| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Scotiabank plans digital coupon notes linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Oct. 9 - Bank of Nova Scotia plans to price 0% series A digital coupon notes linked to the Euro Stoxx 50 index, converted into dollars, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will mature between 14 and 16 months after pricing.
If the index finishes at or above 90% of the initial level, the payout at maturity will be par plus the digital coupon of 8.5% to 10%.
Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.
The exact deal terms will be set at pricing.
Scotia Capital (USA) Inc. is the underwriter with Goldman Sachs & Co. as dealer.
The Cusip number is 064159353.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.