New Issue: Scotiabank prices $7.81 million Leveraged Index Return Notes linked to Dow

By William Gullotti

Buffalo, N.Y., Dec. 29 – Bank of Nova Scotia priced $7.81 million of 0% Leveraged Index Return Notes due Dec. 21, 2029 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 120.5% of any index gain.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$7,812,110
Maturity:	Dec. 21, 2029
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 120.5% of any index gain; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
Initial index level:	37,404.35
Threshold level:	29,923.48; 80% of initial level
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06418F828

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.