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Published on 1/13/2020 in the Prospect News Structured Products Daily.

Scotiabank to price buffered index-linked notes linked to Euro Stoxx

By Sarah Lizee

Olympia, Wash., Jan. 13 – Bank of Nova Scotia plans to price 0% buffered index-linked notes due Jan. 31, 2023 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above its initial level, the payout will be par plus 1.2 times the return of the index.

If the index falls by up to 25% of its initial level, investors will receive par. Investors will lose 1% for every 1% decline beyond 25%.

Scotia Capital (USA) Inc. is the agent. Goldman Sachs & Co. LLC is the dealer.

The notes will price on Jan. 24.

The Cusip number is 064159RX6.


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