By Kiku Steinfeld
Chicago, July 12 – Bank of Nova Scotia priced $7.11 million of 0% dual directional capped buffered notes due Feb. 27, 2025 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout will be par plus double the index return, capped at par plus 24.04%.
The payout will be par plus the absolute value of the index return if the index declines by no more than 15%.
Otherwise, investors will lose 1.17647% for every 1% that the index declines beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
Scotia Capital (USA) Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Dual directional capped buffered notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $7,106,000
|
| Maturity: | Feb. 27, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus double index return, capped at par plus 24.04%; par plus absolute value of index return if index declines by no more than 15%; otherwise, 1.17647% for every 1% that the index declines beyond 15%
|
| Initial level: | 12,180.14
|
| Cap: | 24.04%
|
| Buffer level: | 10,353.12, 85% of initial level
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agents: | Scotia Capital (USA) Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 06417YDV8
|
|
|
© 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.
