New Issue: Scotia prices $76.43 million accelerated return notes on gold ETF

By Sarah Lizee

Olympia, Wash., April 28 – Bank of Nova Scotia priced $76.43 million of 0% Accelerated Return Notes due June 25, 2021 linked to the SPDR Gold Shares fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of 23.85%. Investors will be exposed to any fund decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying fund:	SPDR Gold Shares fund
Amount:	$76,425,570
Maturity:	June 25, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any fund gain, up to a maximum return of 23.85%; investors will be exposed to any fund decline
Initial level:	$163.34
Final level:	Average of index’s closing levels on five trading days ending June 22, 2021
Pricing date:	April 23
Settlement date:	April 30
Underwriter:	BofA Securities, Inc.
Fees:	2%
Cusip:	06417R823

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