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