New Issue: Scotiabank sells $49.82 million capped buffered enhanced notes on iShares MSCI EM

By Wendy Van Sickle

Columbus, Ohio, Sept. 18 – Bank of Nova Scotia priced $49.82 million of capped buffered enhanced participation notes due Sept. 19, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any ETF gain, up to a maximum payment of $1,222.40 per $1,000 principal amount.

Investors will receive par if the ETF falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

The agent is Scotia Capital (USA) Inc. with Goldman, Sachs & Co. as dealer.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying ETF:	iShares MSCI Emerging Markets
Amount:	$49,823,000
Maturity:	Sept. 19, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any ETF gain, capped at $1,222.40 per $1,000 of notes; par if ETF falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
Initial level:	$45.32
Pricing date:	Sept. 14
Settlement date:	Sept. 21
Agent:	Scotia Capital (USA) Inc.
Dealer:	Goldman, Sachs & Co.
Fees:	1.75%
Cusip:	064159KC9

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