By William Gullotti
Buffalo, N.Y., Jan. 25 – Bank of Nova Scotia priced $2.5 million of 0% contingent barrier digital notes due Feb. 1, 2024 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 or equal to 75% of the initial index level, the payout at maturity will be par plus 10.05%.
If the final index level is less than the 75% barrier value, investors will lose 1% for every 1% that the index declines from its initial level.
Scotia Capital (USA) Inc. is the agent with J.P. Morgan Securities LLC acting as the placement agent.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Contingent barrier digital notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $2.5 million
|
| Maturity: | Feb. 1, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level is greater than or equal barrier level, par plus 10.05%; if final index level is less than barrier value, full exposure to losses of index
|
| Initial level: | 1,867.336
|
| Barrier level: | 1,400.502; 75% of initial level
|
| Strike date: | Jan. 20
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 26
|
| Agents: | Scotia Capital (USA) Inc. with J.P. Morgan Securities LLC as placement agent
|
| Fees: | 1%
|
| Cusip: | 06417YDP1
|
|
|
© 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.
