New Issue: Scotiabank prices $4.2 million capped enhanced participation notes on index basket

By William Gullotti

Buffalo, N.Y., June 22 – Bank of Nova Scotia priced $4.2 million of 0% capped enhanced participation notes due Nov. 16, 2022 linked to an unequally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with a 11% weight and the S&P/ASX 200 index with an 8% weight.

If the basket return is positive, the payout at maturity will be par plus three times the basket return, subject to a maximum settlement amount of $1,213 per $1,000 of notes. Otherwise, investors will lose 1% for each 1% decline.

Scotia Capital (USA) Inc. is the agent. Simon Markets LLC, a broker-dealer affiliated with Goldman Sachs & Co. LLC, is the dealer.

Issuer:	Bank of Nova Scotia
Issue:	Capped enhanced participation notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
Amount:	$4,197,000
Maturity:	Nov. 16, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus three times basket return, capped at $1,213 per $1,000 of notes; 1% loss for each 1% decline
Initial levels:	4,126.7 for Euro Stoxx, 1,954.02 for Topix, 7,134.06 for FTSE, 11,841.3 for Swiss Market, 7,312.333 for S&P/ASX
Pricing date:	June 11
Settlement date:	June 18
Agent:	Scotia Capital (USA) Inc.
Dealer:	Simon Markets LLC
Fees:	None
Cusip:	064159X76

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