, $105.45 for Advanced Micro Devices, $133.22 for Amazon, $180.54 for Arista, $825.84 for Broadcom, $125.16 for Baidu, $220.55 for Cadence, $204.83 for Salesforce, $146.80 for CrowdStrike, $93.63 for Datadog, $127.46 for Alphabet, $32.75 for Intel, $477.96 for KLA, $652.94 for Lam, $283.25 for Meta, $57.59 for Marvell, $316.48 for Microsoft, $63.59 for Micron, $58.98 for Cloudflare, $432.99 for Nvidia, $209.69 for Palo Alto, $243.55 for Super Micro Computer, $9.18 for Snap, $147.63 for Snowflake, $426.02 for Synopsys, $64.35 for Seagate and $91.10 for Taiwan Semiconductor
Pricing date:	Aug. 18
Settlement date:	Aug. 25
Agent:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	1.13%
Cusip:	06417YSW0

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