Scotiabank plans notes tied to Raymond James current favorites index

By Jennifer Chiou

New York, Sept. 8 – Bank of Nova Scotia plans to price 0% equity-linked index notes due Sept. 22, 2017 linked to the Raymond James Analyst Current Favorites Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The issue price will be 103.

The payout at maturity will be par plus the index return, which could be negative. Due to the 103 issue price and the index adjustment amount (described below), investors will receive less than their initial investments if the index does not increase by at least 4%.

The final level of the index will be its closing level on Sept. 19, 2017 minus the aggregate index adjustment amount.

The index adjustment amount is $1.25 per note. Index adjustment amounts will accrue quarterly beginning on the next rebalancing date of the index to occur following the first anniversary of settlement. The aggregate amount of index adjustment amounts that may accrue over the tenor of the notes is $10 per note.

Any secondary market transaction executed by Scotia Capital (USA) Inc. will be subject to an early redemption fee of 0.75% through Sept. 24, 2015, 0.5% from and excluding Sept. 24, 2015 to and including Sept. 24, 2016 and 0.25% from and excluding Sept. 24, 2016 through maturity.

The notes (Cusip: 064159) will price on Sept. 19 and settle on Sept. 24.

Scotia Capital (USA) is the underwriter.

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