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

By Susanna Moon

Chicago, Sept. 26 – Bank of Nova Scotia plans to price market-linked notes due Oct. 5, 2020 – leveraged upside participation and contingent 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 165% to 175% of any index gain, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index finishes below its 80% trigger level.

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

The notes will price on Sept. 28.

The Cusip is 064159KB1.

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