New Issue: Scotiabank prices $6.29 million Leveraged Index Return Notes linked to Dow

By William Gullotti

Buffalo, N.Y., May 31 – Bank of Nova Scotia priced $6.29 million of 0% Leveraged Index Return Notes due May 25, 2029 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 126% of any index gain.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$6,294,520
Maturity:	May 25, 2029
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 126% of any index gain; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
Initial index level:	32,764.65
Threshold level:	26,211.72; 80% of initial level
Pricing date:	May 25
Settlement date:	June 2
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06418G669

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