New Issue: Scotiabank sells $6.45 million digital notes linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., May 24 – Bank of Nova Scotia priced $6.45 million of 0% digital notes due May 5, 2021 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 or equal to 85% of the initial index level, the payout at maturity will be par plus 12.52%. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

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

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	Russell 2000
Amount:	$6.45 million
Maturity:	May 5, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 85% of initial index level, par plus 12.52%; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	1,582.651
Pricing date:	May 2
Settlement date:	May 9
Underwriter:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	1.35%
Cusip:	064159PA8

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