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 3/2/2021 in the Prospect News Structured Products Daily.

New Issue: Scotia prices $9.37 million Leveraged Index Return Notes on Russell 1000 Value

By Wendy Van Sickle

Columbus, Ohio, March 2 – Bank of Nova Scotia priced $9.37 million of 0% Leveraged Index Return Notes due Feb. 27, 2026 linked to the Russell 1000 Value index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 127.8% of the index return. 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
Underlying index:Russell 1000 Value index
Amount:$9,370,190
Maturity:Feb. 27, 2026
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 127.8% of any index gain; 1% loss for every 1% that index declines
Initial level:1,429.041
TFinal level:Average of index’s closing levels on five trading days ending Feb. 24, 2026
Pricing date:Feb. 25
Settlement date:March 4
Agent:BofA Securities, Inc.
Fees:2%
Cusip:06417V865

© 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.