New Issue: Scotia prices $1.5 million digital notes due 2021 tied to index basket

By Sarah Lizee

Olympia, Wash., Oct. 16 – Bank of Nova Scotia priced $1.5 million of digital notes due Oct. 14, 2021 linked to a basket of indexes, according to an 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 flat or positive, the payout at maturity will be the greater of par plus the return and $1,297 per $1,000 of notes.

Otherwise, investors will lose 1% for each 1% decline.

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

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying basket:	Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (19% weight), Swiss Market (10% weight) and S&P/ASX 200 (8% weight)
Amount:	$1.5 million
Maturity:	Oct. 14, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is flat or positive, greater of par plus the return and $1,297 per $1,000 of notes; otherwise, investors will lose 1% for each 1% decline
Initial levels:	3,493.96 for Euro Stoxx, 1,581.42 for Topix, 7,186.36 for FTSE, 9,903.02 for Swiss Market, 6,547.076 for S&P/ASX
Pricing date:	Oct. 10
Settlement date:	Oct. 18
Agent:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	1.75%
Cusip:	064159QG4

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