Scotiabank plans capped buffered participation notes on Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., Feb. 27 - Bank of Nova Scotia plans to price 0% series A capped enhanced participation notes linked to the Euro Stoxx 50 index, converted into dollars, according to a 424B5 filing with the Securities and Exchange Commission.

The notes are expected to mature 18 to 21 months after issue.

The payout at maturity will be par plus 150% of any gain in the index, up to a maximum settlement amount of $1,206.25 to $1,240.00 per $1,000 principal amount. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond the 15% buffer.

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

The notes will price on Feb. 28 and settle on March 7.

The Cusip number is 064159627.

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