By Emma Trincal
New York, Oct. 20 – Bank of Nova Scotia priced $5.6 million of 0% capped buffered enhanced participation notes due April 18, 2025 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final ETF level is greater than the initial level, the payout at maturity will be par plus 300% of the ETF return, subject to a maximum settlement amount of $1,314.10 per $1,000 principal amount of notes.
Investors will receive par if the ETF finishes flat or falls by up to 10% and will lose 1.1111% for each 1% ETF decline beyond 10%.
Scotia Capital (USA) Inc. is the underwriter.
Goldman Sachs & Co. LLC is the dealer.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Capped buffered enhanced participation notes
|
| Underlying ETF: | Energy Select Sector SPDR Fund
|
| Amount: | $5,596,000
|
| Maturity: | April 18, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any ETF gain, up to maximum payout of $1,314.10 per $1,000 principal amount of notes; par if ETF finishes flat or falls by up to 10%; 1.1111% loss for each 1% ETF decline beyond 10%
|
| Initial ETF level: | $90.19
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Oct. 16
|
| Settlement date: | Oct. 23
|
| Underwriter: | Scotia Capital (USA) Inc.
|
| Dealer: | Goldman Sachs & Co. LLC
|
| Fees: | 1.13%
|
| Cusip: | 06417YVX4
|
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