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Scotiabank plans capped buffered enhanced notes tied to index basket
By Susanna Moon
Chicago, Nov. 15 – Bank of Nova Scotia plans to price 0% capped buffered enhanced participation notes due June 27, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
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 notes are expected to mature 27 to 30 months after pricing.
The payout at maturity will be par plus 150% of any basket gain, up to a maximum payment of $1,440.98 to $1,518.50 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for every 1% loss beyond 15%.
The agent is Scotia Capital (USA) Inc. with Goldman, Sachs & Co. as dealer.
The Cusip number is 064159KL9.
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