New Issue: Scotia prices $42.21 million Accelerated Return Notes on Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., Aug. 1 – Bank of Nova Scotia priced $42.21 million of 0% Accelerated Return Notes due Sept. 27, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Scotia sold 4,221,173 units with a face amount of $10 each, for a total principal amount of $42,211,730. The issuer sold 433,955 units to an individual investor at $9.95 per unit and the remainder to the public at par of $10, for total proceeds of $42,190,032.25.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 19.8%.

Investors will be fully exposed to any index decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying index:	Euro Stoxx 50 index
Principal amount:	$42,211,730
Proceeds:	$42,190,032.25
Maturity:	Sept. 27, 2024
Coupon:	0%
Price:	$9.95 per unit for 433,955 units; par of $10 for remainder
Payout at maturity:	Par plus triple any index gain, up to a maximum return of 19.8%; otherwise, full exposure to decline
Initial level:	4,447.44
Pricing date:	July 27
Settlement date:	Aug. 3
Underwriter:	BofA Securities, Inc.
Fees:	1.25% for 433,955 units; 1.75% for remainder
Cusip:	06418G495

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