AI智能总结
Index Due November 4, 2027 The notes do not bear interest.The amount that you will be paid on your notes at maturity (November 4, 2027) is based on theperformance of the Russell 2000® valuation date (November 1, 2027).If the final level on the valuation date is greater than the initial level of 2,613.743, which was the closing level of the reference asset onthe trade date, the return on your notes will be positive and will equal the participation rate of 150.00% times the reference asset return,which is the percentage increase or decrease in the final level from the initial level, subject to the maximum payment amount of If the final level declines by more than 10.00% from the initial level, the return on your notes will be negative and will equal thereference asset return plus 10.00%. Specifically, you will lose 1% for every 1% negative percentage change in the level of thereference asset below 90.00% of the initial level. You may lose up to 90.00% of the principal amount of your notes.Any payment At maturity, for each $1,000 principal amount of your notes, you will receive an amount in cash equal to: ●if the final level isgreater thanthe initial level (the reference asset return is positive), thesumof (i) $1,000plus(ii) theproductof (a)$1,000times(b) the reference asset returntimes(c) 150.00%, subject to the maximum payment amount;●if the final level isequal tothe initial level orless thanthe initial level, but not by more than 10.00% (the reference asset return iszero or negative but isequal toorgreater than-10.00%), $1,000; or●if the final level isless thanthe initial level by more than 10.00% (the reference asset return is negative and isless than-10.00%), Following the determination of the initial level, the amount you will be paid on your notes at maturity will not be affected by the closinglevel of the reference asset on any day other than the valuation date.In addition, no payments on your notes will be made prior tomaturity. Investment in the notes involves certain risks. You should refer to “Additional Risks” beginning on page P-14 of this pricingsupplement and “Additional Risk Factors Specific to the Notes” beginning on page PS-6 of the accompanying productsupplement and “Risk Factors” beginning on page S-2 of the accompanying prospectus supplement and on page 8 of the The initial estimated value of your notes at the time the terms of your notes were set on the trade date was $971.19 per $1,000principal amount, which is less than the original issue price of your notes listed below.See “Additional Information RegardingEstimated Value of the Notes” on the following page and “Additional Risks” beginning on page P-14 of this document for additional Neither the United States Securities and Exchange Commission (the “SEC”) nor any state securities commission has approvedor disapproved of the notes or passed upon the accuracy or the adequacy of this pricing supplement, the accompanyingprospectus, prospectus supplement, underlier supplement or product supplement. Any representation to the contrary is a The notes are not insured by the Canada Deposit Insurance Corporation (the “CDIC”) pursuant to the Canada DepositInsurance Corporation Act (the “CDIC Act”) or the U.S. Federal Deposit Insurance Corporation or any other government agencyof Canada, the United States or any other jurisdiction. Scotia Capital (USA) Inc.Sachs & Co. LLC Dealer The Capped Buffered Enhanced Participation Notes Linked to the Russell 2000®Index Due November 4, 2027 (the “notes”)offered hereunder are unsubordinated and unsecured obligations of The Bank of Nova Scotia (the “Bank”) and are subject toinvestment risks including possible loss of the principal amount invested due to the negative performance of the reference assetand the credit risk of the Bank. As used in this pricing supplement, the “Bank,” “we,” “us” or “our” refers to The Bank of Nova The return on your notes will relate to the price return of the reference asset and will not include a total return or dividendcomponent. The notes are derivative products based on the performance of the reference asset. The notes do not constitute adirect investment in any of the shares, units or other securities represented by the reference asset. By acquiring the notes, you willnot have a direct economic or other interest in, claim or entitlement to, or any legal or beneficial ownership of any such share, unit Scotia Capital (USA) Inc. (“SCUSA”), our affiliate, has agreed to purchase the notes from us for distribution to other registeredbroker dealers. SCUSA or any of its affiliates or agents may use this pricing supplement in market-making transactions in notesafter their initial sale. Unless we, SCUSA or another of our affiliates or agents selling such notes to you informs you otherwise inthe confirmation of sale, this pricing supplement is being used in a market-making transaction. See “Supplemental Plan ofDistribution (Conflicts of Interest)” in this pricing supplemen