New Issue: Scotiabank prices $37.96 million market-linked one look notes on Gold Miners ETF

By Marisa Wong

Los Angeles, June 29 – Bank of Nova Scotia priced $37.96 million of 0% market-linked one look notes due July 8, 2022 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Scotiabank priced 3,802,792 units with a face amount of $10 each, or $38,027,920 principal amount total. The issuer sold 1.34 million units at $9.95 per unit and the remainder at par for an aggregate purchase price of $37,960,920.

If the ETF finishes flat or gains, the payout at maturity will be par plus 23.65%. Otherwise, investors will be fully exposed to any ETF decline.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Market-linked one look notes
Underlying ETF:	VanEck Vectors Gold Miners ETF
Principal amount:	$38,027,920
Proceeds:	$37,960,920
Units:	3,802,792 (including 1.34 million units sold to individual investor or investor’s household)
Maturity:	July 8, 2022
Coupon:	0%
Price:	$9.95 per $10 note for 1.34 million units; par of $10 for remainder sold to public
Payout at maturity:	Par plus 23.65% unless ETF finishes below its initial price, in which case full exposure to losses
Initial price:	$34.44
Pricing date:	June 24
Settlement date:	July 1
Underwriter:	BofA Securities, Inc.
Fees:	1% for 1.34 million units; 1.5% for remainder sold to public
Cusip:	06417V212

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