Scotiabank plans three-year market-linked notes on iShares MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, March 4 – Bank of Nova Scotia plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due April 5, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 4245 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 175% of any fund gain, up to a maximum return of 30% to 35%. The exact cap will be set at pricing.

Investors will receive par for losses of up to 15% and will be exposed to any losses beyond 15%.

Scotia Capital (USA) Inc. is the agent with Wells Fargo Securities LLC as a dealer.

The notes will price on March 31 and settle on April 5.

The Cusip number is 064159HL3.

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