Published on 7/30/2019 in the Prospect News Structured Products Daily.
New Issue: Scotiabank prices $10.51 million notes due 2024 tied to the Dow
By Sarah Lizee
Olympia, Wash., July 30 – Bank of Nova Scotia priced $10.51 million of 0% notes due July 26, 2024 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 200% of any index gain, capped at par plus 99.83%.
Investors will lose 1% for each 1% decline.
BofA Securities, Inc. is the underwriter.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $10,509,500
|
| Maturity: | July 26, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 99.83%; 1% loss for each 1% decline
|
| Initial level: | 27,140.98
|
| Pricing date: | July 25
|
| Settlement date: | Aug. 1
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 2.5%
|
| Cusip: | 06417Q106
|
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