New Issue: Scotiabank sells $21.12 million buffered enhanced participation notes on basket

By Wendy Van Sickle

Columbus, Ohio, Aug. 15 – Bank of Nova Scotia priced $21.12 million of 0% buffered enhanced participation notes due Aug. 16, 2023 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 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 2.56 times the basket return. Investors will receive par if the basket declines by 12.5% or less and will lose 1.14269% for every 1% that it declines beyond 12.5%.

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

Issuer:	Bank of Nova Scotia
Issue:	Buffered 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:	$21.12 million
Maturity:	Aug. 16, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 2.56 times basket return; par if basket declines by 12.5% or less; 1.1429% loss for every 1% that it declines beyond 12.5%
Initial levels:	3,357.16 for Euro Stoxx, 1,486.57 for Topix, 7,786.24 for FTSE, 9,624.16 for Swiss Market, 6,568.538 for S&P/ASX
Pricing date:	Aug. 13
Settlement date:	Aug. 20
Agent:	Scotia Capital (USA) Inc., with Goldman Sachs & Co. LLC as dealer
Fees:	3.45%
Cusip:	064159PT7

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