New Issue: Scotiabank prices $6.14 million digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Aug. 7 – Bank of Nova Scotia priced $6.14 million of 0% digital notes due Aug. 5, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the finishes at or above its 85% threshold level, the payout at maturity will be $1,136 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

Scotia Capital (USA) Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$6.14 million
Maturity:	Aug. 5, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes above threshold level, $1,136 per $1,000 principal amount; 1.1765% loss for each 1% beyond 15%
Initial index level:	2,827.22
Threshold value:	85% of initial level
Pricing date:	Aug. 2
Settlement date:	Aug. 9
Agent:	Scotia Capital (USA) Inc.
Fees:	0%
Cusip:	064159LX2

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