New Issue: Scotia sells $2.66 million capped enhanced participation notes on Russell 2000

By William Gullotti

Buffalo, N.Y., Aug. 16 – Bank of Nova Scotia priced $2.66 million of 0% capped enhanced participation notes due Feb. 3, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any gain in the index up to a maximum payout of par plus 20.25%.

Otherwise, investors will be exposed to any index decline from initial level.

Scotia Capital (USA) Inc. is the underwriter. Goldman Sachs & Co. LLC is acting as dealer.

Issuer:	Bank of Nova Scotia
Issue:	Capped enhanced participation notes
Underlying index:	Russell 2000 index
Amount:	$2,660,000
Maturity:	Feb. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any gain in the index up to a maximum payout of par plus 20.25%; otherwise, investors will lose 1% for every 1% decline from initial level
Initial index level:	2,250.343
Pricing date:	Aug. 11
Settlement date:	Aug. 18
Agent:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	1.38%
Cusip:	0641594U7

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