New Issue: Scotiabank prices $27.14 million capped enhanced participation notes on index basket

By Wendy Van Sickle

Columbus, Ohio, May 13 – Bank of Nova Scotia priced $27.14 million of 0% capped enhanced participation notes due Nov. 3, 2022 linked to an unequally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.

If the basket return is positive, the payout at maturity will be par plus 3 times the basket return, subject to a maximum settlement amount of $1,202.50 per $1,000 of notes. Otherwise, investors will lose 1% for each 1% decline.

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

Issuer:	Bank of Nova Scotia
Issue:	Capped enhanced participation notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (19% weight), Swiss Market (10% weight) and S&P/ASX 200 (8% weight)
Amount:	$27.14 million
Maturity:	Nov. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 3 times basket return, capped at $1,202.50 per $1,000 of notes; 1% loss for each 1% decline
Initial levels:	4,034.25 for Euro Stoxx, 1,933.05 for Topix, 7,129.71 for FTSE, 11,173.57 for Swiss Market, 7,080.828 for S&P/ASX
Pricing date:	May 7
Settlement date:	May 14
Agent:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	1.38%
Cusip:	0641593G9

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