New Issue: Scotiabank prices $3.37 million buffered index-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 2 – Bank of Nova Scotia priced $3.37 million of 0% buffered index-linked notes due May 1, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus double the index return, capped at par plus 10.25%.

If the index falls by up to 10%, the payout will be par plus the absolute value of the return.

Otherwise, investors will lose 1% for every 1% decline beyond the buffer.

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

Issuer:	Bank of Nova Scotia
Issue:	Buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$3,365,000
Maturity:	May 1, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus double the index return, capped at par plus 10.25%; if the index falls by up to buffer, par plus absolute value of the return; otherwise, 1% loss for every 1% decline beyond 10%
Initial index level:	5,248.49
Buffer level:	90% of the initial level
Pricing date:	March 27
Settlement date:	April 1
Underwriter:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	0.43%
Cusip:	06418LBK1

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