By Taylor Fox
New York, Nov. 16 – Bank of Nova Scotia priced $298,000 0% trigger index-linked notes due Oct. 30, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout will be par plus 125% of the index return.
If the index finishes flat or falls by up to 30%, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Scotia Capital (USA) Inc. is the agent and Goldman Sachs & Co. LLC is the dealer.
| Issuer: | Bank of Nova Scotia
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| Issue: | Trigger index-linked notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $298,000
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| Maturity: | Oct. 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes above its initial level, par plus 125% of the index return; if the index finishes flat or falls by up to 30%, par plus the absolute value of the return of the index; otherwise, investors will be fully exposed to the decline of the index from its initial level
|
| Initial index level: | 3,198.86
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| Trigger level: | 70% of the initial level
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| Pricing date: | Oct. 23
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| Settlement date: | Oct. 28
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| Underwriters: | Scotia Capital (USA) Inc. is the agent and Goldman Sachs & Co. LLC
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| Fees: | None
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| Cusip: | 064159XG6
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