Published on 9/27/2017 in the Prospect News Structured Products Daily.
New Issue: Scotiabank prices $13.23 million buffered digital notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Sept. 27 – Bank of Nova Scotia priced $13.23 million of 0% buffered digital notes due Sept. 25, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus 36.5%.
If the index return is negative but not less than negative 10%, the payout will be par.
Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.
Scotia Capital (USA) Inc. is the agent with Goldman Sachs & Co. LLC as dealer.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Buffered digital notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $13,228,000
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| Maturity: | Sept. 25, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus 36.5%; if the index return is negative but not less than negative 10%, par; otherwise, 1.1111% loss for each 1% decline beyond 10%
|
| Initial level: | 3,541.42
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 29
|
| Agent: | Scotia Capital (USA) Inc.
|
| Dealer: | Goldman Sachs & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 064159KF2
|
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