New Issue: Scotia sells $7.79 million capped buffered enhanced notes on S&P MidCap

By Marisa Wong

Morgantown, W.Va., April 26 – Bank of Nova Scotia priced $7.79 million of 0% capped buffered enhanced participation notes due Oct. 15, 2021 linked to the S&P MidCap 400 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 amount of $1,257 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

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

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying index:	S&P MidCap 400
Amount:	$7,785,000
Maturity:	Oct. 15, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at par plus 25.7%; par if index falls by up to 20%; 1.25% loss for each 1% index decline beyond 20%
Initial level:	1,965.42
Pricing date:	April 12
Settlement date:	April 17
Agent:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	064159NX0

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