New Issue: Scotia sells $1.42 million capped buffered enhanced participation notes on MSCI EAFE

By William Gullotti

Buffalo, N.Y., July 28 – Bank of Nova Scotia priced $1.42 million of 0% capped buffered enhanced participation notes due Sept. 26, 2023 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus 110% of the index return, subject to a maximum settlement amount of par plus 22.88%.

Investors will receive par if the index finishes flat or falls by up to 12.5% and will lose 1.1429% for each 1% index decline beyond 12.5%.

Scotia Capital (USA) Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying index:	MSCI EAFE
Amount:	$1,424,000
Maturity:	Sept. 26, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 110% of any index gain, up to maximum payout of $1,228.80 per $1,000 principal amount of notes; par if index finishes flat or falls by up to 12.5%; 1.1429% loss for each 1% index decline beyond 12.5%
Initial index level:	2,298.19
Buffer level:	87.5% of initial level
Pricing date:	July 22
Settlement date:	July 29
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	0641594M5

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