New Issue: Scotiabank sells $11.61 million capped buffered enhanced notes on S&P

By Marisa Wong

Morgantown, W.Va., April 19 – Bank of Nova Scotia priced $11.61 million of capped buffered enhanced participation notes due Oct. 22, 2018 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 index gain, up to a maximum payment of $1,132 per $1,000 principal amount.

Investors will receive par if the index falls by up to 7% and will lose 1.0753% for every 1% decline beyond 7%.

The agent is Scotia Capital (USA) Inc. with Goldman, Sachs & Co. as dealer.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying index:	S&P 500
Amount:	$11,605,000
Maturity:	Oct. 22, 2018
	vCoupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain, capped at $1,132 per $1,000 of notes; par if index falls by up to 7%; 1.0753% loss for each 1% index decline beyond 7%
Initial level:	2,353.78
Pricing date:	April 11
Settlement date:	April 18
Agent:	Scotia Capital (USA) Inc.
Dealer:	Goldman, Sachs & Co.
Fees:	1.1%
Cusip:	064159JL1

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