New Issue: Scotiabank prices $4.09 million digital notes linked to Euro Stoxx 50

By Sarah Lizee

Olympia, Wash., March 26 – Bank of Nova Scotia priced $4.09 million of 0% digital notes due July 13, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be $1,207.50 per $1,000 note. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

Scotia Capital (USA) Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	Euro Stoxx 50 index
Amount:	$4.09 million
Maturity:	July 13, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 85% of initial index level, $1,207.50 per $1,000 note; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	3,305.73
Pricing date:	March 22
Settlement date:	March 29
Underwriter:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	064159NQ5

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