New Issue: Scotia prices $15.36 million Leveraged Index Return Notes linked to S&P

By Wendy Van Sickle

Columbus, Ohio, Jan. 30 – Bank of Nova Scotia priced $15.36 million of 0% Leveraged Index Return Notes due Jan. 28, 2022 tied 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 113.6% of the index return. Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline in the index beyond 20%.

The final index level will be the average of the closing index levels on the five trading days ending Jan. 25, 2022.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Leveraged Index Return Notes
Underlying index:	S&P 500
Amount:	$15,358,980
Maturity:	Jan. 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 113.6% of index return; par if index falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial index level:	2,296.68
Threshold level:	1,837.34, 80% of initial level
Pricing date:	Jan. 25
Settlement date:	Feb. 2
Agent:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	064160526

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