Published on 12/29/2021 in the Prospect News Structured Products Daily.
New Issue: Scotia prices $20.07 million Leveraged Index Return Notes on Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Dec. 29 – Bank of Nova Scotia priced $20.07 million of 0% Leveraged Index Return Notes due Dec. 28, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 144.1% of the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
BofA Securities, Inc. is the agent.
Issuer: | Bank of Nova Scotia
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Issue: | Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $20,066,020
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Maturity: | Dec. 28, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 144.1% of any index gain; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
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Initial level: | 4,217.06
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Threshold level: | 3,373.65, or 80% of initial level
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Final level: | Average of index’s closing levels on five trading days ending Dec. 21, 2026
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Pricing date: | Dec. 22
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Settlement date: | Jan. 3
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Underwriter: | BofA Securities, Inc.
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Fees: | 2.5%
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Cusip: | 06417X549
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