New Issue: Scotia sells $30.95 million buffered enhanced participation notes on index basket

By Wendy Van Sickle

Columbus, Ohio, May 16 – Bank of Nova Scotia priced $30.95 million of 0% buffered enhanced participation notes due June 4, 2024 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with an 12% weight and the S&P/ASX 200 index with an 9% weight.

If the basket return is positive, the payout at maturity will be par plus 120% of the basket return.

Investors will receive par if the basket falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

Scotia Capital (USA) Inc. is the underwriter. Simon Markets LLC is acting as dealer.

Issuer:	Bank of Nova Scotia
Issue:	Buffered enhanced participation notes
Underlying indexes:	Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight), S&P/ASX 200 index (9% weight)
Amount:	$30,945,000
Maturity:	June 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, the payout at maturity will be par plus 120% of the basket return; par if basket falls by up to 20%; 1.25% loss for each 1% basket decline beyond 20%
Initial index levels:	3,647.87 for Stoxx, 1,851.15 for Topix, 7,347.66 for FTSE, 11,533.66 for Swiss Market, 7,064.682 for S&P/ASX
Pricing date:	May 6
Settlement date:	May 13
Underwriter:	Scotia Capital (USA) Inc.
Selected dealer:	Simon Markets LLC
Fees:	1.55%
Cusip:	06416DAW6

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