Scotiabank to price capped buffered enhanced notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Feb. 16 – Bank of Nova Scotia plans to price 24- to 27-month 0% capped buffered enhanced participation notes linked to the Euro Stoxx 50 index, according to a 424B5 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum redemption amount that is expected to be between $1,214.50 and $1,252 per $1,000 principal amount. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% loss beyond 15%.

Scotia Capital (USA) Inc. is the underwriter. Goldman Sachs & Co. is the dealer.

The Cusip number is 064159HK5.

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