E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/26/2023 in the Prospect News Structured Products Daily.

New Issue: Scotia prices $2.01 million PLUS linked to S&P 500

Chicago, Oct. 26 – Bank of Nova Scotia priced $2.01 million of 0% PLUS due Feb. 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return subject to a maximum return of par plus 18.2%. Investors will lose 1% for every 1% that it declines.

Scotia Capital is the agent.

Issuer:Bank of Nova Scotia
Issue:PLUS
Underlying index:S&P 500 index
Amount:$2,008,000
Maturity:Feb. 5, 2025
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 300% of index return subject to a maximum return of par plus 18.2%; 1% loss for every 1% that index declines
Initial level:4,314.60
Upside leverage:300%
Cap:18.2%
Pricing date:Oct. 18
Settlement date:Oct. 23
Agent:Scotia Capital
Underwriter:Morgan Stanley Wealth Management
Fees:2.25%
Cusip:06417YVG1

© 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.