By Angela McDaniels
Tacoma, Wash., Nov. 20 – Bank of Nova Scotia priced $910,000 of 0% capped buffered enhanced participation notes due May 30, 2025 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum payout of $1,324.40 per $1,000 principal amount of notes.
If the final index level is less than or equal to the initial level but not by more than 17.5%, the payout will be par.
If the final index level is less than the initial level by more than 17.5%, investors will lose 1.2121% for every 1% that the index declines beyond 17.5%.
Scotia Capital (USA) Inc. is the underwriter.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Capped buffered enhanced participation notes
|
| Underlying index: | MSCI EAFE index
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| Amount: | $910,000
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| Maturity: | May 30, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 200% of index return, subject to maximum return of 32.44%; if final index level is less than or equal to the initial level but greater than or equal to buffer level, par; otherwise; 1.2121% loss for every 1% that index declines beyond 17.5%
|
| Initial level: | 2,084.49
|
| Buffer level: | 82.5% of initial level
|
| Pricing date: | March 30
|
| Settlement date: | April 6
|
| Underwriter: | Scotia Capital (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 06417YGA1
|
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