By Wendy Van Sickle
Columbus, Ohio, Jan. 8 – Bank of Nova Scotia priced $16.63 million of 0% capped buffered enhanced participation notes due Jan. 9, 2020 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 level, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,273.75 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% index decline beyond 10%.
Scotia Capital (USA) Inc. is the agent.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Capped buffered enhanced participation notes
|
| Underlying index: | MSCI EAFE
|
| Amount: | $16,631,000
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| Maturity: | Jan. 9, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, up to maximum return of 27.375%; par if index falls by 10%; 1.1111% loss for each 1% index decline beyond 10%
|
| Initial index level: | 2,089.16
|
| Pricing date: | Jan. 4
|
| Settlement date: | Jan. 11
|
| Agent: | Scotia Capital (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 064159KS4
|
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