Scotiabank plans optimal entry enhanced notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., June 29 - Bank of Nova Scotia plans to price 0% capped optimal entry enhanced participation notes, series A, linked to the Euro Stoxx 50 index, according to an Suppl filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 18 to 21 months.

The initial index level will be the lowest closing level of the index during the first two months of the life of the notes.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 18.375% to 21.375% that will be set at pricing. If the final index level is less than the initial index level, investors will be fully exposed to the decline.

The notes are expected to price July 3 and settle July 11.

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

The Cusip number is 064159874.

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