By Wendy Van Sickle
Columbus, Ohio, March 16 – Bank of Nova Scotia priced $37.25 million of 0% digital notes due Sept. 13, 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 initial level, the payout at maturity will be par plus the greater of the index return and 26.3%.
Otherwise, investors will lose 1% for each 1% index decline.
Scotia Capital (USA) Inc. is the agent with Goldman Sachs & Co. LLC as dealer.
Issuer: | Bank of Nova Scotia
|
Issue: | Digital notes
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $37.25 million
|
Maturity: | Sept. 13, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index finishes at or above the initial level, par plus the greater of the index return and 26.3%; otherwise, full exposure to the index’s loss
|
Initial index level: | 3,686.78
|
Pricing date: | March 11
|
Settlement date: | March 18
|
Agent: | Scotia Capital (USA) Inc.
|
Dealer: | Goldman Sachs & Co. LLC
|
Fees: | 1.38%
|
Cusip: | 06416DAF3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.