New Issue: Scotia prices $6.3 million accelerated return notes linked to basket of three stocks

By William Gullotti

Buffalo, N.Y., March 8 – Bank of Nova Scotia priced $6.3 million of 0% Accelerated Return Notes due May 26, 2023 linked to a stock basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of L3Harris Technologies, Inc. with a weight of 33.34%, Raytheon Technologies Corp. with a weight of 33.33% and Honeywell International Inc. with a weight of 33.33%.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 18%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Bank of Nova Scotia
Issue:	Accelerated Return Notes
Underlying stocks:	L3Harris Technologies, Inc. (33.34% weight), Raytheon Technologies Corp. (33.33% weight) and Honeywell International Inc. (33.33% weight)
Amount:	$6,299,410
Maturity:	May 26, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, up to a maximum return of 18%; lose 1% for every 1% of basket decline from initial level
Initial stock levels:	$255.48 for L3Harris, $99.83 for Raytheon, $187.52 for Honeywell
Pricing date:	March 3
Settlement date:	March 10
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	06417X218

© 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.