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Scotiabank to price capped enhanced participation notes on index basket
By Devika Patel
Knoxville, Tenn., June 19 – Bank of Nova Scotia plans to price 24- to 27-month 0% capped buffered enhanced participation notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The exact maturity will be set at pricing.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus double the basket gain, up to a maximum payout that will fall between $1,262.00 and $1,308.20 per $1,000 of notes and will be set at pricing.
Investors will receive par if the index declines by up to 10% and will lose 1.1111% for each 1% decline beyond the 10% buffer.
Scotia Capital (USA) Inc. and Goldman, Sachs & Co. are the agents.
The Cusip is 064159JS6.
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