Scotiabank to price Accelerated Return Notes linked to Euro Stoxx 50

By Sarah Lizee

Olympia, Wash., July 26 – Bank of Nova Scotia plans to price 0% Accelerated Return Notes due October 2019 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 of $10 plus triple any index gain, subject to a capped return of par plus 19% to 23%. The exact cap will be set at pricing.

Investors will be exposed to any index decline.

BofA Merrill Lynch is the agent.

The notes will price in August and settle in September.

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