New Issue: Scotia prices $16.07 million 8.75% contingent income autocallable yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Jan. 19 – Bank of Nova Scotia priced $16.07 million of contingent income autocallable yield notes due Jan. 15, 2026 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.75%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date.

The securities may be called automatically at par if the level of each underlier is greater than or equal to its initial price on any quarterly observation date.

If the worst performing index gains or ends above its 75% threshold value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its threshold value.

Scotia Capital (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	Bank of Nova Scotia
Issue:	Contingent income autocallable yield notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:	$16,074,000
Maturity:	Jan. 15, 2026
Coupon:	8.75%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its 75% threshold value, par; 1% loss for every 1% that worst performing index declines if it finishes below its threshold value
Call:	Automatically at par if the level of each underlier is greater than or equal to its initial price on any quarterly observation date
Initial levels:	16,832.92 for Nasdaq-100 Index, 1,950.964 for Russell 2000 Index, 4,783.83 for S&P 500 Index
Downside thresholds:	12,624.69 for Nasdaq-100 Index, 1,463.223 for Russell 2000 Index, 3,587.8725 for S&P 500 Index, 75% of initial levels
Coupon barriers:	12,624.69 for Nasdaq-100 Index, 1,463.223 for Russell 2000 Index, 3,587.8725 for S&P 500 Index, 75% of initial levels
Pricing date:	Jan. 12
Settlement date:	Jan. 18
Agent:	Scotia Capital (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:	2%
Cusip:	06417YF53

© 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.