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Issuer
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The Bank of Nova Scotia (the “Bank”)
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Market Measures
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The common stock of CrowdStrike Holdings, Inc., the common stock of Datadog, Inc. and the common stock of Snowflake Inc (each referred to as an “Underlying Stock,” and collectively as the
“Underlying Stocks”).
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Pricing Date*
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July 17, 2024
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Issue Date*
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July 22, 2024
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Face Amount (Original
Offering Price)
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$1,000 per security
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Contingent Coupon
Payment (with Memory
Feature):
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On each contingent coupon payment date, you will receive a contingent coupon payment at a per annum rate equal to the contingent coupon rate if, and
only if, the stock closing price of the lowest performing Underlying Stock on the related calculation day is greater than or equal to its coupon threshold price. Each “contingent coupon payment,” if any, will be calculated per
security as follows: ($1,000 × contingent coupon rate) / 4. Any contingent coupon payment will be rounded to the nearest cent, with one-half cent rounded upward. In addition, if the stock closing price of the lowest performing
Underlying Stock on one or more calculation days is less than its coupon threshold price and, on a subsequent calculation day, the stock closing price of the lowest performing Underlying Stock on that subsequent calculation day is
greater than or equal to its coupon threshold price, the securities will pay the contingent coupon payment due for that subsequent calculation day plus all previously unpaid contingent coupon payments (without interest on amounts
previously unpaid).
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Contingent Coupon
Rate
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At least 18.00% per annum, to be determined on the pricing date
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Calculation Days*
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Quarterly, on the 17th day of each January, April, July and October, commencing in October 2024 and
ending in July 2027, each subject to postponement. We refer to the calculation day scheduled to occur in July 2027 (expected to be July 19, 2027) as the “final calculation day.”
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Contingent Coupon
Payment Dates
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Three business days after the applicable calculation day (the contingent coupon payment date with respect to the final calculation day will be the stated maturity date), each subject to
postponement
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Automatic Call
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If the stock closing price of the lowest performing Underlying Stock on any of the calculation days from January 2025 to April 2027, inclusive, is greater than or equal to its starting
price, the securities will be automatically called, and on the related call settlement date you will be entitled to receive a cash payment per security in U.S. dollars equal to the face amount plus a final contingent coupon payment. The
securities will not be subject to automatic call until the second calculation day, which is approximately six months after the issue date.
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Call Settlement Date
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Three business days after the applicable calculation day, subject to postponement
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Maturity Payment
Amount (per Security)
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If the securities are not automatically called prior to the stated maturity date:
• if the ending price of the lowest performing Underlying Stock on the final calculation day is greater than or equal to its
downside threshold price: $1,000; or
• if the ending price of the lowest performing Underlying Stock on the final calculation day is less than its downside threshold
price:
$1,000 × performance factor of the lowest performing Underlying Stock on the final calculation day
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Lowest Performing
Underlying Stock
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For any calculation day, the “lowest performing Underlying Stock” will be the Underlying Stock with the lowest performance factor on that calculation day
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Performance Factor
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With respect to an Underlying Stock on any calculation day, its stock closing price on such calculation day divided by its starting price
(expressed as a percentage)
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Stated Maturity Date*
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July 22, 2027, subject to postponement
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Starting Price
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For each Underlying Stock, its stock closing price on the pricing date
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Ending Price
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For each Underlying Stock, its stock closing price on the final calculation day
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Coupon Threshold
Price
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For each Underlying Stock, 60.00% of its starting price
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Downside Threshold
Price
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For each Underlying Stock, 60.00% of its starting price
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Calculation Agent
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Scotia Capital Inc., an affiliate of the Bank
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Denominations
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$1,000 and any integral multiple of $1,000
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Agents**
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Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC (“WFS”).
WFS will receive a discount of up to 2.575%; dealers, including Wells Fargo Advisors, LLC (“WFA”), may receive a selling concession of up to 1.75%, and WFA may receive a distribution
expense fee of 0.075%.
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CUSIP / ISIN
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06417Y4Q9 / US06417Y4Q98
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Material Canadian and
U.S. Tax Consequences
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See the preliminary pricing supplement.
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