Scotiabank plans Capped Leveraged Index Return Notes on index basket

By Susanna Moon

Chicago, April 26 – Bank of Nova Scotia plans to price 0% Capped Leveraged Index Return Notes due November 2019 linked to a basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with an initial weight of 60% and the S&P 500 index with an initial weight of 40%.

The payout at maturity will be par plus double any basket gain, up to a maximum return of 11% to 15%.

Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

The notes will price and settle in May.

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