By Marisa Wong
Los Angeles, March 16 – Bank of Nova Scotia priced $3.66 million of 0% capped buffered enhanced participation notes due March 9, 2022 linked to the Russell 2000 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 $1,206.55 per $1,000 principal amount of notes.
Investors will receive par if the index finishes flat or 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
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Issue: | Capped buffered enhanced participation notes
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Underlying index: | Russell 2000
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Amount: | $3.66 million
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Maturity: | March 9, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at par plus 20.655%; par if index finishes flat or falls by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
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Initial index level: | 1,478.824
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Pricing date: | March 5
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Settlement date: | March 12
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Agent: | Scotia Capital (USA) Inc.
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Fees: | 1.75%
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Cusip: | 064159TM8
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