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The Bank of Nova Scotia U.S.$550,000,000 Floating Rate Senior Medium-Term Notes due 2028, U.S.$1,100,000,000 4.404% Fixed-to-Floating Rate Senior Medium-Term Notes due 2028 and U.S.$650,000,000 4.740%
Fixed-to-Floating Rate Senior Medium-Term Notes due 2032
We have acted as Canadian counsel to The Bank of Nova Scotia (the Bank) in connection with the issue and sale today (the
Offering) by the Bank of U.S.$550,000,000 aggregate principal amount of its Floating Rate Senior Medium-Term Notes due 2028, U.S.$1,100,000,000 aggregate principal amount of its 4.404% Fixed-to-Floating Rate Senior Medium-Term Notes due 2028 and U.S.$650,000,000 aggregate principal amount of its 4.740%
Fixed-to-Floating Rate Senior Medium-Term Notes due 2032 (collectively, the Notes) constituting part of the Senior Medium-Term Notes, Series I of the
Bank, pursuant to the distribution agreement dated December 29, 2021 (the Distribution Agreement) between, among others, the Bank and Scotia Capital (USA) Inc., and the terms agreement dated September 4, 2024 (the
Terms Agreement) between the Bank and the agents named therein. The Notes are issuable under and pursuant to a senior debt indenture dated as of January 22, 2010 (the Base Indenture) among the Bank,
Computershare Trust Company, N.A., as U.S. trustee (the U.S. Trustee), and Computershare Trust Company of Canada, as Canadian trustee (the Canadian Trustee and, together with the U.S. Trustee, the
Trustees) as amended and supplemented by a first supplemental indenture dated as of November 30, 2018 and by a second supplemental indenture dated as of December 27, 2021 (as so amended and supplemented, the
Indenture). We are solicitors qualified to practise law in the
Province of Ontario and we express no opinion as to any laws or any matters governed by any laws other than the laws of the Province of Ontario and the federal laws of Canada applicable therein.
As Canadian counsel to the Bank, we have examined originals or copies, certified or
otherwise authenticated to our satisfaction, of the following:
1. the prospectus of the Bank dated December 29, 2021 included in the Registration Statement (the
Basic Prospectus) as supplemented by the prospectus supplement dated December 29, 2021 specifically relating to the Senior Medium-Term Notes, Series I (the Prospectus Supplement) and the pricing supplement
dated September 4, 2024 (the Pricing Supplement, and together with the Basic Prospectus and the Prospectus Supplement, the Prospectus); |