By Marisa Wong
Morgantown, W.Va., May 6 – Bank of Nova Scotia assigned a new Cusip number to its recently priced $14.91 million of 0% autocallable market-linked step-up notes due April 25, 2019 linked to the Euro Stoxx 50 index, according to a 424B5 filing with the Securities and Exchange Commission.
The Cusip number was changed to 064160815 from 064151400.
The notes will be called at par plus a call premium of 13.5% per year if the index closes at or above its initial level on any annual call observation date.
If the notes are not called and the index finishes above the step-up value – 130% of the initial level – the payout at maturity will be par of $10.00 plus the index gain.
If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 30%.
Investors will be exposed to any decline in the index.
BofA Merrill Lynch is the agent.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $14,905,900
|
| Maturity: | April 25, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If index finishes above step-up value, par plus index gain; if index gains by up to step-up level, par plus 30%; exposure to losses
|
| Call: | At par plus a call premium of 13.5% per year if the index closes at or above its initial level on any annual observation date
|
| Initial level: | 3,125.43
|
| Step-up value: | 4,063.06, 130% of initial level
|
| Pricing date: | April 28
|
| Settlement date: | May 5
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 064160815
|
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