Published on 10/3/2017 in the Prospect News Structured Products Daily.
New Issue: Scotiabank sells $2.78 million market-linked notes tied to Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Oct. 3 – Bank of Nova Scotia priced $2.78 million of 0% market-linked securities with leveraged upside participation and contingent downside due Oct. 5, 2020 linked to the Euro Stoxx 50 index, according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 175% of any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline from the initial level if the index falls by more than 20%.
Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the agents.
Issuer: | Bank of Nova Scotia
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Issue: | Market-linked securities with leveraged upside participation and fixed percentage buffered downside
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2,779,000
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Maturity: | Oct. 5, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 175% of any index gain; par if the index falls by up to 20%; otherwise, full exposure to loss
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Initial index level: | 3,563.64
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Threshold level: | 2,850.912, 80% of initial level
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Pricing date: | Sept. 28
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Settlement date: | Oct. 3
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Agents: | Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC
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Fees: | 2.81%
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Cusip: | 064159KB1
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