New Issue: Scotia prices $100 million floored floaters on two-year SOFR ICE swap

By Marisa Wong

Los Angeles, June 27 – Bank of Nova Scotia priced $100 million of floored floating-rate notes due June 24, 2025, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be equal to the two-year U.S. dollar SOFR ICE swap rate, subject to a floor of 3.62%. Interest will be payable quarterly.

Scotia Capital (USA) Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Floored floating-rate notes
Underlying:	Two-year U.S. dollar SOFR ICE swap rate
Amount:	$100 million
Maturity:	June 24, 2025
Coupon:	Two-year U.S. dollar SOFR ICE swap rate, subject to a floor of 3.62%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	June 22
Settlement date:	June 24
Agent:	Scotia Capital (USA) Inc.
Fees:	0.35%
Cusip:	06416DBJ4

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