New Issue: Scotiabank prices $42.18 million Accelerated Return Notes on Apple

By Marisa Wong

Los Angeles, Aug. 31 – Bank of Nova Scotia priced $42.18 million of 0% Accelerated Return Notes due Oct. 28, 2022 linked to the common stock of Apple Inc., according to a 424B2 filed with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par plus triple the share price gain, capped at par plus 23.34%.

Investors will be fully exposed to any share price decline.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying stock:	Apple Inc. (Symbol: AAPL)
Amount:	$42,184,180
Maturity:	Oct. 28, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any share price gain, capped at par plus 23.34%; full exposure to losses
Initial value:	$148.11
Pricing date:	Aug. 26
Settlement date:	Sept. 3
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	06417X606

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