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Published on 10/29/2019 in the Prospect News Structured Products Daily.

New Issue: Scotiabank prices $7.12 million five-year Mitts tied to index basket

Chicago, Oct. 29 – Bank of Nova Scotia priced $7.12 million of 0% Market Index Target-Term Securities due Oct. 25, 2024 tied 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.

The payout at maturity will be par of $10 plus 108.83% of any basket gain.

If the basket falls, the payout will be par.

BofA Securities, Inc. is the underwriter.

Issuer:Bank of Nova Scotia
Issue:Market Index Target-Term Securities
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:$7,119,090
Maturity:Oct. 25, 2024
Coupon:0%
Price:Par of $10
Payout at maturity:If basket gains, par plus 108.83% of return; par if basket falls or is flat
Initial index levels:3,621.37 for Stoxx, 7,328.25 for FTSE, 22,750.60 for Nikkei, 10,106.53 for Swiss, 6,693.647 for S&P/ASX, 26,797.95 for Hang Seng
Pricing date:Oct. 24
Settlement date:Oct. 31
Underwriter:BofA Securities, Inc.
Fees:2.5%
Cusip:06417Q692

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