New Issue: Scotiabank prices $5.69 million contingent income autocallables on Nasdaq, Russell, S&P

By William Gullotti

Buffalo, N.Y., March 15 – Bank of Nova Scotia priced $5.69 million of contingent income autocallable securities due March 11, 2027 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will pay a contingent quarterly coupon at an annualized rate of 8.3% if each underlying index closes at or above the 70% downside threshold on the related observation date.

If each underlying index closes at or above its initial level on any quarterly determination date after one year, the securities will be redeemed at par plus the contingent coupon.

If the worst performing index finishes at or above the 70% downside threshold, the payout at maturity will be par plus the final coupon.

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

Scotia Capital (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	Bank of Nova Scotia
Issue:	Contingent income autocallable securities
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$5.69 million
Maturity:	March 11, 2027
Coupon:	8.3% annualized, payable quarterly if each underlying index closes at or above downside threshold on the relevant observation date
Price:	Par
Payout at maturity:	Par plus contingent coupon if each index finishes at or above downside threshold; otherwise, lose 1% for every 1% that the worst performing index declines from initial level
Call:	At par plus contingent coupon if each underlying index closes at or above initial level on any quarterly determination date after one year
Initial levels:	18,017.57 for Nasdaq, 2,068.089 for Russell, 5,104.76 for S&P
Downside thresholds:	12,612.299 for Nasdaq, 1,447.6623 for Russell, 3,573.332 for S&P; 70% of initial levels
Pricing date:	March 6
Settlement date:	March 11
Agent:	Scotia Capital (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:	2.14%
Cusip:	06417YQ77

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