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Published on 2/4/2016 in the Prospect News Structured Products Daily.

New Issue: Scotiabank sells $15.57 million capped enhanced participation notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 4 – Bank of Nova Scotia priced $15.57 million of 0% capped enhanced participation notes due March 7, 2017 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 1.7 times the index gain, subject to a maximum redemption amount of $1,189.55 per $1,000 principal amount.

Investors will share in losses.

Scotia Capital (USA) Inc. is the underwriter. Goldman Sachs & Co. is the dealer.

Issuer:Bank of Nova Scotia
Issue:Capped enhanced participation notes
Underlying index:S&P 500
Amount:$15.57 million
Maturity:March 7, 2017
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.7 times any index gain, capped at 18.955%; full exposure to any loss
Initial level:1,903.03
Pricing date:Feb. 2
Settlement date:Feb. 9
Agents:Scotia Capital (USA) Inc.
Dealer:Goldman Sachs & Co.
Fees:1.06%
Cusip:064159HG4

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