Published on 3/1/2021 in the Prospect News Structured Products Daily.
New Issue: Scotia prices $23.85 million accelerated return notes on Russell 2000
By Wendy Van Sickle
Columbus, Ohio, March 1 – Bank of Nova Scotia priced $23.85 million of 0% Accelerated Return Notes due April 29, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 20.79%. Investors will be exposed to any index decline.
BofA Securities, Inc. is the underwriter.
Issuer: | Bank of Nova Scotia
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Issue: | Accelerated Return Notes
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Underlying index: | Russell 2000 index
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Amount: | $23,847,310
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Maturity: | April 29, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any index gain, up to a maximum return of 20.79%; investors will be exposed to any index decline
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Initial level: | 2,200.172
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Final level: | Average of index’s closing levels on five trading days ending April 26, 2022
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Pricing date: | Feb. 25
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Settlement date: | March 4
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Underwriter: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 06417V733
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