New Issue: Scotia sells $50.93 million capped leveraged index return notes on S&P

By Sarah Lizee

Olympia, Wash., Aug. 4 – Bank of Nova Scotia priced $50.93 million of 0% capped leveraged index return notes due July 29, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 15.91%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped leveraged index return notes
Underlying index:	S&P 500
Amount:	$50,931,970
Maturity:	July 29, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, subject to 15.91% maximum return; par if index falls by up to 10%, otherwise 1% loss for every 1% decline beyond 10%
Initial index level:	3,246.22
Buffer level:	2,921.6, 90% of initial level
Pricing date:	July 30
Settlement date:	Aug. 6
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06417R591

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