Scotiabank plans capped buffered enhanced notes linked to S&P

By Sarah Lizee

Olympia, Wash., July 22 – Bank of Nova Scotia plans to price capped buffered enhanced participation notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 16 to 19 months after pricing.

The payout at maturity will be par plus 170% of any index gain, up to a maximum payment of $1,145.74 to $1,170.94 per $1,000 principal amount, with the exact payment to be determined at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% loss below 10%.

The agent is Scotia Capital (USA) Inc.

The Cusip number is 064159PL4.

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