Published on 8/3/2018 in the Prospect News Structured Products Daily.
New Issue: Scotiabank sells $210,000 market-linked notes on Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Aug. 3 – Bank of Nova Scotia priced $210,000 of 0% market-linked securities with leveraged upside participation and contingent downside due Aug. 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 185% of any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline below the initial level if it falls by more than 20%.
Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the agents.
Issuer: | Bank of Nova Scotia
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Issue: | Market-linked securities with leveraged upside participation and contingent downside
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Underlying index: | Euro Stoxx 50
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Amount: | $210,000
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Maturity: | Aug. 3, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 185% of any index gain; par if the index falls by up to 20%; 1% loss for every 1% decline below initial level if index falls by more than 20%
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Initial index level: | 3,512.31
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Threshold level: | 2,809.848, 80% of initial level
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Pricing date: | July 30
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Settlement date: | Aug. 2
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Agents: | Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC
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Fees: | 2.53%
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Cusip: | 064159LV6
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