New Issue: Scotiabank sells $10.89 million digital notes linked to S&P 500 index

By Cady Vishniac

Detroit, Dec. 7 – Bank of Nova Scotia priced $10.89 million of 0% digital notes due April 5, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 85% of the initial level, the payout at maturity will be par plus 13.6%.

Investors will lose 1.1765% for each 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
Amount:	$10,893,000
Maturity:	April 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is at least 85% of initial level, par plus 13.6%; otherwise, 1.1765% loss for each 1% index decline beyond 15%
Initial level:	3,669.01
Threshold level:	85% of the initial level
Pricing date:	Dec. 2
Settlement date:	Dec. 9
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	064159E51

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