Published on 4/29/2024 in the Prospect News Structured Products Daily.
New Issue: Scotia prices $4.43 million capped gears linked to Russell 2000
Chicago, April 29 – Bank of Nova Scotia priced $4.43 million of 0% capped gears due April 3, 2025 linked to the Russell 2000 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 19.65%.
Investors will be exposed to any index decline.
Scotia Capital (USA) Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Capped gears
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| Underlying index: | Russell 2000 index
|
| Amount: | $4,434,000
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| Maturity: | April 3, 2025
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus three times any index gain, capped at par plus 19.65%; otherwise, 1% loss per 1% index decline
|
| Initial level: | 2,011.424
|
| Pricing date: | Jan. 29
|
| Settlement date: | Jan. 31
|
| Agents: | Scotia Capital (USA) Inc. and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 06418H246
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