Scotiabank to price three-year market-linked notes on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Oct. 23 – Bank of Nova Scotia plans to price market-linked notes due Nov. 2, 2020 with leveraged upside participation and contingent downside linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 170% to 180% 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 falls by more than 20%.

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

The notes will price on Oct. 30.

The Cusip number is 064159KH8.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.