New Issue: Scotia prices $14.31 million capped gears linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 3 – Bank of Nova Scotia priced $14.31 million of 0% capped gears due Sept. 30, 2024 linked to the S&P 500 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 14.3%.

Investors will be exposed to any index decline.

Scotia Capital (USA) Inc. and UBS Financial Services Inc. are the agents.

Issuer:	Bank of Nova Scotia
Issue:	Capped gears
Underlying index:	S&P 500 index
Amount:	$14,311,200
Maturity:	Sept. 30, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any index gain, capped at par plus 14.3%; otherwise, 1% loss per 1% index decline
Initial level:	4,566.75
Pricing date:	July 26
Settlement date:	July 31
Agents:	Scotia Capital (USA) Inc. and UBS Financial Services Inc.
Fees:	2%
Cusip:	06418E409

© 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.