New Issue: Scotiabank sells $8.47 million capped leveraged index return notes on index basket

By Sarah Lizee

Olympia, Wash., April 30 – Bank of Nova Scotia priced $8.47 million of 0% capped leveraged index return notes due April 29, 2022 linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the S&P 500 index with a 60% weight and the Russell 2000 index with a 40% weight.

The payout at maturity will be par plus double any basket gain, up to a maximum return of 25.86%.

Investors will receive par if the basket falls by up to 5% and will lose 1% for each 1% decline beyond 5%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped leveraged index return notes
Underlying indexes:	S&P 500 index with a 60% weight and Russell 2000 index with a 40% weight
Amount:	$8,473,810
Maturity:	April 29, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any basket gain, with return capped at 25.86%; par if basket falls by up to 5%; exposure to losses beyond 5%
Initial index levels:	2,836.74 for S&P, 1,233.053 for Russell
Pricing date:	April 24
Settlement date:	May 1
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06417R815

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