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Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Scotiabank plans to price Accelerated Return Notes tied to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – Bank of Nova Scotia plans to price 0% Accelerated Return Notes due December 2017 linked to the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus triple the index return, subject to a maximum return of 18% to 22%. The exact cap will be set at pricing. If the index return is negative, investors will lose 1% for each 1% decline.
BofA Merrill Lynch is the agent.
The notes will price in October and settle in November.
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