Scotiabank plans to sell market-linked securities tied to Euro Stoxx

By Devika Patel

Knoxville, Tenn., March 26 – Bank of Nova Scotia plans to price 0% market-linked securities with leveraged upside participation and contingent downside due April 3, 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 155% to 165% of any index gain, with the exact upside participation to be set at pricing.

Investors will receive par if the index falls by up to the threshold level of 20% and will lose 1% for every 1% decline from the initial level if the index finishes below 80% of its initial level. The exact threshold level will be set at pricing.

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

The notes (Cusip: 064159KZ8) will price March 28 and settle April 3.

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