Scotiabank plans enhanced participation notes on PowerShares fund

By Marisa Wong

Madison, Wis., Jan. 5 – Bank of Nova Scotia plans to price 0% series A enhanced participation notes due July 30, 2019 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B5 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the initial price, the payout at maturity will be par plus 160% of the fund return.

Investors will share in losses.

Scotia Capital (USA) Inc. is the underwriter.

The notes are expected to price on Jan. 23 and settle on Jan. 29.

The Cusip number is 064159EB8.

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