New Issue: Scotiabank prices $53.76 million digital notes linked to S&P 500

By Marisa Wong

Los Angeles, Nov. 4 – Bank of Nova Scotia priced $53.76 million of 0% digital notes due May 11, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 90% of the initial index level, the payout at maturity will be par plus 11.8%. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

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

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$53,755,000
Maturity:	May 11, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 90% of initial index level, par plus 11.8%; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	3,310.24
Pricing date:	Nov. 2
Settlement date:	Nov. 9
Underwriter:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	1.12%
Cusip:	064159XJ0

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