New Issue: Scotia prices $14.63 million accelerated return notes linked to basket of finance stocks

By William Gullotti

Buffalo, N.Y., Nov. 1 – Bank of Nova Scotia priced $14.63 million of 0% Accelerated Return Notes due Dec. 29, 2023 linked to a stock basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the stocks of Goldman Sachs Group, Inc. with a 33.34% weight, JPMorgan Chase & Co. with a 33.33% weight and Morgan Stanley with a weight of 33.33%.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 33.75%.

Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying stocks:	Goldman Sachs Group, Inc. (33.34% weight), JPMorgan Chase & Co. (33.33% weight), Morgan Stanley (33.33% weight)
Amount:	$14,629,540
Maturity:	Dec. 29, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, up to a maximum return of 33.75%; lose 1% for every 1% of basket decline from initial level
Initial stock levels:	$337.18 for Goldman Sachs, $124.60 for JPMorgan, $80.69 for Morgan Stanley
Pricing date:	Oct. 27
Settlement date:	Nov. 3
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	06418B181

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