By Marisa Wong
Morgantown, W.Va., April 21 – Bank of Nova Scotia priced $5.24 million of capped buffered enhanced participation notes due March 22, 2018 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 or equal to the initial level, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum redemption of $1,188.25 per $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% loss beyond 15%.
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 index: | MSCI EAFE
|
| Amount: | $5,235,000
|
| Maturity: | March 22, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain in fund up to $1,188.25 maximum payout; par if fund falls by 15% or less; 1.1765% loss for every 1% that index declines beyond 15%
|
| Initial level: | 1,712.19
|
| Pricing date: | April 19
|
| Settlement date: | April 26
|
| Underwriter: | Scotia Capital (USA) Inc.
|
| Dealer: | Goldman Sachs & Co.
|
| Fees: | 1.75%
|
| Cusip: | 064159GT7
|
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