New Issue: Scotiabank sells $10.15 million capped enhanced participation notes on S&P

By Sarah Lizee

Olympia, Wash., Dec. 13 – Bank of Nova Scotia priced $10.15 million of 0% capped enhanced participation notes due June 1, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any gain in the index up to a maximum payout of $1,421.60 per $1,000 of notes.

Investors will be fully exposed to any losses.

Scotia Capital (USA) Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Capped enhanced participation notes
Underlying index:	S&P 500
Amount:	$10.15 million
Maturity:	June 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain in the index up to a maximum payout of $1,421.60 per $1,000 of notes; full exposure to any losses
Initial index level:	3,153.63
Pricing date:	Nov. 25
Settlement date:	Dec. 5
Agent:	Scotia Capital (USA) Inc.
Fees:	3.73%
Cusip:	064159RB4

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