Bank of Nova Scotia is offering $2,860,000 of autocallable notes linked to the Nasdaq-100 Index, with Maturity on September 26, 2030. Investors face the bank’s Credit risk, while an automatic call can return principal plus a $100.00 premium per note if the index reaches the specified threshold.

Key Highlights

  • The offering is for $2,860,000 of notes linked to the Nasdaq-100 Index.
  • The notes are automatically called if the Nasdaq-100 Index reaches at least 105.00% of its initial value on the review date.
  • The notes are unsubordinated and unsecured, and payments are subject to Bank of Nova Scotia’s credit risk.

Bank of Nova Scotia is a Banks - Diversified company. The securities are due September 26, 2030, and payments remain subject to the bank’s credit risk.

Note Structure and Pricing Terms

If the call condition is met, holders receive each note’s principal amount together with a $100.00 call premium, equal to 10.00% of the principal amount. No additional payment is owed on a note after it has been automatically called. The economic terms reflect Bank of Nova Scotia’s internal funding rate, the Underwriting discount and costs connected with selling, structuring and hedging the notes. The original issue price is higher than the notes’ initial estimated value. That pricing approach reduces the notes’ economic terms for investors. The value of the notes can reflect multiple factors and cannot be predicted.