Published on 4/12/2019 in the Prospect News Structured Products Daily.
New Issue: Scotiabank sells $11.84 million Leveraged Index Return Notes on S&P 500
By Marisa Wong
Morgantown, W.Va., April 12 – Bank of Nova Scotia priced $11.84 million of 0% Leveraged Index Return Notes due March 25, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 135% of any index gain.
Investors will be fully exposed to any index decline.
BofA Merrill Lynch is the agent.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | S&P 500
|
| Amount: | $11,841,860
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| Maturity: | March 25, 2022
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 135% of any index gain; full exposure to losses
|
| Initial index level: | 2,815.44
|
| Pricing date: | March 28
|
| Settlement date: | April 4
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2.25%
|
| Cusip: | 06417P470
|
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