Published on 6/30/2017 in the Prospect News Structured Products Daily.
New Issue: Scotia sells $37.41 million Capped Leveraged Index Return Notes on Stoxx
By Wendy Van Sickle
Columbus, Ohio, June 30 – Bank of Nova Scotia priced $37.41 million of 0% Capped Leveraged Index Return Notes due June 28, 2019 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 double any index gain, up to a maximum return of 25.3%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
BofA Merrill Lynch is the agent.
Issuer: | Bank of Nova Scotia
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $37,411,540
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Maturity: | June 28, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, subject to 25.3% maximum return; par if index falls by up to 10%, otherwise 1% loss for every 1% decline beyond 10%
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Initial index level: | 3,471.33
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Pricing date: | June 29
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Settlement date: | July 7
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 064160278
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