New Issue: Scotiabank prices $7.73 million digital notes linked to Stoxx

By Kiku Steinfeld

Chicago, April 13 – Bank of Nova Scotia priced $7.73 million of 0% digital notes due Feb. 23, 2023 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 87.5% of the initial index level, the payout at maturity will be $1,116.50 for each $1,000 principal amount of your notes. Otherwise, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$7,727,000
Maturity:	Feb. 23, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 87.5% of initial index level, par plus 11.65%; otherwise, 1.1429% loss for every 1% that index declines beyond 12.5%
Initial index level:	3,832.57
Threshold level:	87.5% of initial level
Pricing date:	March 25
Settlement date:	April 1
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	064159QJ8

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