Published on 10/4/2019 in the Prospect News Structured Products Daily.
New Issue: Scotiabank prices $7.22 million five-year Mitts tied to index basket
By Sarah Lizee
Olympia, Wash., Oct. 4 – Bank of Nova Scotia priced $7.22 million of 0% Market Index Target-Term Securities due Sept. 27, 2024 tied 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 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus 107.25% of any basket gain.
If the basket falls, the payout will be par.
BofA Securities, Inc. is the underwriter.
Issuer: | Bank of Nova Scotia
|
Issue: | Market Index Target-Term Securities
|
Underlying indexes: | Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei Stock Average (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
|
Amount: | $7,219,080
|
Maturity: | Sept. 27, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If basket gains, par plus 107.25% of return; par if basket falls or is flat
|
Initial index levels: | 3,532.18 for Stoxx, 7,351.08 for FTSE, 22,048.24 for Nikkei, 10,010.71 for Swiss, 6,677.581 for S&P/ASX, 26,041.93 for Hang Seng
|
Pricing date: | Sept. 26
|
Settlement date: | Oct. 3
|
Underwriter: | BofA Securities, Inc.
|
Fees: | 2.5%
|
Cusip: | 06417Q817
|
© 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.