New Issue: Scotiabank sells $9.78 million capped buffered enhanced notes on S&P

By Tali Rackner

Minneapolis, April 9 – Bank of Nova Scotia priced $9.78 million of 0% capped buffered enhanced participation notes due July 8, 2020 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 1.5 times any index gain, up to a maximum payment of $1,276.60 per $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying index:	S&P 500
Amount:	$9,781,000
Maturity:	July 8, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, up to a maximum payment of $1,276.60 per $1,000 principal amount; par if the index falls by up to 15%; 1.1765% loss for every 1% decline beyond 15%
Initial level:	2,662.84
Pricing date:	April 5
Settlement date:	April 12
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	064159LE4

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