Published on 7/31/2017 in the Prospect News Structured Products Daily.
New Issue: Scotia sells $37.33 million Leveraged Index Return Notes on Stoxx
By Wendy Van Sickle
Columbus, Ohio, July 31 – Bank of Nova Scotia priced $37.33 million of 0% Leveraged Index Return Notes due July 29, 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 2.68 times any index gain.
Investors will lose 1% for every 1% decline in the index.
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: | $37,330,360
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Maturity: | July 29, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 268% of any index gain; 1% loss for every 1% decline
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Initial level: | 3,493.14
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Pricing date: | July 27
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Settlement date: | Aug. 3
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Agent: | BofA Merrill Lynch
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Fees: | 2.5%
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Cusip: | 064160120
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