New Issue: Scotiabank prices $2.2 million capped notes linked to the Dow

By Wendy Van Sickle

Columbus, Ohio, June 30 – Bank of Nova Scotia priced $2.2 million of 0% capped notes due June 26, 2026 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus the index return, subject to a maximum payout of par plus 44.19%. Investors will receive par if the index falls by up to 15% and will be exposed to any index decline beyond 15%.

BofA Securities, Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped notes
Underlying index:	Dow Jones industrial average
Amount:	$2,202,890
Maturity:	June 26, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any index gain, capped at par plus 44.19%; par if index falls by up to 15%; exposure to losses beyond 15%
Initial level:	34,196.82
Threshold level:	29.067.3, 85% of initial level
Final level:	Average of index’s closing levels on five trading days ending June 23, 2026
Pricing date:	June 24
Settlement date:	July 1
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06417V246

© 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.