New Issue: Scotia sells $19.47 million capped enhanced participation notes on Russell 2000

By William Gullotti

Buffalo, N.Y., Nov. 4 – Bank of Nova Scotia priced $19.47 million of 0% capped enhanced participation notes due Feb. 5, 2024 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, subject to a maximum return of par plus 31.2%.

Investors will be fully exposed to any index decline.

Scotia Capital (USA) Inc. is the underwriter. Simon Markets LLC is the dealer.

Issuer:	Bank of Nova Scotia
Issue:	Capped enhanced participation notes
Underlying index:	Russell 2000 index
Amount:	$19,472,000
Maturity:	Feb. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any gain in the index, capped at par plus 31.2%; otherwise, investors will lose 1% for every 1% decline from initial level
Initial index level:	1,851.388
Pricing date:	Nov. 1
Settlement date:	Nov. 8
Agent:	Scotia Capital (USA) Inc.
Dealer:	Simon Markets LLC
Fees:	1.19%
Cusip:	06417YBD0

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