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Bank of Nova Scotia plans to price callable step-up notes due 2026
By Angela McDaniels
Tacoma, Wash., Oct. 19 - Bank of Nova Scotia plans to price callable step-up rate notes due Nov. 16, 2026, according to an SUPPL filing with the Securities and Exchange Commission.
The interest rate will be 3% in years one through three, 3.5% in years four through six, 4% in years seven through nine, 5% in years 10 through 12 and 6.5% in years 13 through 15. Interest will be payable semiannually.
The payout at maturity will be par.
Beginning Nov. 16, 2014, the notes will be callable at par on any interest payment date.
The notes (Cusip: 064159AH9) will price Nov. 10 and settle Nov. 16.
Scotia Capital (USA) Inc. is the agent.
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