New Issue: Scotiabank prices $44.48 million leveraged notes linked to indexes

By Angela McDaniels

Tacoma, Wash., Oct. 30 – Bank of Nova Scotia priced $44.48 million of 0% Leveraged Index Return Notes due Oct. 25, 2019 linked to a 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 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight

If the basket return is positive, the payout at maturity will be par of $10 plus 192% of the basket return. If the basket return is negative, investors will have one-to-one exposure to the decline.

BofA Merrill Lynch is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Leveraged Index Return Notes
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei Stock Average (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
Amount:	$44,475,510
Maturity:	Oct. 25, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is positive, par plus 192% of basket return; if basket return is negative, one-to-one exposure to decline
Initial index levels:	3,637.20 for Euro Stoxx 50; 7,486.50 for FTSE 100; 21,739.78 for Nikkei; 9,200.08 for Swiss Market; 5,916.297 for S&P/ASX; 28,202.38 for Hang Seng
Final basket level:	Average of basket’s closing levels on five trading days ending Oct. 22, 2019
Pricing date:	Oct. 26
Settlement date:	Nov. 2
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	064161607

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