Published on 9/27/2017 in the Prospect News Structured Products Daily.
New Issue: Scotiabank prices $13.23 million buffered digital notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Sept. 27 – Bank of Nova Scotia priced $13.23 million of 0% buffered digital notes due Sept. 25, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus 36.5%.
If the index return is negative but not less than negative 10%, the payout will be par.
Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.
Scotia Capital (USA) Inc. is the agent with Goldman Sachs & Co. LLC as dealer.
Issuer: | Bank of Nova Scotia
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Issue: | Buffered digital notes
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Underlying index: | Euro Stoxx 50
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Amount: | $13,228,000
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Maturity: | Sept. 25, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is zero or positive, par plus 36.5%; if the index return is negative but not less than negative 10%, par; otherwise, 1.1111% loss for each 1% decline beyond 10%
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Initial level: | 3,541.42
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Pricing date: | Sept. 22
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Settlement date: | Sept. 29
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Agent: | Scotia Capital (USA) Inc.
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Dealer: | Goldman Sachs & Co. LLC
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Fees: | 2.5%
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Cusip: | 064159KF2
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