New Issue: Scotiabank sells $3.39 million market-linked notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, March 2 – Bank of Nova Scotia priced $3.39 million of 0% market-linked securities with leveraged upside participation and contingent downside due March 5, 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 165% of any index gain.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline below the initial level if it falls by more than 20%.

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:	$3,385,000
Maturity:	March 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 165% of any index gain; par if the index falls by up to 20%; 1% loss for every 1% decline below initial level if index falls by more than 20%
Initial index level:	3,438.96
Threshold level:	2,751.168, 80% of initial level
Pricing date:	Feb. 28
Settlement date:	March 5
Agents:	Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC
Fees:	2.58%
Cusip:	064159KX3

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