Published on 11/23/2021 in the Prospect News Structured Products Daily.
New Issue: Scotia sells $16.87 million enhanced participation notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Nov. 23 – Bank of Nova Scotia priced $16.87 million of 0% enhanced participation notes due Jan. 22, 2025 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 190% of any gain in the index.
Investors will lose 1% for every 1% the index declines.
Scotia Capital (USA) Inc. is the underwriter with Goldman Sachs & Co. LLC as dealer.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Enhanced participation notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $16,866,000
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| Maturity: | Jan. 22, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 190% of index gain; full exposure to any losses
|
| Initial index level: | 4,383.7
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| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 24
|
| Agent: | Scotia Capital (USA) Inc.
|
| Dealer: | Goldman Sachs & Co. LLC
|
| Fees: | 2.94%
|
| Cusip: | 0641595X0
|
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