New Issue: Scotiabank prices $1.89 million digital notes linked to S&P 500

By Kiku Steinfeld

Chicago, Oct. 22 – Bank of Nova Scotia priced $1.89 million of 0% digital notes due March 9, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 90% of the initial index level, the payout at maturity will be par plus 15%. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

Scotia Capital (USA) Inc. is the underwriter. Goldman Sachs & Co. LLC is acting as a dealer.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$1,892,000
Maturity:	March 9, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 90% of initial index level, par plus 15%; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	3,511.93
Pricing date:	Oct. 13
Settlement date:	Oct. 20
Underwriter:	Scotia Capital (USA) Inc. with Goldman Sachs & Co. LLC as a dealer
Fees:	0%
Cusip:	064159XS0

© 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.