New Issue: Scotiabank prices $8.24 million Capped Leveraged Index Return Notes on index basket

By Marisa Wong

Morgantown, W.Va., May 1 – Bank of Nova Scotia priced $8.24 million of 0% Capped Leveraged Index Return Notes due April 24, 2020 linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with an initial weight of 45%, the Stoxx Europe 600 index with an initial weight of 35% and the Russell 2000 index with an initial weight of 20%.

The payout at maturity will be par plus double any basket gain, up to a maximum return of 21.8%.

Investors will receive par if the basket falls by up to 5% and will lose 1% for each 1% decline beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped Leveraged Index Return Notes
Underlying indexes:	S&P 500 index (45% weight), Stoxx Europe 600 index (35% weight) and Russell 2000 index (20% weight)
Amount:	$8,244,230
Maturity:	April 24, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any basket gain, with return capped at 21.8%; par if basket falls by up to 5%; exposure to losses beyond 5%
Initial index levels:	2,666.94 for S&P, 383.75 for Stoxx, 1,557.895 for Russell
Pricing date:	April 26
Settlement date:	May 3
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	064161375

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