Published on 7/21/2021 in the Prospect News Structured Products Daily.
New Issue: Scotiabank prices $3.45 million digital notes linked to Euro Stoxx 50
By William Gullotti
Buffalo, N.Y., July 21 – Bank of Nova Scotia priced $3.45 million of 0% digital notes due Oct. 18, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 85% threshold level, the payout at maturity will be par plus 11.6%.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
Scotia Capital (USA) Inc. is the agent.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Digital notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,454,000
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| Maturity: | Oct. 18, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes above threshold level, par plus 11.6%; 1.1765% loss for each 1% beyond 15%
|
| Initial index level: | 3,958.55
|
| Threshold value: | 85% of initial level
|
| Pricing date: | July 15
|
| Settlement date: | July 22
|
| Agent: | Scotia Capital (USA) Inc.
|
| Fees: | None
|
| Cusip: | 0641594D5
|
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