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Scotiabank plans four-year market-linked notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Nov. 10 – Bank of Nova Scotia plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Dec. 2, 2019 linked to the Euro Stoxx 50 index, according to a 424B5 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 175% of any index gain, up to a maximum return of 40% to 45%. The exact cap will be set at pricing.
Investors will receive par for losses of up to 20% and will be exposed to any losses beyond 20%.
Scotia Capital (USA) Inc. is the agent with Wells Fargo Securities LLC as a dealer.
The notes will price on Nov. 24 and settle on Nov. 30.
The Cusip number is 064159GX8.
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