Published on 5/20/2016 in the Prospect News Structured Products Daily.
New Issue: Scotiabank prices $3.15 million capped buffered enhanced notes on index basket
By Marisa Wong
Morgantown, W.Va., May 20 – Bank of Nova Scotia priced $3.15 million of 0% capped buffered enhanced participation notes, series A, due May 24, 2018 linked to basket of five indexes, according to a 424B5 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum amount of $1,281.25 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Scotia Capital (USA) Inc. is the underwriter. Goldman Sachs & Co. is the dealer.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Capped buffered enhanced participation notes
|
| Underlying basket: | Euro Stoxx 50 (37% initial weight), FTSE 100 (23% initial weight), Topix (23% initial weight), Swiss Market (9% initial weight) and S&P/ASX 200 (8% initial weight)
|
| Amount: | $3,145,000
|
| Maturity: | May 24, 2018
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any basket gain up to $1,281.25 maximum payout per note; par if basket falls by up to 10%; 1.1111% loss for each 1% basket decline beyond 10%
|
| Initial levels: | 2,956.43 for Euro Stoxx, 6,165.80 for FTSE, 1,338.38 for Topix, 7,973.93 for Swiss Market and 5,356.200 for S&P/ASX
|
| Pricing date: | May 18
|
| Settlement date: | May 26
|
| Underwriter: | Scotia Capital (USA) Inc.
|
| Dealer: | Goldman Sachs & Co.
|
| Fees: | 1.75%
|
| Cusip: | 064159HR0
|
|
|
© 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.
