New Issue: Scotia prices $18.29 million capped enhanced participation notes on S&P 500

By William Gullotti

Buffalo, N.Y., Nov. 29 – Bank of Nova Scotia priced $18.29 million of 0% capped enhanced participation notes due Nov. 14, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any gain in the index, subject to a maximum return of par plus 27%.

Investors will be fully exposed to any index decline.

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

Issuer:	Bank of Nova Scotia
Issue:	Capped enhanced participation notes
Underlying index:	S&P 500 index
Amount:	$18.29 million
Maturity:	Nov. 14, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain in the index, capped at par plus 27%; otherwise, investors will lose 1% for every 1% decline from initial level
Initial index level:	4,559.34
Pricing date:	Nov. 24
Settlement date:	Dec. 1
Agent:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	1.5%
Cusip:	06417YC80

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