New Issue: Scotiabank prices $14.21 million Leveraged Index Return Notes on index basket

By Sarah Lizee

Olympia, Wash., Jan. 28 – Bank of Nova Scotia priced $14.21 million of 0% Leveraged Index Return Notes due Jan. 29, 2021 linked to a basket of unequally weighted 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.

The payout at maturity will be par plus 168.55% of any basket gain.

Investors will receive par if the basket declines by up to 10% and will lose 1% for every 1% decline beyond the buffer.

BofA Merrill Lynch is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Leveraged Index Return Notes
Underlying basket:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and Hang Seng index (5% weight)
Amount:	$14,206,310
Maturity:	Jan. 29, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 168.55% of any basket gain; par if the basket declines by up to 10%; 1% loss for every 1% decline beyond the buffer
Initial index levels:	3,126.31 for Stoxx, 6,818.95 for FTSE, 20,574.63 for Nikkei, 8,937.39 for Swiss, 5,865.692 for S&P/ASX, 27,120.98 for Hang Seng
Pricing date:	Jan. 24
Settlement date:	Jan. 31
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	06417P553

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