New Issue: Scotia sells $7.27 million capped leveraged index return notes on Russell

By Wendy Van Sickle

Columbus, Ohio, June 2 – Bank of Nova Scotia priced $7.27 million of 0% capped leveraged index return notes due May 27, 2022 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 18.41%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped leveraged index return notes
Underlying index:	Russell 2000
Amount:	$7,267,030
Maturity:	May 27, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, subject to 18.41% maximum return; par if index falls by up to 10%, otherwise 1% loss for every 1% decline beyond 10%
Initial index level:	1,400.673
Buffer level:	1,260.606, 90% of initial level
Pricing date:	May 28
Settlement date:	June 4
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06417R716

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