New Issue: Scotia sells $4.99 million capped notes on index basket

By Wendy Van Sickle

Columbus, Ohio, April 5 – Bank of Nova Scotia priced $4.99 million of 0% capped notes due Jan. 27, 2027 linked to an international equity basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the MSCI EAFE index with a 20% weight, the Russell 2000 index with a 30% weight and the S&P 500 index with a 50% weight.

The payout at maturity will be par of $10 plus 1.5 times any basket gain, subject to a maximum payout of par plus 66%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped notes
Underlying basket:	Russell 2000 index (30% weight), S&P 500 index (50% weight), MSCI EAFE index (20% weight)
Amount:	$4,989,400
Maturity:	Jan. 27, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.5 times any basket gain, capped at 66%; 1% for every 1% of basket decline
Initial index levels:	2,181.63 for EAFE, 2,070.125 for Russell, 4,530.41 for S&P
Pricing date:	March 31
Settlement date:	April 5
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	06417X424

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