Scotiabank plans leveraged, buffered market-linked notes on Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Jan. 5 – Bank of Nova Scotia plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 5, 2019 linked to the Euro Stoxx 50 index, according to a 4242B5 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.75 times any index gain, up to a maximum return of 35% to 40%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.

Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the agents.

The notes will price Jan. 29 and settle Feb. 3.

The Cusip is 064160708.

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