New Issue: Scotiabank prices $13.83 million Accelerated Return Notes on S&P Regional Banks

By Wendy Van Sickle

Columbus, Ohio, Jan. 19 – Bank of Nova Scotia priced $13.83 million of 0% Accelerated Return Notes due Jan. 31, 2020 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 28.5%. Investors will lose 1% for each 1% index decline.

BofA Merrill Lynch is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying index:	S&P Regional Banks Select Industry index
Amount:	$13.83 million
Maturity:	Jan. 31, 2020
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus triple any index gain, capped at 28.5%; 1% loss for each 1% decline
Initial level:	1,957.05
Final index level:	Average of index’s closing levels on five trading days ending Jan. 28, 2020
Pricing date:	Jan. 17
Settlement date:	Jan. 24
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	064161649

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