New Issue: Scotiabank prices $5.58 million digital notes linked to S&P 500

By Kiku Steinfeld

Chicago, Nov. 17 – Bank of Nova Scotia priced $5.58 million of 0% digital notes due Dec. 7, 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 85% of the initial index level, the payout at maturity will be par plus 14.4%.

If the index finishes below the 85% threshold level, investors will lose 1.1765% for every 1% index decline beyond 15%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$5,575,000
Maturity:	Dec. 7, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 14.4% unless index falls by more than 15%, in which case 1.1765% loss for every 1% decline beyond 15%
Initial level:	3,390.68
Threshold level:	85% of initial level
Pricing date:	Oct. 27
Settlement date:	Nov. 3
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	064159XZ4

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