Scotiabank to price leveraged buffered notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Jan. 7 – Bank of Nova Scotia plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 5, 2019 linked to the Euro Stoxx 50 index, according to a 424B3 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 175% of the index return, subject to a maximum return that is expected to be 35% to 40% and will be set at pricing. Investors will receive par if the index decreases by up to 20% and will lose 1% for every 1% that it declines beyond 20%.

Scotia Capital (USA) Inc. and Wells Fargo Securities LLC are the agents.

The notes will price Jan. 29.

The Cusip number is 064159708.

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