New Issue: Scotiabank sells $2.52 million capped buffered enhanced notes on Dow

By Sarah Lizee

Olympia, Wash., March 13 – Bank of Nova Scotia priced $2.52 million of 0% capped buffered enhanced participation notes due March 10, 2021 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 3 times any index gain, up to a maximum payment amount of $1,177 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying index:	Dow Jones Industrial Average
Amount:	$2,521,000
Maturity:	March 10, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any index gain, capped at 17.7%; par if index falls by up to 15%; 1.1765% loss for each 1% index decline beyond 15%
Initial level:	25,450.24
Pricing date:	March 8
Settlement date:	March 15
Agent:	Scotia Capital (USA) Inc.
Fees:	1.75%
Cusip:	064159NM4

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