Issuer
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The Bank of Nova Scotia (the “Bank”)
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Market Measure
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The common stock of Advanced Micro Devices, Inc. (the “Underlying Stock”) (Bloomberg Ticker: AMD)
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Pricing Date*
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April 30, 2024.
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Issue Date*
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May 3, 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 Underlying Stock on the related calculation day is greater than or equal to the 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 Underlying
Stock on one or more calculation days is less than the coupon threshold price and, on a subsequent calculation day, the stock closing price of the Underlying Stock on that subsequent calculation day is greater than or equal to the 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 13.12% per annum, to be determined on the pricing date
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Calculation Days*
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Quarterly, on the 30th day of each January, April, July and October, commencing in July 2024 and ending in April 2027, each subject to postponement. We refer to the
calculation day scheduled to occur in April 2027 (expected to be April 30, 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 Underlying Stock on any calculation day from July 2024 to January 2027, inclusive, is greater than or equal to the 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, and any
previously unpaid contingent coupon payments. The securities will not be subject to automatic call until the first calculation day, which is approximately three 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 is greater than or equal to the downside threshold price: $1,000; or
• if the ending price is less than the downside threshold price:
$1,000 × performance factor
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Performance Factor
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The ending price divided by the starting price (expressed as a percentage)
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Stated Maturity Date*
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May 5, 2027, subject to postponement
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Starting Price
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The stock closing price of the Underlying Stock on the pricing date
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Ending Price
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The stock closing price of the Underlying Stock on the final calculation day
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Coupon Threshold Price
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60.00% of the starting price
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Downside Threshold Price
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60.00% of the 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 2.325%; 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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06417YT90 / US06417YT901
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Material Canadian and U.S.
Tax Consequences
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See the preliminary pricing supplement.
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