Published on 10/16/2019 in the Prospect News Structured Products Daily.
New Issue: Scotia prices $1.5 million digital notes due 2021 tied to index basket
By Sarah Lizee
Olympia, Wash., Oct. 16 – Bank of Nova Scotia priced $1.5 million of digital notes due Oct. 14, 2021 linked to a basket of indexes, according to an 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is flat or positive, the payout at maturity will be the greater of par plus the return and $1,297 per $1,000 of notes.
Otherwise, investors will lose 1% for each 1% decline.
Scotia Capital (USA) Inc. is the agent. Goldman Sachs & Co. LLC is the dealer.
Issuer: | Bank of Nova Scotia
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Issue: | Digital notes
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Underlying basket: | Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (19% weight), Swiss Market (10% weight) and S&P/ASX 200 (8% weight)
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Amount: | $1.5 million
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Maturity: | Oct. 14, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket return is flat or positive, greater of par plus the return and $1,297 per $1,000 of notes; otherwise, investors will lose 1% for each 1% decline
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Initial levels: | 3,493.96 for Euro Stoxx, 1,581.42 for Topix, 7,186.36 for FTSE, 9,903.02 for Swiss Market, 6,547.076 for S&P/ASX
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Pricing date: | Oct. 10
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Settlement date: | Oct. 18
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Agent: | Scotia Capital (USA) Inc.
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Dealer: | Goldman Sachs & Co. LLC
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Fees: | 1.75%
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Cusip: | 064159QG4
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