By Wendy Van Sickle
Columbus, Ohio, Dec. 4 – Bank of Nova Scotia priced $10 million of 0% buffer gears due Nov. 30, 2026 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 116.3% of any ETF gain.
If the ETF finishes flat or declines up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.
UBS Financial Services Inc. and Scotia Capital (USA) Inc. are the agents.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Buffer gears
|
| Underlying fund: | Invesco S&P 500 Equal Weight ETF
|
| Amount: | $10 million
|
| Maturity: | Nov. 30, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 116.3% of any ETF gain; if the ETF finishes flat or declines no more than 10%, par; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial level: | $146.47
|
| Buffer level: | $131.82; 90% of initial level
|
| Pricing date: | Nov. 29
|
| Settlement date: | Nov. 30
|
| Agents: | UBS Financial Services Inc. and Scotia Capital (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 06418E722
|
|
|
© 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.
