New Issue: Scotiabank prices $1.19 million digital notes linked to S&P

By Sarah Lizee

Olympia, Wash., April 7 – Bank of Nova Scotia priced $1.19 million of 0% digital notes due April 18, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be $1,176 for each $1,000 principal amount of your notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$1,189,000
Maturity:	April 18, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 85% of initial index level, $1,176 per $1,000 of notes; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	2,541.47
Threshold level:	85% of initial level
Pricing date:	March 27
Settlement date:	April 3
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	064159TY2

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