New Issue: Scotiabank sells $1.84 million capped buffered enhanced notes on basket

By Marisa Wong

Morgantown, W.Va., June 22 – Bank of Nova Scotia priced $1.84 million of 0% capped buffered enhanced participation notes due May 20, 2020 linked to a 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 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% 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 200% of the basket return, up to a maximum payout of $1,400 per $1,000 of notes. Investors will receive par if the basket declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying indexes:	Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$1,836,000
Maturity:	May 20, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 200% of basket return up to maximum payout of $1,400 per $1,000 note; par if basket declines by 15% or less; 1.1765% loss for every 1% that basket declines beyond 15%
Initial levels:	3,505.02 for Euro Stoxx, 7,633.91 for FTSE, 1,789.04 for Topix, 8,642.60 for Swiss Market and 6,094.029 for S&P/ASX
Pricing date:	June 15
Settlement date:	June 22
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	064159LU8

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