Scotiabank plans 21- to 24-month digital notes tied to Euro Stoxx 50

By Susanna Moon

Chicago, July 25 – Bank of Nova Scotia plans to price 0% 21- to 24-month buffered notes with a digital return due Jan. 30, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% threshold level, the payout at maturity will be $1,072.80 to $1,085.60 for each $1,000 principal amount. The exact digital return will be set at pricing.

Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.

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

The Cusip number is 064159HW9.

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