New Issue: Scotia prices $17.19 million capped Leveraged Index Return Notes on Russell 2000

By William Gullotti

Buffalo, N.Y., July 3 – Bank of Nova Scotia priced $17.19 million of 0% capped Leveraged Index Return Notes due June 27, 2025 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 24.87%.

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:	$17,187,620
Maturity:	June 27, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 24.87%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial level:	1,881.591
Threshold level:	1,693.432; 90% of initial level
Pricing date:	June 29
Settlement date:	July 7
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06418G552

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