Published on 6/16/2017 in the Prospect News Structured Products Daily.
New Issue: Scotiabank sells $15.79 million Leveraged Index Return Notes on Stoxx
By Devika Patel
Knoxville, Tenn., June 16 – Bank of Nova Scotia priced $15.79 million of 0% Leveraged Index Return Notes due June 24, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 166% of any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
BofA Merrill Lynch is the agent.
Issuer: | Bank of Nova Scotia
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Issue: | Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $15,793,500
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Maturity: | June 24, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 166% of any index gain; par if index falls by up to 20%, otherwise 1% loss for every 1% decline beyond 20%
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Initial index level: | 3,548.84
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Threshold value: | 2,839.07, 80% of initial level
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Pricing date: | June 7
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Settlement date: | June 14
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Agent: | BofA Merrill Lynch
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Fees: | 2.5%
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Cusip: | 064160229
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