Published on 7/19/2022 in the Prospect News Structured Products Daily.
New Issue: Scotiabank prices $8.63 million market-linked one look notes on VanEck ETF
By William Gullotti
Buffalo, N.Y., July 19 – Bank of Nova Scotia priced $8.63 million of 0% market-linked one look notes due July 28, 2023 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes flat or gains, the payout at maturity will be par plus 30.85%. Otherwise, investors will be fully exposed to any ETF decline.
BofA Securities, Inc. is the agent.
Issuer: | Bank of Nova Scotia
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Issue: | Market-linked one look notes
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Underlying fund: | VanEck Vectors Gold Miners ETF
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Amount: | $8,631,910
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Maturity: | July 28, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 30.85% unless ETF finishes below its initial price, in which case full exposure to losses
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Initial price: | $25.71
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Pricing date: | July 14
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Settlement date: | July 21
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Underwriter: | BofA Securities, Inc.
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Fees: | 1.5%
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Cusip: | 06418B587
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