New Issue: Scotiabank prices $200,000 buffered index-linked notes on Stoxx

By Sarah Lizee

Olympia, Wash., Jan. 31 – Bank of Nova Scotia priced $200,000 of 0% buffered index-linked notes due Jan. 31, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 120% of the index return.

If the index falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond the buffer.

Scotia Capital (USA) Inc. is the agent. Goldman Sachs & Co. LLC is the dealer.

Issuer:	Bank of Nova Scotia
Issue:	Buffered index-linked notes
Underlying index:	Euro Stoxx 50
Amount:	$200,000
Maturity:	Jan. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 120% of the index return; if the index falls by up to buffer, par; otherwise, 1% loss for every 1% decline beyond the buffer
Initial index level:	3,779.16
Buffer level:	75% of the initial level
Pricing date:	Jan. 24
Settlement date:	Jan. 29
Underwriter:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co. LLC
Fees:	None
Cusip:	064159RX6

© 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.