New Issue: Scotia sells $37.16 million Capped Leveraged Index Return Notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Oct. 3 – Bank of Nova Scotia priced $37.16 million of 0% Capped Leveraged Index Return Notes due Sept. 27, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 12%

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P 500
Amount:	$37,159,950
Maturity:	Sept. 27, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, subject to 12% maximum return; par if index falls by up to 10%, otherwise 1% loss for every 1% decline beyond 10%
Initial index level:	2,510.06
Pricing date:	Sept. 28
Settlement date:	Oct. 5
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	064161201

© 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.