By Marisa Wong
Morgantown, W.Va., Nov. 14 – Bank of Nova Scotia priced $1.86 million of 0% market-linked securities – autocallable with fixed percentage buffered downside due Nov. 5, 2021 to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its initial level on an annual observation date, the notes will be called at par plus a premium of 9.35% per year.
If the notes are not called, the payout at maturity will be par unless the index falls by more than 10%, in which case investors will lose 1% for every 1% decline beyond 10%.
Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Bank of Nova Scotia
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| Issue: | Market-linked securities – autocallable with fixed percentage buffered downside
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.86 million
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| Maturity: | Nov. 5, 2021
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 9.35% per year if the index closes at or above its initial level on an annual observation date
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| Payout at maturity: | Par unless the index falls by more than 10%, in which case investors will lose 1% for every 1% decline beyond 10%
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| Initial level: | 3,197.51
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 5
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| Agents: | Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC
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| Fees: | 2.825%
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| Cusip: | 064159MH6
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