By Sarah Lizee
Olympia, Wash., Sept. 20 – Bank of Nova Scotia priced $5.76 million of 0% capped buffered enhanced participation notes due Sept. 21, 2021 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 the initial level, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,212.40 per $1,000 principal amount of notes.
Investors will receive par if the index finishes flat or falls by up to 10% and will lose 1.111% for each 1% index decline beyond 10%.
Scotia Capital (USA) Inc. and Goldman Sachs & Co. LLC are the agents.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Capped buffered enhanced participation notes
|
| Underlying index: | Russell 2000
|
| Amount: | $5.76 million
|
| Maturity: | Sept. 21, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, up to maximum return of $1,212.40 per $1,000 principal amount of notes; par if index finishes flat or falls by 10%; 1.1111% loss for each 1% index decline beyond 10%
|
| Initial index level: | 1,578.290
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Sept. 17
|
| Settlement date: | Sept. 24
|
| Agents: | Scotia Capital (USA) Inc. and Goldman Sachs & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 064159PW0
|
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