Published on 2/24/2022 in the Prospect News Structured Products Daily.
New Issue: Scotiabank prices $839,000 trigger index-linked notes tied to Stoxx
By William Gullotti
Buffalo, N.Y., Feb. 24 – Bank of Nova Scotia priced $839,000 of 0% trigger index-linked notes due April 30, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout will be par plus 150% of the index return.
If the index finishes flat or falls by up to 30%, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Scotia Capital (USA) Inc. is the agent and Goldman Sachs & Co. LLC is the dealer.
Issuer: | Bank of Nova Scotia
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Issue: | Trigger index-linked notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $839,000
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Maturity: | April 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes above its initial level, par plus 150% of the index return; if the index finishes flat or falls by up to 30%, par plus the absolute value of the return of the index; otherwise, investors will be fully exposed to the decline of the index from its initial level
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Initial index level: | 4,013.34
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Trigger level: | 70% of the initial level
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Pricing date: | April 23, 2021
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Settlement date: | April 28, 2021
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Agents: | Scotia Capital (USA) Inc. is the agent with Goldman Sachs & Co. LLC as dealer
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Fees: | None
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Cusip: | 0641592G0
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