New Issue: Scotiabank prices $77.89 million Accelerated Return Notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Dec. 22 – Bank of Nova Scotia priced $77.89 million of 0% Accelerated Return Notes due Feb. 22, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 9%. Investors will lose 1% for each 1% index decline.

BofA Merrill Lynch is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$77,892,940
Maturity:	Feb. 22, 2019
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus triple any index gain, capped at 9%; 1% loss for each 1% decline
Initial level:	2,684.57
Final index level:	Average of index’s closing levels on five trading days ending Feb. 19, 2019
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	064161730

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