New Issue: Scotiabank prices $12.88 million market-linked step-up notes on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Dec. 23 – Bank of Nova Scotia priced $12.88 million of 0% market-linked step-up notes due Dec. 22, 2017 linked to the Euro Stoxx 50 index, according to a 424B5 filed with the Securities and Exchange Commission.

If the index finishes at or above the step-up value – 121.6% of the initial level – the payout at maturity will be par of $10 plus the index gain.

If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 21.6%.

Investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Market-linked step-up notes
Underlying index:	Euro Stoxx 50 index
Amount:	$12,882,180
Maturity:	Dec. 22, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes at or above the step-up value, par plus the index gain; if the index gains by up to the step-up level, par plus 21.6%; investors will be exposed to any losses
Initial level:	3,260.72
Step level:	3,965.04, 121.6% of initial level
Pricing date:	Dec. 18
Settlement date:	Dec. 29
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	064160609

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