Published on 2/4/2020 in the Prospect News Structured Products Daily.
New Issue: Scotia prices $68.17 million accelerated return notes on Stoxx
By Emma Trincal
New York, Feb. 4 – Bank of Nova Scotia priced $68.17 million of 0% Accelerated Return Notes due March 26, 2021 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, up to a maximum return of 18.2%. Investors will be exposed to any index decline.
BofA Securities, Inc. is the underwriter.
Issuer: | Bank of Nova Scotia
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $68.169 million
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Maturity: | March 26, 2021
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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 18.20%; exposure to any index decline
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Initial index level: | 3,690.78
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Final index level: | Average of index’s closing levels on five trading days ending March. 23, 2021
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Pricing date: | Jan. 30
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Settlement date: | Feb. 6
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Underwriter: | BofA Securities, Inc.
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Fees: | 2%
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Cusip: | 06417Q544
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