Scotiabank plans five-year market-linked notes tied to Stoxx 50

By Susanna Moon

Chicago, July 14 – Bank of Nova Scotia plans to price market-linked notes due Aug. 3, 2022 – leveraged upside participation to a cap and fixed percentage buffered downside linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum of $1,800 to $1,900 per $1,000 principal amount.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

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

The notes will price on July 31.

The Cusip is 064159JV9.

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