New Issue: Scotiabank sells $15.79 million Leveraged Index Return Notes on Stoxx

By Devika Patel

Knoxville, Tenn., June 16 – Bank of Nova Scotia priced $15.79 million of 0% Leveraged Index Return Notes due June 24, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 166% of any index gain.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

BofA Merrill Lynch is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50
Amount:	$15,793,500
Maturity:	June 24, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 166% of any index gain; par if index falls by up to 20%, otherwise 1% loss for every 1% decline beyond 20%
Initial index level:	3,548.84
Threshold value:	2,839.07, 80% of initial level
Pricing date:	June 7
Settlement date:	June 14
Agent:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	064160229

© 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.