To delete the save file:
- Startup the game, and as soon as you see the Ubisoft logo press and hold the L, X, B, and Select buttons at the same time
- It will ask you Do you want to Initialize the save data?, tap the circle button.
- Next, it will ask you You won't be able to start from where you last saved if you initialize. Are you sure you want to initialize?, tap the circle button.
- After you tap the circle button on the screen that tells you Save data has been initialized. your saved game should now be deleted.