New Issue: Scotiabank prices $6.8 million leveraged index return notes on index basket

By William Gullotti

Buffalo, N.Y., Aug. 2 – Bank of Nova Scotia priced $6.8 million of 0% leveraged index return notes due June 25, 2027 linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the FTSE China 50 index with a 5% weight.

The payout at maturity will be par plus 151% of any basket gain.

Investors will receive par if the basket falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Leveraged index return notes
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei Stock Average (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight), FTSE China 50 (5% weight)
Amount:	$6,802,240
Maturity:	June 25, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 151% of any basket gain; par if basket falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
Initial index levels:	3,652.2 for Stoxx, 7,345.25 for FTSE, 27,815.48 for Nikkei, 11,129.33 for Swiss, 6,889.746 for S&P/ASX, 14,076.85 for FTSE China 50
Threshold level:	80% of initial level
Pricing date:	July 28
Settlement date:	Aug. 4
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06418B678

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