Published on 7/7/2020 in the Prospect News Structured Products Daily.
New Issue: Scotia sells $13.44 million Leveraged Index Return Notes on Russell 1000 Value
By Sarah Lizee
Olympia, Wash., July 7 – Bank of Nova Scotia priced $13.44 million of 0% Leveraged Index Return Notes due June 27, 2025 linked to the Russell 1000 Value index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 162% of any index gain.
Investors will be fully exposed to any index decline.
BofA Securities, Inc. is the agent.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Leveraged Index Return Notes
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| Underlying index: | Russell 1000 Value index
|
| Amount: | $13,435,980
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| Maturity: | June 27, 2025
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 162% of any index gain; full exposure to losses
|
| Initial index level: | 1,105.335
|
| Pricing date: | June 25
|
| Settlement date: | July 2
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2.5%
|
| Cusip: | 06417R625
|
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