By Wendy Van Sickle
Columbus, Ohio, June 30 – Bank of Nova Scotia priced $4.95 million of 0% autocallable market-linked step-up notes due June 25, 2026 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 5.9% if the index closes at or above the initial level on an annual observation date.
If the notes are not called and the index finishes above the step-up value, 135% of the initial level, the payout at maturity will be par plus the index gain.
If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up payment of 35%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% index decline beyond 15%.
BofA Securities, Inc. is the agent.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $4,948,560
|
| Maturity: | June 25, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes above the step-up value, par plus index gain; if the index finishes at or below the step-up level but at or above the initial level, par plus 35%; par if index falls by up to 15%; 1% loss for every 1% index decline beyond 15%
|
| Call: | Automatically at par plus an annualized call premium of 5.9% if the index closes at or above the initial level on an annual observation date
|
| Initial index level: | 4,122.43
|
| Step-up level: | 5,565.28, 135% of initial level
|
| Threshold level: | 3,504.07, 85% of initial level
|
| Pricing date: | June 24
|
| Settlement date: | July 1
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 06417V188
|
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