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Name | Symbol | Market | Type |
---|---|---|---|
Bank Nova Scotia Halifax (PK) | USOTC:BNSPF | OTCMarkets | Preference Share |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.71 | 18.59 | 37.74 | 0.00 | 01:00:00 |
Pricing Supplement dated June 28, 2024
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-261476
(To Product Supplement No. WF-1 dated August 29, 2022,
Underlier Supplement dated December 29, 2021,
Prospectus Supplement dated December 29, 2021
and Prospectus dated December 29, 2021)
|
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The Bank of Nova Scotia
Senior Note Program, Series A
ETF Linked Securities
|
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the Technology Select Sector SPDR® Fund and
the Health Care Select Sector SPDR® Fund due June 29, 2027
|
|
■
Linked to the lowest performing of the Energy Select Sector SPDR® Fund, the Technology Select Sector SPDR®
Fund and the Health Care Select Sector SPDR® Fund (each referred to as a “Fund”)
■
Unlike ordinary debt securities, the securities do not provide for fixed payments of interest, do not repay a fixed amount of principal at stated maturity and are subject to
potential automatic call prior to stated maturity upon the terms described below. Whether the securities pay a contingent coupon, whether the securities are automatically called prior to stated maturity and, if they are not automatically
called, whether you receive the face amount of your securities at stated maturity will depend, in each case, on the fund closing price of the lowest performing Fund on the relevant calculation day. The lowest performing Fund on any
calculation day is the Fund that has the lowest fund closing price on that calculation day as a percentage of its starting price
■
Contingent Coupon. The securities will pay a contingent coupon on a quarterly basis until the earlier of stated maturity or
automatic call if, and only if, the fund closing price of the lowest performing Fund on the calculation day for that quarter is greater than or equal to its coupon threshold price. However, if the
fund closing price of the lowest performing Fund on a calculation day is less than its coupon threshold price, you will not receive any contingent coupon for the relevant quarter. If the fund closing price of the lowest performing Fund is
less than its coupon threshold price on every calculation day, you will not receive any contingent coupons throughout the entire term of the securities. The coupon threshold price for each Fund is equal to 70% of its starting price. The
contingent coupon rate is 10.00% per annum
■ Automatic Call. If the fund closing price of the lowest performing Fund on any of the quarterly
calculation days from December 2024 to March 2027, inclusive, is greater than or equal to its starting price, the securities will be automatically called for the face amount plus a final contingent coupon payment
■
Potential Loss of Principal. If the securities are not automatically called prior to stated maturity, you will receive the face amount
at stated maturity if, and only if, the fund closing price of the lowest performing Fund on the final calculation day is greater than or equal to its downside threshold price. If the fund closing
price of the lowest performing Fund on the final calculation day is less than its downside threshold price, you will lose more than 30%, and possibly all, of the face amount of your securities. The downside threshold price for each Fund is equal to 70% of its starting price
■
If the securities are not automatically called prior to stated maturity, you will have full downside exposure to the lowest performing Fund from its starting price if its
fund closing price on the final calculation day is less than its downside threshold price, but you will not participate in any appreciation of any Fund and will not receive any dividends on securities included in any Fund
■
Your return on the securities will depend solely on the performance of the Fund that is the lowest performing Fund on each calculation
day. You will not benefit in any way from the performance of the better performing Funds. Therefore, you will be adversely affected if any Fund performs poorly, even if the other Funds perform
favorably
■
All payments on the securities are subject to the credit risk of The Bank of Nova Scotia (the “Bank”)
■
No exchange listing; designed to be held to maturity
|
Original Offering Price
|
Agent Discount(1)
|
Proceeds to The Bank of Nova Scotia(2)
|
|
Per Security
|
$1,000.00
|
$23.25
|
$976.75
|
Total
|
$7,678,000.00
|
$178,513.50
|
$7,499,486.50
|
(1) |
Scotia Capital (USA) Inc. or one of our affiliates has agreed to purchase the aggregate face amount of the securities and as part of the distribution, has agreed to sell the securities to WFS at a discount of
$25.75 (2.575%) per security. WFS will provide selected dealers, which may include Wells Fargo Advisors (“WFA”, the trade name of the retail brokerage business of Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial
Network, LLC), with a selling concession of $17.50 (1.75%) per security, and WFA will receive a distribution expense fee of $0.75 (0.075%) per security for securities sold by WFA. In respect of certain securities sold in this offering, we
will pay a fee of up to $2.00 per security to selected securities dealers in consideration for marketing and other services in connection with the distribution of the securities to other securities dealers. See “Terms of the
Securities—Agents” herein and “Supplemental Plan of Distribution (Conflicts of Interest)” in the accompanying product supplement for additional information.
