Bank of Nova Scotia is offering step-down trigger autocallable notes priced at $10.00 each and linked to the least-performing Russell 2000 Index and S&P 500 Index, with Maturity on or about October 2, 2031. The initial estimated value is $9.442 to $9.742, below the issue price, while Liquidity is limited.

Key Highlights

  • Bank of Nova Scotia’s initial estimated value ranges from $9.442 to $9.742 per principal amount.
  • Scotia Capital (USA) Inc. will purchase the notes at principal amount and sell them to UBS Financial Services Inc. at the stated discount.
  • Bank of Nova Scotia is outlining step-down trigger autocallable notes priced at $10.00 per note.
  • The notes are linked to the least-performing Russell 2000 Index and S&P 500 Index.

BANK OF NOVA SCOTIA is a Banks - Diversified company. It is outlining step-down trigger autocallable notes with an issue price of $10.00 per note, linked to the least-performing Russell 2000 Index and S&P 500 Index. The notes are due on or about October 2, 2031.

That estimate is below the public issue price. The offering table lists an Underwriting discount of $0.10 per note and proceeds to Bank of Nova Scotia of $9.90 per note. Scotia Capital (USA) Inc. an affiliate, is to buy the notes at principal amount before selling them to UBS Financial Services Inc. UBS proposes to offer the securities to the public at the issue price.

Valuation and Secondary-Market Terms

Scotia Capital (USA) Inc. intends to make a market but is not required to do so and can stop market-making without notice. Its pricing models use factors including Bank of Nova Scotia’s internal funding rate, interest rates, volatility, correlation, price sensitivity and time to maturity. The notes’ actual value cannot be predicted with accuracy and may differ materially from values produced by other models or assumptions.