Published on 5/5/2021 in the Prospect News Structured Products Daily.
New Issue: Scotia prices $17.76 million accelerated return notes on iShares Global Clean Energy
By Wendy Van Sickle
Columbus, Ohio, May 5 – Bank of Nova Scotia priced $17.76 million of 0% Accelerated Return Notes due June 24, 2022 linked to the iShares Global Clean Energy ETF, 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 30.4%. Investors will be exposed to any fund decline.
BofA Securities, Inc. is the underwriter.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Accelerated Return Notes
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| Underlying fund: | iShares Global Clean Energy ETF
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| Amount: | $17,760,250
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| Maturity: | June 24, 2022
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | Par plus triple any fund gain, up to a maximum return of 30.4%; investors will be exposed to any fund decline
|
| Initial level: | $23.67
|
| Pricing date: | April 29
|
| Settlement date: | May 6
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 1.75%
|
| Cusip: | 06417V469
|
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