|
(2) |
Excludes any profits from hedging. For additional considerations relating to hedging activities see “Selected Risk Considerations — Risks Relating To The Estimated Value Of The Securities And Any Secondary Market
— The Inclusion of Dealer Spread and Projected Profit from Hedging in the Original Offering Price is Likely to Adversely Affect Secondary Market Prices” in this pricing supplement.
|
Scotia Capital (USA) Inc.
|
Wells Fargo Securities
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
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Terms of the Securities
|
Issuer:
|
The Bank of Nova Scotia (the “Bank”).
|
||
Market Measures:
|
The Energy Select Sector SPDR® Fund, the Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund (each referred to as a “Fund,” and
collectively as the “Funds”).
|
||
Fund Underlying
Indices
|
With respect to the Energy Select Sector SPDR® Fund: the Energy Select Sector Index
With respect to the Technology Select Sector SPDR® Fund: the Technology Select Sector Index
With respect to the Health Care Select Sector SPDR® Fund: the Health Care Sector Index
|
||
Pricing Date:
|
June 28, 2024.
|
||
Issue Date:
|
July 3, 2024. We expect that delivery of the securities will be made against payment for the securities on the issue date, which is more than one business day following the pricing date. Notwithstanding
anything to the contrary in the accompanying product supplement, under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties
to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the securities on any date prior to one business day before delivery will be required to specify alternative settlement arrangements to prevent a failed
settlement.
|
||
Original Offering
Price:
|
$1,000 per security.
|
||
Face Amount:
|
$1,000 per security. References in this pricing supplement to a “security” are to a security with a face amount of $1,000.
|
||
Contingent Coupon
Payment:
|
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 fund
closing price of the lowest performing Fund 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.
If the fund closing price of the lowest performing Fund on any calculation day is less than its coupon threshold price, you will not receive any contingent coupon payment on the related
contingent coupon payment date. If the fund closing price of the lowest performing Fund is less than its coupon threshold price on all calculation days, you will not receive any contingent coupon payments over the term of the securities.
|
||
Contingent Coupon
Payment Dates:
|
Quarterly, on the third business day following each calculation day (as each such calculation day may be postponed pursuant to “—Market Disruption Events and Postponement Provisions” below, if applicable); provided that the contingent coupon payment date with respect to the final calculation day will be the stated maturity date.
|
||
Contingent Coupon
Rate:
|
The “contingent coupon rate” is 10.00% per annum.
|
||
Automatic Call:
|
If the fund closing price of the lowest performing Fund on any of the calculation days from December 2024 to March 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.
If the securities are automatically called, they will cease to be outstanding on the related call settlement date and you will have no further rights under the securities after such call settlement date. You
will not receive any notice from us if the securities are automatically called.
|
||
Calculation Days:
|
Quarterly, on the 24th day of each March, June, September and December, commencing September 2024 and ending in June 2027, each subject to postponement as described below under “—Market Disruption
Events and Postponement Provisions.” We refer to the calculation day scheduled to occur in June 2027 (June 24, 2027) as the “final calculation day.”
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
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Call Settlement Date:
|
Three business days after the applicable calculation day (as each such calculation day may be postponed pursuant to “—Market Disruption Events and Postponement Provisions” below, if applicable).
|
||
Stated Maturity Date:
|
June 29, 2027, subject to postponement. The securities are not subject to repayment at the option of any holder of the securities prior to the stated maturity date.
|
||
Maturity Payment
Amount:
|
If the securities are not automatically called prior to the stated maturity date, you will be entitled to receive on the stated maturity date a cash payment per security in U.S. dollars equal to the maturity
payment amount (in addition to the final contingent coupon payment, if any). The “maturity payment amount” per security will equal:
• if the ending price of the lowest performing Fund 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 Fund on the final calculation day is less than its downside threshold price:
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$1,000 × performance factor of the lowest performing Fund on the final calculation day
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|||
If the securities are not automatically called prior to stated maturity and the ending price of the lowest performing Fund on the final calculation day
is less than its downside threshold price, you will lose more than 30%, and possibly all, of the face amount of your securities at stated maturity.
