New Issue: Scotia sells $56.56 million capped enhanced participation notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, March 11 – Bank of Nova Scotia priced $56.56 million of 0% capped enhanced participation notes due April 12, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 125% of any gain in the index up to a maximum payout of $1,333.75 per $1,000 of notes.

Investors will be fully exposed to any losses.

Scotia Capital (USA) Inc. is the underwriter. Goldman Sachs & Co. LLC is the dealer.

Issuer:	Bank of Nova Scotia
Issue:	Capped enhanced participation notes
Underlying index:	Russell 2000
Amount:	$56,555,000
Maturity:	April 12, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any gain in the index up to a maximum payout of $1,333.75 per $1,000 of notes; full exposure to any losses
Initial index level:	2,323.357
Pricing date:	March 8
Settlement date:	March 15
Agent:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	0.96%
Cusip:	0641598E9

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