New Issue: Scotiabank sells $6.33 million market-linked autocalls tied to Stoxx

By Sarah Lizee

Olympia, Wash., Nov. 8 – Bank of Nova Scotia priced $6.33 million of 0% market-linked securities – autocallable with fixed percentage buffered downside due Nov. 7, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 8% per year if the index closes at or above the initial index level on any annual call date.

If the notes are not called and the final index level is at least 90% of its initial level, the payout at maturity will be par.

Otherwise, investors will lose 1% for each 1% decline of the index beyond 10%.

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

Issuer:	Bank of Nova Scotia
Issue:	Market-linked securities – autocallable with fixed percentage buffered downside
Underlying index:	Euro Stoxx 50 index
Amount:	$6,328,000
Maturity:	Nov. 7, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 90% of its initial level, par; otherwise, investors will lose 1% for each 1% decline of the index beyond 10%
Call:	At par plus a call premium of 8% per year if the index closes at or above the initial index level on any annual call date
Initial index level:	3,604.41
Buffer level:	3,243.969, 90% of initial level
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agents:	Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC
Fees:	2.89%
Cusip:	064159PZ3

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