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Scotiabank plans capped buffered participation notes tied to gold fund
By Toni Weeks
San Luis Obispo, Calif., May 7 - Bank of Nova Scotia plans to price 0% series A capped buffered enhanced participation notes due May 29, 2015 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B5 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 200% of the fund return, subject to a maximum settlement amount of $1,360 to $1,460 per $1,000 principal amount. Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond the 10% buffer.
Scotia Capital (USA) Inc. is the underwriter.
The notes (Cusip: 064159CC8) will price May 24 and settle May 30.
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