New Issue: Scotia sells $10.7 million capped buffered enhanced participation notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Feb. 8 – Bank of Nova Scotia priced $10.7 million of 0% capped buffered enhanced participation notes due Feb. 2, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,216.75per $1,000 of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying index:	Russell 2000
Amount:	$10,701,000
Maturity:	Feb. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,216.75 per $1,000 of notes; investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%
Initial index level:	2,159.703
Buffer level:	90% of initial index level
Pricing date:	Feb. 3
Settlement date:	Feb. 10
Agent:	Scotia Capital (USA) Inc.
Fees:	1.75%
Cusip:	064159R57

© 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.