By Wendy Van Sickle
Columbus, Ohio, Dec. 28 – Bank of Nova Scotia priced $25 million of callable step-up coupon notes due June 30, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.75% initially, stepping up to 3.5% on Dec. 30, 2019. Interest will be payable semi-annually.
The payout at maturity will be par plus interest.
The notes will be callable in whole at par plus any interest on any semi-annual redemption date beginning on Dec. 30, 2019
Scotia Capital (USA) Inc. is the underwriter.
| Issuer: | Bank of Nova Scotia
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| Issue: | Callable step-up coupon notes
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| Amount: | $25 million
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| Maturity: | June 30, 2020
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| Coupon: | 2.75% initially, stepping up to 3.5% on Dec. 30, 2019; payable semi-annually
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| Price: | Par
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| Payout at maturity: | Par
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| Call option: | At par on any semi-annual redemption date beginning Dec. 30, 2019
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| Pricing date: | Dec. 27
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| Settlement date: | Dec. 31
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| Underwriter: | Scotia Capital (USA) Inc.
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| Fees: | 0.1%
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| Cusip: | 064159MZ6
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