| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Scotiabank plans callable contingent interest notes on Russell 2000
By Susanna Moon
Chicago, Jan. 2 - Bank of Nova Scotia plans to price callable contingent interest notes due Jan. 31, 2020 linked to the Russell 2000 index, according to a 424B5 filing with the Securities and Exchange Commission.
If the index closes at or above the 75% barrier level on a monthly interest payment date, the notes will pay a contingent payment of 6% to Jan. 31, 2016, stepping up to 8% to Jan. 31, 2019 and to 10% after that.
The notes may be called in whole on each quarterly call date.
If the index finishes at or above the barrier level, the payout at maturity will be par plus the contingent interest payment.
Otherwise, investors will share in any losses.
Scotia Capital (USA) Inc. is the underwriter.
The notes will price on Jan. 28 and settle on Jan. 30.
The Cusip number is 064159BG0.
© 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.