By Wendy Van Sickle
Columbus, Ohio, Dec. 12 – Bank of Nova Scotia priced $10.26 million of 0% buffered enhanced participation notes due Feb. 25, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 266.3% of the index return.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% index decline beyond 15%.
Scotia Capital (USA) Inc. is the agent.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Bffered enhanced participation notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $10,255,000
|
| Maturity: | Feb. 25, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 266.3% of any index gain; par if index falls by 15%; 1.1765% loss for each 1% index decline beyond 15%
|
| Initial index level: | 3,016.99
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 17
|
| Agent: | Scotia Capital (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 064159MU7
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
