By Sarah Lizee
Olympia, Wash., March 26 – Bank of Nova Scotia priced $7.72 million of 0% capped buffered enhanced participation notes due Sept. 24, 2021 linked to the S&P 500 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 190% of the index return, subject to a maximum settlement amount of $1,284 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% index decline beyond 15%.
Scotia Capital (USA) Inc. is the agent.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Capped buffered enhanced participation notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $7,724,000
|
| Maturity: | Sept. 24, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 190% of any index gain, up to maximum return of 28.4%; par if index falls by 15%; 1.1765% loss for each 1% index decline beyond 15%
|
| Initial index level: | 2,800.71
|
| Pricing date: | March 22
|
| Settlement date: | March 29
|
| Agent: | Scotia Capital (USA) Inc.
|
| Fees: | None
|
| Cusip: | 064159NS1
|
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