New Issue: Scotiabank prices $27.62 million Leveraged Index Return Notes on Stoxx

By Sarah Lizee

Olympia, Wash., Aug. 1 – Bank of Nova Scotia priced $27.62 million of 0% Leveraged Index Return Notes due July 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 160% of any index gain.

Investors will receive par if the index declines by up to 25% and will lose 1% for every 1% decline in the index beyond 25%.

BofA Merrill Lynch is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50
Amount:	$27,621,210
Maturity:	July 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 160% of any index gain; par if the index declines by up to 25%; 1% loss for every 1% decline beyond 25%
Initial level:	3,509.26
Pricing date:	July 26
Settlement date:	July 31
Agent:	BofA Merrill Lynch
Fees:	2.25%
Cusip:	064161250

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