Any return on the securities will be limited to the sum of your contingent coupon payments, if any. You will not participate in any appreciation of any Fund, but you will have full
downside exposure to the lowest performing Fund on the final calculation day if the ending price of that Fund is less than its downside threshold price.
|
|||
Lowest Performing
Fund:
|
For any calculation day, the “lowest performing Fund” will be the Fund with the lowest performance factor on that calculation day.
|
||
Performance Factor:
|
With respect to a Fund on any calculation day, its fund closing price on such calculation day divided by its starting price (expressed as a percentage).
|
||
Fund Closing Price:
|
With respect to each Fund, fund closing price has the meaning set forth under “General Terms of the Securities—Certain Terms for Securities Linked to a Fund—Certain Definitions” in the accompanying product
supplement.
|
||
Starting Price:
|
With respect to the Energy Select Sector SPDR® Fund: $91.15.
With respect to the Technology Select Sector SPDR® Fund: $226.23.
With respect to the Health Care Select Sector SPDR® Fund: $145.75.
|
||
Ending Price:
|
The “ending price” of a Fund will be its fund closing price on the final calculation day.
|
||
Coupon Threshold
Price:
|
With respect to the Energy Select Sector SPDR® Fund: $63.805, which is equal to 70% of its starting price.
With respect to the Technology Select Sector SPDR® Fund: $158.361, which is equal to 70% of its starting price.
With respect to the Health Care Select Sector SPDR® Fund: $102.025, which is equal to 70% of its starting price.
|
||
Downside Threshold
Price:
|
With respect to the Energy Select Sector SPDR® Fund: $63.805, which is equal to 70% of its starting price.
With respect to the Technology Select Sector SPDR® Fund: $158.361, which is equal to 70% of its starting price.
With respect to the Health Care Select Sector SPDR® Fund: $102.025, which is equal to 70% of its starting price.
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
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Market Disruption
Events and
Postponement
Provisions:
|
Each calculation day is subject to postponement due to non-trading days and the occurrence of a market disruption event. In addition, the stated maturity date will be postponed if the final calculation day is
postponed and will be adjusted for non-business days. For more information regarding adjustments to the calculation days and the stated maturity date, see “General Terms of the Securities—Consequences of a Market Disruption Event;
Postponement of a Calculation Day—Securities Linked to Multiple Market Measures” and “—Payment Dates” in the accompanying product supplement. For purposes of the accompanying product supplement, each call settlement date and the stated
maturity date is a “payment date.” In addition, for information regarding the circumstances that may result in a market disruption event, see “General Terms of the Securities—Certain Terms for Securities Linked to a Fund—Market Disruption
Events” in the accompanying product supplement.
|
||
Calculation Agent:
|
Scotia Capital Inc., an affiliate of the Bank
|
||
Material Tax
Consequences:
|
For a discussion of Canadian income tax considerations to a holder of owning the securities, see “Canadian Income Tax Consequences” herein. For a discussion of United States federal income tax considerations
to a holder's ownership and disposition of the securities, see “U.S. Federal Income Tax Consequences” herein.
|
||
Tax
Redemption:
|
The Bank (or its successor) may redeem the securities, in whole but not in part, at a redemption price determined by the Calculation Agent in a manner reasonably calculated to preserve your and our relative
economic position, if it is determined that changes in tax laws of Canada (or the jurisdiction of organization of the successor to the Bank) or of any political subdivision or taxing authority thereof or therein affecting taxation or their
interpretation will result in the Bank (or its successor) becoming obligated to pay additional amounts with respect to the securities. See “Tax Redemption” in the accompanying product supplement.
|
||
Agents:
|
Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC.
Scotia Capital (USA) Inc. or one of our affiliates has agreed to purchase the aggregate face amount of the securities and as part of the distribution, has agreed to sell
the securities to WFS at a discount of $25.75 (2.575%) per security. WFS will provide selected dealers, which may include WFA, with a selling concession of $17.50 (1.75%) per security, and WFA will receive a distribution expense fee of
$0.75 (0.075%) per security for securities sold by WFA.
In addition, in respect of certain securities sold in this offering, we will pay a fee of up to $2.00 per security to selected securities dealers in consideration for marketing and other
services in connection with the distribution of the securities to other securities dealers.
