Scotiabank to price three-year market-linked notes tied to Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Nov. 27 – Bank of Nova Scotia plans to price 0% market-linked securities with leveraged upside participation and contingent downside due Dec. 4, 2020 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.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline below the initial level if it falls by more than 20%.

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

The notes will price on Nov. 29.

The Cusip number is 064159KK1.

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