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Scotiabank plans Leveraged Index Return Notes tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., July 14 – Bank of Nova Scotia plans to price 0% Leveraged Index Return Notes due July 2022 linked to the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.4 to 1.6 times any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
BofA Merrill Lynch is the agent.
The notes will price in July and settle in August.
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