New Issue: Scotia sells $36.27 million capped buffered enhanced participation notes on Russell

By William Gullotti

Buffalo, N.Y., March 15 – Bank of Nova Scotia priced $36.27 million of 0% capped buffered enhanced participation notes due June 11, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,188 per $1,000 principal amount of notes.

Investors will receive par if the index finishes flat or falls by up to 10% and will lose 1.1111% for each 1% index decline beyond 10%.

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

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying index:	Russell 2000 index
Amount:	$36,265,000
Maturity:	June 11, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, up to maximum payout of $1,188 per $1,000 principal amount of notes; par if index finishes flat or falls by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
Initial index level:	2,082.713
Buffer level:	90% of initial level
Pricing date:	March 8
Settlement date:	March 15
Agent:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	0.94%
Cusip:	06417YQ69

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