New Issue: Scotia sells $2.12 million leveraged market-linked notes on Nasdaq-100

By Kiku Steinfeld

Chicago, April 22 – Bank of Nova Scotia priced $2.12 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 6, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain up to a maximum payout of par plus 18%.

Investors will receive par if the index falls by up to 10% and will be fully exposed to the decline of the index beyond 10%

Wells Fargo Securities, LLC is the agent for distribution.

Issuer:	Bank of Nova Scotia
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Nasdaq-100
Amount:	$2,124,000
Maturity:	Oct. 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain up to a maximum payout of par plus 18%; par if the index falls by up to 10%; exposure to losses beyond 10%
Initial level:	13,091.44
Buffer level:	11,782.296, 90% of initial level
Pricing date:	March 31
Settlement date:	April 6
Agent:	Wells Fargo Securities, LLC
Fees:	2.45%
Cusip:	06368EFN7

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