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Scotiabank plans enhanced participation notes on PowerShares fund
By Jennifer Chiou
New York, March 5 – Bank of Nova Scotia plans to price 0% series A enhanced participation notes due Sept. 30, 2019 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B5 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial price, the payout at maturity will be par plus 160% of the fund return.
Investors will share in losses.
The notes (Cusip: 064159EB8) will price on March 25 and settle on March 30.
Scotia Capital (USA) Inc. is the underwriter.
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