New Issue: Scotiabank sells $71.25 million buffered enhanced notes on index basket

By Marisa Wong

Morgantown, W.Va., March 14 – Bank of Nova Scotia priced $71.25 million of 0% buffered enhanced participation notes due March 16, 2022 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 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% 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 205% of the basket return. Investors will receive par if the basket declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.

Scotia Capital (USA) Inc. is the agent with Goldman Sachs & Co. LLC as dealer.

Issuer:	Bank of Nova Scotia
Issue:	Buffered enhanced participation notes
Underlying indexes:	Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$71.25 million
Maturity:	March 16, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 205% of basket return; par if basket declines by 20% or less; 1.25% loss for every 1% that basket declines beyond 20%
Initial levels:	3,429.48 for Euro Stoxx, 7,214.76 for FTSE, 1,741.30 for Topix, 8,970.74 for Swiss Market and 5,996.121 for S&P/ASX
Pricing date:	March 12
Settlement date:	March 19
Agent:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	3.42%
Cusip:	064159LB0

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