New Issue: Scotia prices $4.6 million capped buffered enhanced participation notes on S&P

By Taylor Fox

New York, Nov. 23 – Bank of Nova Scotia priced $4.6 million of 0% capped buffered enhanced participation notes due Nov. 14, 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 the initial level, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,180 per $1,000 principal amount of notes.

Investors will receive par if the index finishes flat or falls by up to 10% and will lose 1.1111% for each 1% index decline beyond 10%.

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

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying index:	S&P 500
Amount:	$4,600,000
Maturity:	Nov. 14, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, up to maximum return $1,180 per $1,000 principal amount of notes; par if index finishes flat or falls by 10%; 1.1111% loss for each 1% index decline beyond 10%
Initial index level:	3,550.50
Buffer level:	90% of initial level
Pricing date:	Nov. 9
Settlement date:	Nov. 17
Underwriter:	Scotia Capital (USA) Inc. with Goldman Sachs & Co. as a distributor
Fees:	2%
Cusip:	064159YJ9

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