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Scotiabank plans 25- to 28-month capped buffered enhanced notes on S&P
By Sarah Lizee
Olympia, Wash., June 7 – Bank of Nova Scotia plans to price 0% capped buffered enhanced participation notes due in 25 to 28 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.6 times any index gain, up to a maximum payment $1,230.56 to $1,271.20 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%.
The agent is Scotia Capital (USA) Inc.
The Cusip number is 064159LT1.
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