New Issue: Scotia prices $7.07 million market-linked step-up notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Aug. 2 – Bank of Nova Scotia priced $7.07 million of 0% market-linked step-up notes due July 27, 2023 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the notes are not called and the index finishes above the step-up value, 117.2% of the initial level, the payout at maturity will be par plus the index gain.

If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up payment of 17.2%.

Investors will be fully exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Market-linked step-up notes
Underlying index:	Euro Stoxx 50
Amount:	$7,070,670
Maturity:	July 27, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes above the step-up value, par plus the index gain; if the index finishes at or below the step-up level but at or above the initial level, par plus 17.2%; full exposure to losses
Initial index level:	4,116.77
Step-up value:	4,824.85, 117.2% of initial value
Pricing date:	July 29
Settlement date:	Aug. 5
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06417X309

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