New Issue: Scotiabank prices $575,000 market-linked securities on S&P 500 index

By Sarah Lizee

Olympia, Wash., Oct. 2 – Bank of Nova Scotia priced $575,000 of 0% market-linked securities with leveraged upside participation to a cap and contingent downside due April 4, 2022 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 plus 150% of any index gain, capped at $1,340 per $1,000 of notes.

Investors will receive par if the index falls by up 30% and will lose 1% for every 1% decline from the initial level if the index finishes below 70% of its initial level.

Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Market-linked securities with leveraged upside participation and contingent downside
Underlying index:	S&P 500
Amount:	$575,000
Maturity:	April 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain; par if the index falls by up to 30%; 1% loss for every 1% decline below initial level if index falls by more than 30%
Initial index level:	2,914.00
Threshold level:	2,039.80, 70% of initial level
Pricing date:	Sept. 27
Settlement date:	Oct. 2
Agents:	Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC
Fees:	2.86%
Cusip:	064159MC7

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