Published on 6/28/2021 in the Prospect News Structured Products Daily.
New Issue: Scotia sells $17.15 million enhanced participation notes on Euro Stoxx 50
By William Gullotti
Buffalo, N.Y., June 28 – Bank of Nova Scotia priced $17.15 million of 0% enhanced participation notes due June 21, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 162.4% of any gain in the index.
Investors will be fully exposed to any losses.
Scotia Capital (USA) Inc. is the underwriter.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Enhanced participation notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $17,145,000
|
| Maturity: | June 21, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 162.4% of index gain; full exposure to any losses
|
| Initial index level: | 4,083.37
|
| Pricing date: | June 18
|
| Settlement date: | June 25
|
| Agent: | Scotia Capital (USA) Inc.
|
| Fees: | 1.75%
|
| Cusip: | 064159Y26
|
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