New Issue: Scotia prices $6.02 million capped buffered enhanced notes on basket

By Sarah Lizee

Olympia, Wash., Jan. 3 – Bank of Nova Scotia priced $6.02 million of 0% capped buffered enhanced participation notes due Jan. 6, 2021 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 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% 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 2.5 times the basket return, subject to a maximum settlement amount of $1,349.25 per $1,000 of notes. 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.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying indexes:	Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$6,016,000
Maturity:	Jan. 6, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 2.5 times basket return, capped at $1,349.25 per $1,000 of notes; par if basket declines by 20% or less; 1.25% loss for every 1% that basket declines beyond 20%
Initial levels:	2,937.36 for Stoxx, 1,501.63 for Topix, 6,584.68 for FTSE, 8,195.64 for Swiss Market, 5,597.238 for S&P/ASX
Pricing date:	Dec. 27
Settlement date:	Jan. 4
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	064159MY9

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