By Wendy Van Sickle
Columbus, Ohio, Feb. 18 – Bank of Nova Scotia priced $4.32 million of capped buffered enhanced participation notes due Feb. 22, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum redemption of $1,234 per $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% loss beyond 15%.
Scotia Capital (USA) Inc. is the underwriter. Goldman Sachs & Co. is the dealer.
Issuer: | Bank of Nova Scotia
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Issue: | Capped buffered enhanced participation notes
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Underlying index: | Euro Stoxx 50
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Amount: | $4,315,000
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Maturity: | Feb. 22, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any gain in fund up to $1,234 maximum payout; par if fund falls by 15% or less; 1.1765% loss for every 1% that index declines beyond 15%
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Initial level: | 3,144.153207
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Pricing date: | Feb. 16
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Settlement date: | Feb. 23
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Underwriter: | Scotia Capital (USA) Inc.
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Dealer: | Goldman Sachs & Co.
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Fees: | 1.75%
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Cusip: | 064159HK5
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