New Issue: Scotia sells $20.06 million Leveraged Index Return Notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Jan. 28 – Bank of Nova Scotia priced $20.06 million of 0% Leveraged Index Return Notes due Jan. 28, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 135.35% of any index gain.

Investors will lose 1% for every 1% decline in the index.

BofA Merrill Lynch is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Leveraged Index Return Notes
Underlying index:	S&P 500
Amount:	$20,059,330
Maturity:	Jan. 28, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 135.35% of any index gain; 1% loss for every 1% decline
Initial index level:	2,642.33
Pricing date:	Jan. 24
Settlement date:	Jan. 31
Agent:	BofA Merrill Lynch
Fees:	2.25%
Cusip:	06417P561

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