New Issue: Scotiabank prices $11.79 million digital notes linked to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, Feb. 8 – Bank of Nova Scotia priced $11.79 million of 0% digital notes due May 9, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 85% threshold level, the payout at maturity will be $1,084 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1765% for each 1% decline beyond the 15% buffer.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$11.79 million
Maturity:	May 9, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above threshold level, $1,084 per $1,000 principal amount; 1.1765% loss for each 1% beyond buffer
Initial index level:	4,477.44
Buffer value:	85% of initial level
Pricing date:	Feb. 3
Settlement date:	Feb. 10
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	0641597N0

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