By Wendy Van Sickle
Columbus, Ohio, Feb. 18 – Bank of Nova Scotia priced $35.23 million of 0% capped enhanced participation notes due Aug. 7, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any gain in the index up to a maximum payout of $1,321.60 per $1,000 of notes.
Investors will be fully exposed to any losses.
Scotia Capital (USA) Inc. is the underwriter with Goldman Sachs & Co. LLC as dealer.
| Issuer: | Bank of Nova Scotia
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| Issue: | Capped enhanced participation notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $35.23 million
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| Maturity: | Aug. 7, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any index gain, capped at par plus 32.16%; full exposure to any losses
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| Initial index level: | 4,143.71
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| Pricing date: | Feb. 15
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| Settlement date: | Feb. 23
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| Agent: | Scotia Capital (USA) Inc.
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| Dealer: | Goldman Sachs & Co. LLC
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| Fees: | 1.34%
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| Cusip: | 0641597W0
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