New Issue: Scotia prices $3.29 million trigger gears linked to equity index basket

By Wendy Van Sickle

Columbus, Ohio, Aug. 25 – Bank of Nova Scotia priced $3.29 million of 0% trigger gears due Aug. 15, 2031 linked to a basket of equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

The payout at maturity will be par of $10 plus 2.665 times any basket gain.

If the basket finishes flat or falls by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the basket declines below the initial level.

UBS Financial Services Inc. and Scotia Capital (USA) Inc. are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Trigger gears
Underlying indexes:	Euro Stoxx 50 (40% weight), Nikkei 225 (25% weight), FTSE 100 (17.5% weight), Swiss Market (10% weight), S&P/ASX 200 (7.5% weight)
Amount:	$3,294,500
Maturity:	Aug. 15, 2031
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2.665 times any basket gain; par if basket finishes flat or falls by up to 30%; otherwise, full exposure to any basket decline
Initial index levels:	4,229.7 for Euro Stoxx 50, 7,218.71 for FTSE 100, 27,977.15 for Nikkei 225, 12,464.44 for Swiss Market, 7,628.923 for S&P/ASX 200
Downside threshold:	70% of initial level
Pricing date:	Aug. 13
Settlement date:	Aug. 17
Agents:	UBS Financial Services Inc. and Scotia Capital (USA) Inc.
Fees:	5%
Cusip:	06417T605

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