New Issue: Scotia prices $14.66 million accelerated return notes linked to basket of financial stocks

By Wendy Van Sickle

Columbus, Ohio, Feb. 3 – Bank of Nova Scotia priced $14.66 million of 0% Accelerated Return Notes due March 25, 2022 linked to an international equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley, each with a weight of 33.33%.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 32.8%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying indexes:	Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley, each with 33.33% weight
Amount:	$14,656,370
Maturity:	March 25, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, up to a maximum return of 32.8%; exposure to any basket decline
Initial istock levels:	$60.34 for Citigroup, $130.11 for JPMorgan, $69.32 for Morgan Stanley
Pricing date:	Jan. 28
Settlement date:	Feb. 4
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	06417V501

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