By Wendy Van Sickle
Columbus, Ohio, Dec. 21 – Bank of Nova Scotia priced $25 million of 0% digital notes due Jan. 17, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to 75% of the initial index level, the payout at maturity will be par plus 9.09%.
Investors will lose 1.3333% for every 1% that the index by more than 25%.
Scotia Capital (USA) Inc. is the agent.
| Issuer: | Bank of Nova Scotia
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| Issue: | Digital notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $25 million
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| Maturity: | Jan. 17, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final level is greater than or equal to 75% of initial level, par plus 9.09%; 1.3333% loss for every 1% that the index by more than 25%
|
| Initial level: | 3,835.7
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| Buffer level: | 75% of initial level
|
| Pricing date: | Dec. 15
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| Settlement date: | Dec. 22
|
| Agents: | Scotia Capital (USA) Inc.
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| Fees: | 0.95%
|
| Cusip: | 06417YCA5
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