See also “Supplemental Plan of Distribution (Conflicts of Interest)” in the accompanying product supplement.
The price at which you purchase the securities includes costs that the Bank, the Agents or their respective affiliates expect to incur and profits that the Bank, the
Agents or their respective affiliates expect to realize in connection with hedging activities related to the securities, as set forth above. These costs and profits will likely reduce the secondary market price, if any secondary market
develops, for the securities. As a result, you may experience an immediate and substantial decline in the market value of your securities on the pricing date. See “Selected Risk Considerations — Risks Relating To The Estimated Value Of The
Securities And Any Secondary Market — The Inclusion of Dealer Spread and Projected Profit from Hedging in the Original Offering Price is Likely to Adversely Affect Secondary Market Prices” in this pricing supplement.
|
||
Status:
|
The securities will constitute direct, senior, unsubordinated and unsecured obligations of the Bank ranking pari passu with all other direct, senior, unsecured and
unsubordinated indebtedness of the Bank from time to time outstanding (except as otherwise prescribed by law). Holders will not have the benefit of any insurance under the provisions of the CDIC Act, the U.S. Federal Deposit Insurance Act
or under any other deposit insurance regime.
|
||
Listing:
|
The securities will not be listed on any securities exchange or automated quotation system
|
||
Use of Proceeds:
|
General corporate purposes
|
||
Clearance and
Settlement:
|
The Depository Trust Company
|
||
Canadian
Bail-in:
|
The securities are not bail-inable debt securities under the CDIC Act
|
||
Denominations:
|
$1,000 and any integral multiple of $1,000.
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
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CUSIP / ISIN:
|
06417YY86 / US06417YY869
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
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Additional Information about the Issuer and the Securities
|
• |
Product Supplement No. WF-1 dated August 29, 2022:
|
• |
Underlier Supplement dated December 29, 2021:
|
• |
Prospectus Supplement dated December 29, 2021:
|
• |
Prospectus dated December 29, 2021:
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
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Estimated Value of the Securities
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
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Investor Considerations
|
◾ |
seek an investment with contingent coupon payments at a rate of 10.00% per annum until the earlier of stated maturity or automatic call, if, and only if, the fund closing price of the lowest
performing Fund on the applicable calculation day is greater than or equal to 70% of its starting price;
|
◾ |
understand that if the ending price of the lowest performing Fund on the final calculation day has declined by more than 30% from its starting price, they will be fully exposed to the decline in the lowest performing Fund from its
starting price and will lose more than 30%, and possibly all, of the face amount at stated maturity;
|
◾ |
are willing to accept the risk that they may receive few or no contingent coupon payments over the term of the securities;
|
◾ |
understand that the securities may be automatically called prior to stated maturity and that the term of the securities may be as short as approximately six months;
|
◾ |
understand that the return on the securities will depend solely on the performance of the Fund that is the lowest performing Fund on each calculation day and that they will not benefit in any way from the performance of the better
performing Funds;
|
◾ |
understand that the securities are riskier than alternative investments linked to only one of the Funds or linked to a basket composed of each Fund;
|
◾ |
understand and are willing to accept the full downside risks of each Fund;
|
◾ |
are willing to forgo participation in any appreciation of any Fund and dividends on the shares of any Fund and the securities held by any Fund; and
|
◾ |
are willing to hold the securities until maturity.
|
◾ |
seek a liquid investment or are unable or unwilling to hold the securities to maturity;
|
◾ |
require full payment of the face amount of the securities at stated maturity;
|
◾ |
seek a security with a fixed term;
|
◾ |
are unwilling to purchase securities with an estimated value as of the pricing date that is lower than the original offering price;
|
◾ |
are unwilling to accept the risk that the fund closing price of the lowest performing Fund on the final calculation day may decline by more than 30% from its starting price;
|
◾ |
seek certainty of current income over the term of the securities;
|
◾ |
seek exposure to the upside performance of any or each Fund;
|
◾ |
seek exposure to a basket composed of each Fund or a similar investment in which the overall return is based on a blend of the performances of the Funds, rather than solely on the lowest performing Fund;
|
◾ |
are unwilling to accept the risk of exposure to the Funds;
|
◾ |
are unwilling to accept the credit risk of the Bank; or
|
◾ |
prefer the lower risk of conventional fixed income investments with comparable maturities issued by companies with comparable credit ratings.
