New Issue: Scotiabank prices $12.08 million capped leveraged notes tied to indexes

By Angela McDaniels

Tacoma, Wash., Jan. 15 – Bank of Nova Scotia priced $12.08 million of 0% capped enhanced participation notes due Nov. 4, 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 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% 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 three times the basket return, subject to a maximum settlement amount of $1,877.50 per $1,000 principal amount of notes. If the basket return is negative, investors will have one-to-one exposure to the decline.

Scotia Capital (USA) Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Capped enhanced participation notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$12,081,000
Maturity:	Nov. 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times basket return, subject to maximum settlement amount of $1,877.50 per $1,000 principal amount of notes; if basket return is negative, one-to-one exposure to basket’s decline
Initial index levels:	3,070.04 for Euro Stoxx 50; 1,529.73 for Topix; 6,918.18 for FTSE 100; 8,828.22 for Swiss Market; 5,774.584 for S&P/ASX 200
Pricing date:	Jan. 11
Settlement date:	Jan. 18
Underwriter:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	064159ND4

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