Published on 8/2/2023 in the Prospect News Structured Products Daily.
New Issue: Scotiabank prices $4.89 million buffered PLUS linked to Stoxx
Chicago, Aug. 2 – Bank of Nova Scotia priced $4.89 million of 0% buffered Performance Leveraged Upside Securities due Feb. 4, 2026 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 200% of any index gain, capped at par plus 34%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
Scotia Capital (USA) Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $4,886,000
|
| Maturity: | Feb. 4, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 34%; par if index declines by up to 15%; otherwise, 1% loss per 1% decline beyond 15%
|
| Initial value: | 4,400.11
|
| Buffer level: | 85% of initial value
|
| Pricing date: | July 14
|
| Settlement date: | July 19
|
| Agent: | Scotia Capital (USA) Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 06417YLD9
|
|
|
© 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.