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
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Determining Payment On A Contingent Coupon Payment Date and at Maturity
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
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Hypothetical Payout Profile
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
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Selected Risk Considerations
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
![]() |
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
![]() |
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
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• |
Investing In The Securities Is Not The Same As Investing In The Funds. Investing in the securities is not equivalent to investing in the Funds. As an investor in the securities, your return will
not reflect the return you would realize if you actually owned and held the securities held by the Fund for a period similar to the term of the securities because you will not receive any dividend payments, distributions or any other
payments paid on the Funds or those securities. As a holder of the securities, you will not have any voting rights or any other rights that holders of the Funds or the securities held by the Fund would have.
|
• |
Historical Values Of A Market Measure Should Not Be Taken As An Indication Of The Future Performance Of Such Market Measure During The Term Of The Securities.
|
• |
Changes That Affect A Fund Or Its Fund Underlying Index May Adversely Affect The Value Of The Securities And Any Payments On The Securities.
|
• |
We, The Agents And Our Respective Affiliates Cannot Control Actions By Any Of The Unaffiliated Companies Whose Securities Are Included In A Fund Or Its Fund Underlying Index.
|
• |
We, The Agents And Our Respective Affiliates Have No Affiliation With Any Fund Sponsor Or Fund Underlying Index Sponsor And Have Not Independently Verified Their Public Disclosure Of Information.
|
• |
An Investment Linked To The Shares Of A Fund Is Different From An Investment Linked To Its Fund Underlying Index.
|
• |
There Are Management And Liquidity Risks Associated With A Fund.
|
• |
Anti-dilution Adjustments Relating To The Shares Of A Fund Do Not Address Every Event That Could Affect Such Shares.
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
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• |
Hedging Activities By The Bank And/Or The Agents May Negatively Impact Investors In The Securities And Cause Our Respective Interests And Those Of Our Clients And Counterparties To Be Contrary To Those Of
Investors In The Securities.
|
• |
Market Activities By The Bank Or The Agents For Their Own Respective Accounts Or For Their Respective Clients Could Negatively Impact Investors In The Securities.
|
• |
The Bank, The Agents And Their Respective Affiliates Regularly Provide Services To, Or Otherwise Have Business Relationships With, A Broad Client Base, Which Has Included And May Include Issuers Of An
Underlying Stock, The Sponsor Or Investment Advisor For A Fund And/Or The Issuers Of Securities Included In An Index Or Held By A Fund.
|
• |
Other Investors In The Securities May Not Have The Same Interests As You.
|
• |
There Are Potential Conflicts Of Interest Between You And The Calculation Agent.
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
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Hypothetical Returns
|
Hypothetical performance factor of
lowest performing Fund on final
calculation day
|
Hypothetical maturity payment amount
per security
|
175.00%
|
$1,000.00
|
160.00%
|
$1,000.00
|
150.00%
|
$1,000.00
|
140.00%
|
$1,000.00
|
130.00%
|
$1,000.00
|
120.00%
|
$1,000.00
|
110.00%
|
$1,000.00
|
100.00%
|
$1,000.00
|
90.00%
|
$1,000.00
|
80.00%
|
$1,000.00
|
70.00%
|
$1,000.00
|
69.00%
|
$690.00
|
60.00%
|
$600.00
|
50.00%
|
$500.00
|
40.00%
|
$400.00
|
30.00%
|
$300.00
|
25.00%
|
$250.00
|
0.00%
|
$0.00
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
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Hypothetical Contingent Coupon Payments
|
Energy Select
Sector SPDR®
Fund
|
Technology
Select
Sector
SPDR® Fund
|
Health Care
Select
Sector
SPDR® Fund
|
||
