New Issue: Scotiabank prices $13.13 million Leveraged Index Return Notes on index basket

By Marisa Wong

Morgantown, W.Va., April 11 – Bank of Nova Scotia priced $13.13 million of 0% Leveraged Index Return Notes due March 27, 2020 linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are 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 plus 2.19 times the basket return.

Investors will be fully exposed to losses.

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), Hang Seng (5% weight)
Amount:	$13,126,060
Maturity:	March 27, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 219% of any basket gain; full exposure to losses
Initial index levels:	3,331.25 for Euro Stoxx 50; 7,044.74 for FTSE 100; 21,031.31 for Nikkei 225; 8,756.12 for Swiss Market; 5,789.465 for S&P/ASX 200; 30,022.53 for Hang Seng
Pricing date:	March 28
Settlement date:	April 5
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	064161581

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