Published on 9/30/2019 in the Prospect News Structured Products Daily.
New Issue: Scotiabank sells $10.31 million Accelerated Return Notes on Stoxx
By Wendy Van Sickle
Columbus, Ohio, Sept. 30 – Bank of Nova Scotia priced $10.31 million of 0% Accelerated Return Notes due Nov. 27, 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 of $10 plus triple any index gain, capped at par plus 20.61%.
Investors will be exposed to any index decline.
BofA Securities, Inc. is the agent.
Issuer: | Bank of Nova Scotia
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $10,306,800
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Maturity: | Nov. 27, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at par plus 20.61%; exposure to any index decline
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Initial index level: | 3,532.18
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Final index level: | Average of index’s closing levels on five trading days ending Nov. 23, 2020
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Pricing date: | Sept. 26
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Settlement date: | Oct. 3
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Underwriter: | BofA Securities, Inc.
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Fees: | 2%
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Cusip: | 06417Q825
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