New Issue: Scotiabank sells $14.32 million capped leveraged index return notes on index basket

By William Gullotti

Buffalo, N.Y., March 5 – Bank of Nova Scotia priced $14.32 million of 0% capped leveraged index return notes due Jan. 28, 2028 linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the S&P 500 index with a 50% weight, the Russell 2000 index with a 20% weight, the S&P MidCap 400 index with a 10% weight, the Euro Stoxx 50 index with a 9% weight, the FTSE 100 index with a 4% weight, the Nikkei Stock Average index with a 4% weight, the Swiss Market index with a 1.5% weight and the S&P/ASX 200 index with a 1.5% weight.

The payout at maturity will be par plus 150% of any basket gain, up to a maximum return of 66.5%.

Investors will be fully exposed to any basket decline.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped leveraged index return notes
Underlying indexes:	S&P 500 index (50% weight), Russell 2000 index (20% weight), S&P MidCap 400 (10% weight), Euro Stoxx 50 (9% weight), FTSE 100 (4% weight), Nikkei Stock Average (4% weight), Swiss Market (1.5% weight), S&P/ASX 200 (1.5% weight)
Amount:	$14,321,210
Maturity:	Jan. 28, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 150% of any basket gain, with return capped at 66.5%; otherwise, full exposure to loss
Initial index levels:	5,096.27 for S&P 500, 2,054.843 for Russell, 2,890.67 for S&P MidCap, 4,877.77 for Euro Stoxx, 7,630.02 for FTSE, 39,166.19 for Nikkei, 11,438.86 for Swiss, 7,698.699 for S&P/ASX
Pricing date:	Feb. 29
Settlement date:	March 7
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06418J663

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