0001140361-24-039648.txt : 20240830 0001140361-24-039648.hdr.sgml : 20240830 20240830121326 ACCESSION NUMBER: 0001140361-24-039648 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240830 DATE AS OF CHANGE: 20240830 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF NOVA SCOTIA CENTRAL INDEX KEY: 0000009631 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 134941099 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-261476 FILM NUMBER: 241268150 BUSINESS ADDRESS: STREET 1: 40 TEMPERANCE STREET CITY: TORONTO STATE: A6 ZIP: M5H 0B4 BUSINESS PHONE: (416) 866-3672 MAIL ADDRESS: STREET 1: 40 TEMPERANCE STREET CITY: TORONTO STATE: A6 ZIP: M5H 0B4 FORMER COMPANY: FORMER CONFORMED NAME: BANK OF NOVA SCOTIA / DATE OF NAME CHANGE: 19970702 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF NOVA SCOTIA CENTRAL INDEX KEY: 0000009631 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 134941099 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 40 TEMPERANCE STREET CITY: TORONTO STATE: A6 ZIP: M5H 0B4 BUSINESS PHONE: (416) 866-3672 MAIL ADDRESS: STREET 1: 40 TEMPERANCE STREET CITY: TORONTO STATE: A6 ZIP: M5H 0B4 FORMER COMPANY: FORMER CONFORMED NAME: BANK OF NOVA SCOTIA / DATE OF NAME CHANGE: 19970702 FWP 1 ef20035017_fwp.htm GUIDEBOOK
Filed Pursuant to Rule 433
Registration Statement No. 333-261476

AUTOCALLABLE STRATEGIC ACCELERATED REDEMPTION SECURITIES®

 
Autocallable Strategic Accelerated Redemption Securities® Linked to a Basket of Three Financial Sector Stocks
  
 
Issuer
The Bank of Nova Scotia (“BNS”)
  
 
Principal Amount
$10.00 per unit
  
 
Term
Approximately three years, if not called earlier
  
 
Market Measure
An approximately equally weighted basket of three financial sector stocks comprised of the common stock of each of The Goldman Sachs Group, Inc. (Bloomberg symbol: “GS”), JPMorgan Chase & Co. (Bloomberg symbol: “JPM”) and Morgan Stanley (Bloomberg symbol: “MS”) (each, a “Basket Stock”).
  
 
Automatic Call
The notes will be called automatically if the Observation Level of the Market Measure on either of the Observation Dates is equal to or greater than the Call Level
  
 
Observation Level
The value of the Market Measure on any Observation Date
  
 
Observation Dates
Approximately one, two and three years from the pricing date
  
 
Call Level
100.00% of the Starting Value
  
 
Call Amounts
[$11.05 to $11.15] if called on the first Observation Date, [$12.10 to $12.30] if called on the second Observation Date, [$13.15 to $13.45] if called on the final Observation Date, each to be determined on the pricing date
  
 
Payout Profile at Maturity
If the notes are not called, 1-to-1 downside exposure to decreases in the Market Measure, with up to 100% of your principal amount at risk
  
 
Threshold Value
100.00% of the Starting Value
  
 
Investment Considerations
This investment is designed for investors who awnticipate that the Observation Level of the Market Measure on at least one of the Observation Dates will be equal to or greater than the Call Level and, in that case, are willing to have their notes called. This investment is also designed for investors who are willing to accept that their return on their investment will be capped at the applicable Call Premium, take full downside risk and forgo interim interest payments.
  
 
Preliminary Offering
Documents
  
 
Exchange Listing
No
  
You should read the relevant Preliminary Offering Documents before you invest. Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.
Risk Factors
Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following:

 •
If the notes are not automatically called, your investment will result in a loss; there is no guaranteed return of principal.

•
Payments on the notes are subject to the credit risk of BNS, and actual or perceived changes in the creditworthiness of BNS are expected to affect the value of the notes. If BNS becomes insolvent or is unable to pay its obligations, you may lose your entire investment.

•
Changes in the price of one of the Basket Stocks may be offset by changes in the prices of the other Basket Stocks.

•
The initial estimated value of the notes on the pricing date will be less than their public offering price.

•
If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.

•
If called, your return on the notes is limited to the applicable Call Premium.

•
You will have no rights of a holder of the Basket Stocks, and you will not be entitled to receive any shares of the Basket Stocks or dividends or other distributions by the Underlying Companies.

•
We do not control any Underlying Company and are not responsible for any disclosure made by any other company. The companies included in the Basket will have no obligations relating to the notes.

•
Payments on the notes will not be adjusted for all corporate events that could affect the Basket Stocks.

•
The Basket Stocks are concentrated in one sector.

•
Adverse conditions in the financial sector may reduce your return on the notes.

•
Economic conditions have adversely impacted the stock prices of many companies in the financial services sector, and may do so during the term of the notes.
Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax disclosure.
The Bank of Nova Scotia (“BNS”) has filed a registration statement (which includes a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the notes that are described in this Guidebook. Before you invest, you should carefully read the prospectus in that registration statement and other documents that BNS has filed with the SEC for more complete information about BNS and any offering described in this Guidebook. You may obtain these documents without cost by visiting EDGAR on the SEC Website at www.sec.gov. BNS’s Central Index Key, or CIK, on the SEC website is 9631. Alternatively, Merrill Lynch will arrange to send you the prospectus and other documents relating to any offering described in this document if you so request by calling toll-free 1-800-294-1322. BNS faces risks that are specific to its business, and we encourage you to carefully consider these risks before making an investment in its securities.