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Scotiabank plans to price market-linked notes tied to Euro Stoxx 50
By Tali Rackner
Norfolk, Va., April 13 – Bank of Nova Scotia plans to price market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 4, 2019 linked to the Euro Stoxx 50 index, according to a 424B5 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 175% of any index gain, up to a maximum return of 35% to 40%. The exact cap will be set at pricing.
Investors will receive par for losses of up to 20% and will be exposed to any losses beyond 20%.
Scotia Capital (USA) Inc. is the agent with Wells Fargo Securities LLC as a dealer.
The notes will price on April 29 and settle on May 4.
The Cusip number is 064159HN9.
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