New Issue: Scotiabank prices $17.47 million Capped Leveraged Index Return Notes tied to Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., Aug. 4 – Bank of Nova Scotia priced $17.47 million of 0% Capped Leveraged Index Return Notes due July 28, 2017 linked to the Euro Stoxx 50 index, according to a 424B5 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 18.72%. Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the 10% buffer.

The final index level will be the average of the closing index levels on the five trading days ending July 25, 2017.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of Nova Scotia.
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50 index
Amount:	$17,474,020
Maturity:	July 28, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 18.72%; par if index falls by up to 10%; exposure to any losses beyond 10%
Initial level:	3,583.79
Buffer level:	3,225.41, 90% of initial level
Pricing date:	July 30
Settlement date:	Aug. 6
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	064159130

© 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.