Hypothetical starting price:
|
$100.00
|
$100.00
|
$100.00
|
|
Hypothetical fund closing price on relevant calculation day:
|
$90.00
|
$70.00
|
$80.00
|
|
Hypothetical coupon threshold price:
|
$70.00
|
$70.00
|
$70.00
|
|
Performance factor (fund closing price on calculation day divided by starting price):
|
90.00%
|
70.00%
|
80.00%
|
Energy
Select Sector
SPDR® Fund
|
Technology
Select
Sector
SPDR® Fund
|
Health Care
Select
Sector
SPDR® Fund
|
||
Hypothetical starting price:
|
$100.00
|
$100.00
|
$100.00
|
|
Hypothetical fund closing price on relevant calculation day:
|
$69.00
|
$105.00
|
$110.00
|
|
Hypothetical coupon threshold price:
|
$70.00
|
$70.00
|
$70.00
|
|
Performance factor (fund closing price on calculation day divided by starting price):
|
69.00%
|
105.00%
|
110.00%
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
![]() |
Energy Select
Sector SPDR®
Fund
|
Technology
Select
Sector
SPDR® Fund
|
Health Care
Select
Sector
SPDR® Fund
|
||
Hypothetical starting price:
|
$100.00
|
$100.00
|
$100.00
|
|
Hypothetical fund closing price on relevant calculation day:
|
$105.00
|
$130.00
|
$120.00
|
|
Hypothetical coupon threshold price:
|
$70.00
|
$70.00
|
$70.00
|
|
Performance factor (fund closing price on calculation day divided by starting price):
|
105.00%
|
130.00%
|
120.00%
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
![]() |
Hypothetical Payment at Stated Maturity
|
Energy Select
Sector SPDR®
Fund
|
Technology
Select
Sector
SPDR® Fund
|
Health Care
Select
Sector
SPDR® Fund
|
||
Hypothetical starting price:
|
$100.00
|
$100.00
|
$100.00
|
|
Hypothetical ending price:
|
$145.00
|
$125.00
|
$120.00
|
|
Hypothetical coupon threshold price:
|
$70.00
|
$70.00
|
$70.00
|
|
Hypothetical downside threshold price:
|
$70.00
|
$70.00
|
$70.00
|
|
Performance factor (ending price divided by starting price):
|
145.00%
|
125.00%
|
120.00%
|
Energy Select
Sector SPDR®
Fund
|
Technology
Select
Sector
SPDR® Fund
|
Health Care
Select
Sector
SPDR® Fund
|
||
Hypothetical starting price:
|
$100.00
|
$100.00
|
$100.00
|
|
Hypothetical ending price:
|
$80.00
|
$110.00
|
$105.00
|
|
Hypothetical coupon threshold price:
|
$70.00
|
$70.00
|
$70.00
|
|
Hypothetical downside threshold price:
|
$70.00
|
$70.00
|
$70.00
|
|
Performance factor (ending price divided by starting price):
|
80.00%
|
110.00%
|
105.00%
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
![]() |
Energy Select
Sector SPDR®
Fund
|
Technology
Select
Sector
SPDR® Fund
|
Health Care
Select
Sector
SPDR® Fund
|
||
Hypothetical starting price:
|
$100.00
|
$100.00
|
$100.00
|
|
Hypothetical ending price:
|
$80.00
|
$110.00
|
$105.00
|
|
Hypothetical coupon threshold price:
|
$70.00
|
$70.00
|
$70.00
|
|
Hypothetical downside threshold price:
|
$70.00
|
$70.00
|
$70.00
|
|
Performance factor (ending price divided by starting price):
|
80.00%
|
110.00%
|
105.00%
|
Energy Select Sector SPDR® Fund
|
Technology
Select
Sector
SPDR® Fund
|
Health Care
Select
Sector
SPDR® Fund |
||
Hypothetical starting price:
|
$100.00
|
$100.00
|
$100.00
|
|
Hypothetical ending price:
|
$120.00
|
$90.00
|
$45.00
|
|
Hypothetical coupon threshold price:
|
$70.00
|
$70.00
|
$70.00
|
|
Hypothetical downside threshold price:
|
$70.00
|
$70.00
|
$70.00
|
|
Performance factor (ending price divided by starting price):
|
120.00%
|
90.00%
|
45.00%
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
![]() |
Energy Select Sector SPDR® Fund
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
![]() |
Technology Select Sector SPDR® Fund
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
![]() |
Health Care Select Sector SPDR® Fund
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
![]() |
Canadian Income Tax Consequences
|
U.S. Federal Income Tax Consequences
|
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
![]() |
Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside
Principal at Risk Securities Linked to the Lowest Performing of the Energy Select Sector SPDR® Fund, the
Technology Select Sector SPDR® Fund and the Health Care Select Sector SPDR® Fund due June 29, 2027
|
![]() |
Validity of the Securities
|
1 Year Bank Nova Scotia Halifax (PK) Chart |
1 Month Bank Nova Scotia Halifax (PK) Chart |
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