By Wendy Van Sickle
Columbus, Ohio, Dec. 14 – Bank of Nova Scotia priced $3 million of 0% capped in-gears due Dec. 11, 2029 linked to the Russell 2000 index, according to a 412B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 147% of the initial level, the payout at maturity will be par plus 94.665%.
If the index finishes below 147% of the initial level but at or above 100% of initial level, the payout will be par plus 9.36% plus 1.815 times the index gain in excess of 100%.
If the index finishes below 100% of initial level but at or above 96% of initial level, the payout will be par plus 2.34 times the quantity of the index return plus 4%.
If the index declines more than 4% but no more than 12%, investors will lose 1.5% for each 1% decline beyond 4%.
If the index declines by more than 12%, investors will lose 1% for every 1% of index decline from initial level.
Scotia Capital (USA) Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Capped in-gears
|
| Underlying index: | Russell 2000 index
|
| Amount: | $3 million
|
| Maturity: | Dec. 11, 2029
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above 147% of the initial level, par plus 94.665%; if the index finishes below 147% of the initial level but at or above 100% of initial level, par plus 9.36% plus 1.815 times the index gain in excess of 100%; if the index finishes below 100% of initial level but at or above 96% of initial level, par plus 2.34 times the quantity of the index return plus 4%; if index declines more than 4% but no more than 12%, lose 1.5% for each 1% decline beyond 4%; otherwise, full exposure to index decline from initial level
|
| Initial level: | Average of index closing levels over three-month period from Dec. 7 to and including Jan. 25
|
| Final level: | Average of index closing levels over three-month period from Sept. 10, 2029 to and including Dec. 6, 2029
|
| Pricing date: | Dec. 8
|
| Settlement date: | Dec. 13
|
| Agents: | Scotia Capital (USA) Inc. and UBS Financial Services Inc.
|
| Fees: | 0.25%
|
| Cusip: | 06418E771
|
|
|
© 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.
