New Issue: Scotiabank sells $33.6 million buffered enhanced participation notes on basket

By Wendy Van Sickle

Columbus, Ohio, Nov. 16 – Bank of Nova Scotia priced $33.6 million of 0% buffered enhanced participation notes due Nov. 17, 2022 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 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% 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 138% of the basket return. Investors will receive par if the basket declines by 45% or less and will lose 1.8182% for every 1% that it declines beyond 45%.

Scotia Capital (USA) Inc. and Goldman Sachs & Co. are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Buffered enhanced participation notes
Underlying indexes:	Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$33,595,000
Maturity:	Nov. 17, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 138% of basket return; par if basket declines by 45% or less; 1.8182% loss for every 1% that basket declines beyond 45%
Initial levels:	3,556.38 for Euro Stoxx, 7,414.42 for FTSE, 1,778.87 for Topix, 9,130.48 for Swiss Market and 5,968.746 for S&P/ASX
Pricing date:	Nov. 14
Settlement date:	Nov. 20
Agent:	Scotia Capital (USA) Inc. and Goldman Sachs & Co.
Fees:	3.5%
Cusip:	064159KN5

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