New Issue: Scotiabank prices $10 million index participation notes on index basket

By Marisa Wong

Madison, Wis., March 21 - Bank of Nova Scotia priced $10 million of index participation notes due March 24, 2022 tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 55% weight, the MSCI EAFE index with a 30% weight and the Russell 2000 index with a 15% weight.

The payout at maturity will be par plus 102.2% times any basket gain.

If the basket falls, the payout will be par.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Index participation notes
Underlying basket:	S&P 500 index (55% weight), MSCI EAFE index (30% weight), Russell 2000 index (15% weight)
Amount:	$10 million
Maturity:	March 24, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 102.2% times any basket gain; if basket falls, par
Initial levels:	1,860.77 for S&P, 1,195.661 for Russell, 1,888.12 for MSCI EAFE
Pricing date:	March 19
Settlement date:	March 26
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	064159EE2

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