New Issue: Scotiabank sells $17.44 million capped Leveraged Index Return Notes on Russell 2000

By Marisa Wong

Los Angeles, Nov. 2 – Bank of Nova Scotia priced $17.44 million of 0% capped Leveraged Index Return Notes due Oct. 28, 2022 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum payout of par plus 17.6%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Russell 2000 index
Amount:	$17,436,940
Maturity:	Oct. 28, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 17.6%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	1,561.577
Threshold level:	1,405.419, or 90% of initial level
Final level:	Average of index’s closing levels on five trading days ending Oct. 25, 2022
Pricing date:	Oct. 29
Settlement date:	Nov. 5
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06417R328

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