New Issue: Scotia prices $18.24 million accelerated return notes linked to index basket

By William Gullotti

Buffalo, N.Y., Nov. 2 – Bank of Nova Scotia priced $18.24 million of 0% Accelerated Return Notes due Dec. 23, 2022 linked to a weighted international equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is composed of the Euro Stoxx 50 index with a weight of 40%, the FTSE 100 index with a weight of 20%, the Nikkei 225 index with a weight of 20%, the Swiss Market index with a weight of 7.5%, the S&P/ASX 200 index with a weight of 7.5% and the FTSE China 50 index with a weight of 5%.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 13.36%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight), FTSE China 50 (5% weight)
Amount:	$18,243,240
Maturity:	Dec. 23, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, up to a maximum return of 13.36%; investors will be exposed to any basket decline
Initial index levels:	4,233.87 for Stoxx, 7,249.47 for FTSE, 28,820.09 for Nikkei, 12,153.1 for Swiss, 7,430.377 for S&P/ASX, 18,190.66 for FTSE China 50
Pricing date:	Oct. 28
Settlement date:	Nov. 4
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	06417X697

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