New Issue: Scotia sells $5.23 million digital notes on Stoxx

By Sarah Lizee

Olympia, Wash., July 15 – Bank of Nova Scotia priced $5.23 million of 0% digital notes due Sept. 14, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 85% of the initial level, the payout at maturity will be par plus 13.35%.

Investors will lose 1.1765% for each 1% decline beyond 15%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$5,229,000
Maturity:	Sept. 14, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is at least 85% of initial level, par plus 13.35%; 1.1765% loss for each 1% index decline beyond 15%
Initial level:	3,296.22
Buffer level:	85% of initial level
Pricing date:	July 10
Settlement date:	July 17
Agent:	Scotia Capital (USA) Inc.
Fees:	None
Cusip:	064159UT1

© 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.