New Issue: Scotia prices $33.54 million capped enhanced participation notes tied to Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, June 14 – Bank of Nova Scotia priced $33.54 million of 0% capped enhanced participation notes due June 14, 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 three times the sum of any gain in the index and 20% up to a maximum payout of $1,954 per $1,000 of notes.

If the index declines but finishes at or above 80% of its initial level, the payout will be 80% of par plus four times the sum of any gain in the index and 20%.

If the index ends below 80% of its initial level, investors will be fully exposed to any loss.

Scotia Capital (USA) Inc. is the underwriter and Goldman, Sachs & Co. is the dealer.

Issuer:	Bank of Nova Scotia
Issue:	Capped enhanced participation notes
Underlying index:	Euro Stoxx 50
Amount:	$33,541,000
Maturity:	June 14, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times sum of any gain in the index and 20% up to maximum payout of $1,954 per $1,000 of notes; if index declines but finishes at or above 80% of initial level, 80% of par plus four times the sum of any gain in index and 20%; otherwise, full exposure to loss
Initial index level:	3,480.22
Pricing date:	June 11
Settlement date:	June 18
Agents:	Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC
Fees:	3.5%
Cusip:	064159LS3

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