New Issue: Scotiabank sells $9.78 million capped leveraged index return notes on index basket

By Wendy Van Sickle

Columbus, Ohio, May 5 – Bank of Nova Scotia priced $9.78 million of 0% capped leveraged index return notes due June 24, 2022 linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are 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 FTSE China index with a 5% weight.

The payout at maturity will be par plus double any basket gain, up to a maximum return of 9.5%.

Investors will receive par if the basket falls by up to 5% and will lose 1% for each 1% decline beyond 5%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped leveraged index return notes
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),	FTSE China 50	(5% weight)
Amount:	$9,777,730
Maturity:	June 24, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any basket gain, with return capped at 9.5%; par if basket falls by up to 5%; exposure to losses beyond 5%
Initial index levels:	3,996.9 for Stoxx, 6,961.48 for FTSE, 28,812.63 for Nikkei, 11,079.51 for Swiss, 7,082.28 for S&P/ASX, 21,258.54 for	FTSE China 50
Pricing date:	April 29
Settlement date:	May 6
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	06417V428

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