New Issue: Scotia prices $6.48 million Leveraged Index Return Notes linked to Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., June 1 – Bank of Nova Scotia priced $6.48 million of 0% Leveraged Index Return Notes due May 28, 2027 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 159.2% 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
Issue:	Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50 index
Amount:	$6,484,390
Maturity:	May 28, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 159.2% of any index gain; par if index declines by 20% or less; otherwise, 1% loss for every 1% that index declines beyond 20%
Initial level:	3,740.31
Threshold level:	2,992.25; 80% of initial level
Pricing date:	May 26
Settlement date:	June 3
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06418B751

© 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.