New Issue: Scotiabank sells $6.39 million capped Leveraged Index Return Notes on index basket

By William Gullotti

Buffalo, N.Y., Jan. 31 – Bank of Nova Scotia priced $6.39 million of 0% capped Leveraged Index Return Notes due Jan. 31, 2025 linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the FTSE China 50 index with a 5% weight.

The payout at maturity will be par plus 200% of any basket gain, up to a maximum return of 29.9%.

Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped Leveraged Index Return Notes
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei Stock Average (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight), FTSE China 50 (5% weight)
Amount:	$6,394,610
Maturity:	Jan. 31, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any basket gain, with return capped at 29.9%; par if basket falls by up to 10%; exposure to losses beyond 10%
Initial index levels:	4,173.98 for Stoxx, 7,761.11 for FTSE, 27,362.75 for Nikkei, 11,317.56 for Swiss, 7,493.833 for S&P/ASX, 15,038.49 for FTSE China 50
Pricing date:	Jan. 26
Settlement date:	Feb. 2
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06418F307

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