New Issue: Scotiabank sells $3.15 million market-linked notes on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Jan. 5 – Bank of Nova Scotia priced $3.15 million of 0% market-linked securities with leveraged upside participation and contingent downside due Dec. 31, 2020 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 160% of any index gain.

Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline below the initial level if it falls by more than 30%.

Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Market-linked securities with leveraged upside participation and contingent downside
Underlying index:	Euro Stoxx 50
Amount:	$3.15 million
Maturity:	Dec. 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 160% of any index gain; par if the index falls by up to 30%; 1% loss for every 1% decline below initial level if index falls by more than 30%
Initial index level:	3,550.17
Threshold level:	2,485.119, 70% of initial level
Pricing date:	Dec. 27
Settlement date:	Jan. 2
Agents:	Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC
Fees:	2.85%
Cusip:	064159KP0

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