New Issue: Scotia sells $52.59 million Capped Leveraged Index Return Notes on S&P

By Marisa Wong

Morgantown, W.Va., May 3 – Bank of Nova Scotia priced $52.59 million of 0% Capped Leveraged Index Return Notes due June 26, 2020 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 double any index gain, up to a maximum return of 8.02%.

Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P 500
Amount:	$52,592,300
Maturity:	June 26, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, subject to 8.02% maximum return; par if index falls by up to 5%, otherwise 1% loss for every 1% decline beyond 5%
Initial index level:	2,926.17
Buffer level:	2,779.86, 95% of initial level
Pricing date:	April 25
Settlement date:	May 2
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	06417P421

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