Published on 12/6/2023 in the Prospect News Green Finance Daily and Prospect News Structured Products Daily.
New Issue: Scotia prices $112.57 million Accelerated Return Notes tied to S&P 500
By William Gullotti
Buffalo, N.Y., Dec. 6 – Bank of Nova Scotia priced $112.57 million of 0% Accelerated Return Notes due Jan. 31, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are being sold as sustainability bonds.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of par plus 13.95%.
Investors will be exposed to any index decline.
BofA Securities, Inc. is the underwriter.
Issuer: | Bank of Nova Scotia
|
Issue: | Accelerated Return Notes
|
Underlying index: | S&P 500 index
|
Amount: | $112,565,850
|
Maturity: | Jan. 31, 2025
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus triple any index gain, up to a maximum return of par plus 13.95%; otherwise, full exposure to loss
|
Initial level: | 4,567.8
|
Pricing date: | Nov. 30
|
Settlement date: | Dec. 7
|
Underwriter: | BofA Securities, Inc.
|
Fees: | 1.75%
|
Cusip: | 06418G180
|
|
© 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.