New Issue: Scotiabank prices $7.05 million leveraged notes with contingent downside linked to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., Dec. 1 – Bank of Nova Scotia priced $7.05 million of 0% market-linked securities with leveraged upside participation and contingent downside due Dec. 4, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 194% of the index return. If the index decreases by up to 20%, the payout will be par. If the index declines by more than 20%, investors will lose 1% for every 1% that the index declines from its initial level.

Scotia Capital (USA) Inc. and Wells Fargo Securities LLC are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Market-linked securities with leveraged upside participation and contingent downside
Underlying index:	Euro Stoxx 50
Amount:	$7,045,000
Maturity:	Dec. 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 194% of index return; if final index level is less than or equal to initial index level but greater than or equal to threshold level, par; if final index level is less than threshold level, 1% loss for every 1% that index declines from its initial level
Initial index level:	3,589.91
Threshold level:	2,871.928, 80% of initial level
Pricing date:	Nov. 29
Settlement date:	Dec. 4
Agents:	Scotia Capital (USA) Inc. and Wells Fargo Securities LLC
Fees:	2.5%
Cusip:	064159KK1

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