New Issue: Scotiabank prices $3.91 million capped enhanced participation notes on index basket

By William Gullotti

Buffalo, N.Y., May 12 – Bank of Nova Scotia priced $3.91 million of 0% capped enhanced participation notes due Aug. 7, 2023 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 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with an 9% weight.

If the basket return is positive, the payout at maturity will be par plus 300% of the basket return, subject to a maximum settlement amount of par plus 25.83%.

Investors will be fully exposed to any basket decline.

Scotia Capital (USA) Inc. is the agent. Simon Markets LLC is the dealer.

Issuer:	Bank of Nova Scotia
Issue:	Capped enhanced participation basket-linked notes
Underlying indexes:	Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight), S&P/ASX 200 index (9% weight)
Amount:	$3.91 million
Maturity:	Aug. 7, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 300% of basket return, capped at par plus 25.83%; otherwise, 1% loss for each 1% decline from initial level
Initial levels:	3,526.86 for Euro Stoxx, 1,878.39 for Topix, 7,216.58 for FTSE, 11,444.18 for Swiss Market, 7,120.653 for S&P/ASX
Pricing date:	May 9
Settlement date:	May 16
Agent:	Scotia Capital (USA) Inc.
Dealer:	Simon Markets LLC
Fees:	1.19%
Cusip:	06416DAU0

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