Published on 4/25/2017 in the Prospect News Structured Products Daily.
New Issue: Scotiabank sells $11.16 million capped buffered enhanced notes on index basket
By Marisa Wong
Morgantown, W.Va., April 25 – Bank of Nova Scotia priced $11.16 million of 0% capped buffered enhanced participation notes due Feb. 21, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 2 times the basket gain, subject to a maximum payout of $1,206 per $1,000 note. Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline in the basket beyond 10%.
Scotia Capital (USA) Inc. is the agent with Goldman, Sachs & Co. as dealer.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Capped buffered enhanced participation notes
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| Underlying basket: | Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
|
| Amount: | $11,155,000
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| Maturity: | Feb. 21, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the basket return is positive, par plus 2 times the basket gain, subject to a maximum payout of $1,206 per $1,000 note; par if the basket falls by up to 10%; 1.1111% loss for each 1% decline in the basket beyond 10%
|
| Initial levels: | 3,409.78 for Euro Stoxx, 7,147.50 for FTSE, 1,471.53 for Topix, 8,529.28 for Swiss Market, 5,836.74 for S&P/ASX
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| Pricing date: | April 18
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| Settlement date: | April 25
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| Agent: | Scotia Capital (USA) Inc.
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| Dealer: | Goldman, Sachs & Co.
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| Fees: | 1.63%
|
| Cusip: | 17324CHL3
|
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